Steve Keen on the global debt problem

Australian economist Steve Keen has a video on his website where he discusses the global debt crisis.  Charts, humor and all sorts of useful tidbits for those interested in the ongoing financial debacle. 

Link here: Steve Keen's video.

Keen's website although not updated on a regular basis is useful to enhance one's knowledge of how the global economy functions, Austrian economics and the ongoing problems that we as a nation have been experiencing for decades. 

Comments

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process...
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi...
Read more

Question 1 Massachusetts, Yes or No?

This is probably one of the most important questions in Massachusetts (MA) and something I have been thinking about for a long time. If we do not make the right decision here, it can only return in six years. We are now bombarded by anti-question1 ads and I noticed that everywhere I drove, I saw banners supporting NO on question1...but I also noticed that they were always standing next to a pro-Obama sign. Curious, is it not? So I started doing some research and I have concluded that every ad is a lie. Blatant lie. They even made a website with more lies. It has become rather apparent that everyone should vote YES on question 1 in order to send a message that enough is enough. My video is below, but here are important links that will enable you to do your own research. List of organizations voting NO MA financial report, check out page 320 for the TRUE budget Towns at a glance! Shows the REAL state aid for each town.
Read more