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Private Debt Feeds Economic Collapse.

Summary:
Private Debt Feeds Economic Collapse.

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Steve Keen considers the following as important:

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Private Debt Feeds Economic Collapse.
Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

5 comments

  1. so debt is used to destroy economies.
    cool. financial collapse, here we come…again, i guess.

    • First debt spurs the economies. So we should think about, why there is a debt burdon at all.
      Debt itself is not a problem at all. It is only a mean to deal with time.

  2. @GhostOnTheHalfShell

    But Steve still advocates for usury and inflation, the means of wealth transfer that amplifies intrinsic instability. Even though neither interest nor inflation are necessary for vibrant commerce. Deep down he’s still a water boy to rentiers.

  3. The necessity of making a living either single or in grouped organizations puts everyone in debt to the ecology by default.

    Singularity-point Observation of WYSIWYG Eternity-now Interval QM-TIME Completeness Actuality in Quant Economic Analysis is the required POV to educate people wishing to make Conformal Constitutional Democracy effective and efficient.., as best a Greaber/Churchill assembly of concepts might be.

  4. Sensed something was going wrong in 1984 when forced in to a Manchester labour camp with advanced Maths and the college Physics prize 🤔 now at 60 there is no legal aid and AI is my lawyer against 90,000 army of the DWP who spend billions with 7% success

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