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Author Topic: Steve Keen - Return of the Bear  (Read 808 times)

rjm

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Steve Keen - Return of the Bear
« on: August 09, 2011, 01:55:52 am »

Steve Keen is perhaps the only economist in the world that understands what is going on. His models incorporate debt, velocity of debt, and acceleration of debt - all of which are ignored in mainstream economic models because they are too mathematically sophisticated for the limited intellectual capacity of most economists.

Steve wrote a superb summary our situation today:

http://www.debtdeflation.com/blogs/2011/08/09/the-return-of-the-bear/
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