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Unlocking Economic Growth with Debt Jubilee

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Unlocking Economic Growth with Debt Jubilee

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Unlocking Economic Growth with Debt Jubilee
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.

3 comments

  1. Isn't this part of MMT? Aren't you debasing the currency?

    • @simonrobbins815

      How're you debasing the currency? A debt jubilee is just a cancelling of repayment obligations. The government can simply buy-out and cancel debts, which frees up economic capacity.

  2. @davidwilkie9551

    So technically the practice of legalised robbery would be reversed and wealth distribution made over according to some kind of democratic policies? We wish.

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