Talk on Debt and Financial Instability

• Tweet

• Tweet

I’m cur­rent­ly in Nor­way, and was invit­ed to talk on the glob­al debt cri­sis to a local dis­cus­sion group. They video­taped the talk, and put it up on Google Video. The link is:

 http://video.google.com/videoplay?docid=1375113008927627575

There is also a copy on my site–with the open­ing triv­ia about how I met my Nor­we­gian host and fel­low researcher Trond Andresen delet­ed:

http://www.debtdeflation.com/podcast/SteveKeenDebtTalkNorway20080131.mov

I give an overview of the debt sit­u­a­tion, using the graphs that I cus­tom­ar­i­ly put into the Debt­watch Report, as well as explain­ing Hyman Min­sky’s “Finan­cial Insta­bil­i­ty Hypoth­e­sis”, which I regard as the only eco­nom­ic the­o­ry that can explain the cur­rent state of finan­cial mar­kets and the glob­al econ­o­my.