“...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving out Banks, Debt, and Money is a bit to me like an ornithologist trying to work out how a bird flies whilst ignoring that the bird has wings...” MoneyEconomicsDebtFinanceExpertsBankingFinancial CrisisOccupy Wall StreetEconomistsFinancial Crisis Of 2007 2011Economics PhilosopyThe Four HorsemenThe End Of Experts Author:Steve Keen
“If you have a sane economy, and by sane economy I mean one which is not addicted to debt, not a Ponzi economy, then the change in debt each year should contribute a minor amount to demand. Therefore, if you tried to correlate debt to the level of unemployment you would not find much of a correlation. Unfortunately that is not the economy we live in.” IfsShouldYearsMeanLevelsEconomyAmountDemandDebtSaneMinorsUnemploymentCorrelation Author:Steve Keen
