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Professor Keen explains the private debt dynamics that caused both the Great Depression and the Great Recession. The Great Recession will end when private debt is much lower than it is now–even though it’s fallen by 30% of GDP since the peak, it’s still 100% higher than at the start of the Great Depression. A ...
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Professor Keen explains the private debt dynamics that caused both the Great Depression and the Great Recession. The Great Recession will end when private debt is much lower than it is now–even though it’s fallen by 30% of GDP since the peak, it’s still 100% higher than at the start of the Great Depression. A ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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