The blog now has over 5000 members, and about 40 of them crowded into a small room in the FlatIron district of New York to hear me give a talk on debt-deflation. Since I had the luxury of more time than you get at an academic conference, and an engaging and intelligent audience, I gave a lot more detail on my modelling approach. The questions were also superb, and would have continued for much longer if I hadn’t called quits at an opportune point (the whole caboodle of presentation and discussion is almost 70 minutes long). My answers come through loud and clear on this video; I just hope that the questions themselves can be heard by better ears than mine!Steve Keen’s Debtwatch Podcast
The presentation slides are linked here, and the paper here. The presentation is new and much more detailed than the one I gave at the Levy; the paper is the same as that linked to the Levy presentation.
I am still doing some development work on this model, including expanding it to include fiat as well as credit money (and I hope ultimately to fit it to the US data as well), but for now it’s the most complete single sectoral model of debt-deflation I’ve put together.
I’ve also linked an MP4 format file here, since the Flash Video compression seems to result in rather hard to read text on the slides.
PS I’ve just checked part of the video above, and after a while there’s a very large gap between the visuals and my commentary. This is probably due to my stuff-up when I got back from New York: I used an automatic backup program to transfer files from the camera to my computer, and then deleted the files from the camera–only to find that the New York material hadn’t been transferred!
An undelete program saved my bacon (thank you File Restore Plus), but in such operations there’s always some problem, and this is one of them. Nonetheless it’s better than losing the whole thing. So please put up with the disconnect.