INTERACT FORUM
More => Music, Movies, Politics, and Other Cheap Thrills => Topic started by: rjm on August 09, 2011, 01:55:52 am
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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/ (http://www.debtdeflation.com/blogs/2011/08/09/the-return-of-the-bear/)