Comments on: Big Ideas: In place of a podcast

By: selise

selise — Mon, 13 Apr 2009 01:22:09 +0000

steve – i wasn’t able to finish a draft transcript until today, but now that i’ve done it, i don’t how to send it to you. is there a contact page or link that i am missing? alternatively, i can be reached at gmail.

By: selise

selise — Wed, 08 Apr 2009 21:49:07 +0000

i might be able to try a draft transcript tomorrow. will let you know how it goes. thanks for the reply.

(even promise to use the shift key for capitalization)

By: Steve Keen

Steve Keen — Tue, 07 Apr 2009 20:12:20 +0000

There’s no transcript selise, and I’ve had several such requests to provide one. I’d be delighted if you could afford the time to compile one.

By: selise

selise — Tue, 07 Apr 2009 14:17:10 +0000

excellent and very helpful lecture.

is there by any chance a transcript available? or should i try my hand at it?

By: Effit

Effit — Sat, 04 Apr 2009 02:44:14 +0000

I’ve only just been able to listen to the Big Ideas lecture.

I just wonder if Bernie stayed for it all, and if he LISTENED to it, understood it and took it on board. I’m one of those students who only did one year of Economics, a long time ago, and Steve, what YOU say makes so much sense.

I have a connection to what Bernie was talking about back in the 1960s as my father ‘lost’ his business at that time because of ‘the credit squeeze’, and as a child I didn’t understand what it was all about.

So I hope Bernie learned something. Otherwise, I fear he’ll be ‘trotted out’ again and again to give his ‘expert’ view, as ‘he must know as he’s a former Governor of the Reserve Bank!’.

By: aussiebassguy

aussiebassguy — Tue, 31 Mar 2009 05:50:05 +0000

great lecture steve. keep it up.

By: aussiebassguy

aussiebassguy — Tue, 31 Mar 2009 05:35:27 +0000

I can’t stand listening to Bernie ‘The Sandman(JJJ)’ Fraser. yuk.

By: Chris

Chris — Tue, 31 Mar 2009 00:41:22 +0000

This ABC recording is very good.

However Steve is ignoring the basics.

While buying and selling assets in a rising market is contradicted by the fact that debt can rise faster (Steve’s point), the real problem is that debt is rising faster than the real consumption power of society and that this is a necessary trend for a economy based on Capital.

This is Marx’s point. Debt is a sympton of a deeper cause.

Unfortunately Steve’s rude anti-Marxism (eg loosing their minds) is undermining his own analysis.

By: Warren Raftshol

Warren Raftshol — Mon, 30 Mar 2009 20:28:03 +0000

The credit default swap obligations are variously estimated to be at $600 trillion to $1.5 quadrillion. It would seem that you would need a new variable in your endogenous model for them.

Can you give any hint about the money flows involving them to the rest of the economy?

By: Steve Keen

Steve Keen — Mon, 30 Mar 2009 18:34:49 +0000

It was rather, well, embarrassing to listen to, from my point of view. Bernie has retired and decades ago, but the absence of analysis and degree of simple faith that the treasury and RBA officials would work out what to do and all would be well was not exactly reassuring.