Rudd’s essay is on the money

Published in July 27th, 2009

Posted by Cassander in Australia, Debtwatch, Great Depression, RBA

Australian Prime Minister Kevin Rudd has followed up his critique of neoliberalism with a new essay in the Sydney Morning Herald on the causes of the crisis, and the policies needed after recovery.
With one exception, his key explanations for the crisis are the same as those identified by myself and the handful of other economists [...]

Australia in the Red

Published in July 24th, 2009

Posted by Cassander in Debtwatch

29 Comments

I will be a panelist at Australia in the Red, a forum on debt organised by The Daily Reckoning & Money Morning, to be held at the State Library of Victoria on Friday July 31st from 7pm-11pm. The evening includes a panel discussion on debt–with Dan Denning, Kris Sayce, Phillip Anderson and Gabriel Andre as [...]

Whitlam Institute Series on the Financial Crisis

Published in July 19th, 2009

Posted by Steve Keen in Debtwatch

4 Comments

The Whitlam Institute is conducting a series of talks on the financial crisis. The third of these will be held this coming Thursday (July 23rd) at the Riverside Theatre complex in Parramatta (on the corner of Church and Market Streets). The keynote paper is being given by Professor John Quiggin, with myself and Guy Debelle, the Assistant [...]

“No-one saw this coming?” Balderdash!

Published in July 15th, 2009

Posted by Cassander in Debtwatch

239 Comments

The widely believed proposition that this financial crisis was “a tsunami that no-one saw coming”, and that could not have been predicted, has been given the lie to by an excellent survey of economic models by Dirk Bezemer, a Professor of Economics at the University of Groningen in the Netherlands.
Bezemer did an extensive survey of [...]

Debtwatch 36 July 2009: It’s the Deleveraging, Stupid

Published in July 4th, 2009

Posted by Cassander in Debtwatch, USA

225 Comments

Steve Keen’s Debtwatch No. 36 July 2009
It’s the Deleveraging, Stupid
Gentleman, you have come sixty days too late. The depression is over. – Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
“The past may not repeat itself, but it sure does rhyme” Mark Twain
In the last six [...]