Steve Keen’s Oz Debtwatch

Analysing Australia’s 45 Year Obsession with Debt

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Debtwatch No. 24 July 2008

Published in June 30th, 2008
Posted by Steve Keen in Uncategorized
56 Comments

My Comment on the Green Paper
Senator Nick Sherry, as Minister for Superannuation and Corporate Law, has released a Green Paper Financial Services and Credit Reform: Improving, Simplifying and Standardising Financial Services and Credit Regulation (June 2008)
This is a very apt time for such an enquiry. It is now over a decade since the Wallis Committee supported [...]

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My submission to… the Wallis Committee

Published in June 20th, 2008
Posted by Steve Keen in Australia
5 Comments

I recently made a submission to the Senate Economics Committee on the RBA (Enhanced Independence) Bill, where I argued against the Bill–as did all four public submissions.
After making that submission (which I’ll post here shortly) I thought I’d check out my submission to the Wallis Committee–since I argued that the RBA and the regulatory authorities [...]

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Stiglitz Trashes Inflation Targetting

Published in June 9th, 2008
Posted by Steve Keen in Inflation Targetting
4 Comments

As a 65 year old winner of the Nobel Prize in Economics, Joseph Stiglitz is not someone that mainstream economists can dismiss as either a crank or senile–the usual reactions to anyone who opposes conventional thought in economic theory or policy.
So when he comes out and says that inflation targetting is foolish and dangerous, his [...]

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Debt is the Financial system’s Carbon Dioxide

Published in June 2nd, 2008
Posted by Steve Keen in Debtwatch
12 Comments

Steve Keen’s DebtWatch No 23 June 2008
RBA Assistant Governor Guy Debelle and I spoke at a conference on Subprimes in Adelaide last month. One aspect of my analysis that Guy queried was my emphasis upon the Debt to GDP ratio. He noted that this appeared suspect, because it was comparing a stock (the outstanding level [...]

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