Steve Keen's Debtwatch

Discussion (29) ¬

1. 
   koonyeow

   November 30, 2011 at 1:49 am | #

   Title: Agreeing Whole-heartedly with Lyonwiss

   From Lyonwiss:

   {
   The world might need to grow more slowly economically like Japan, but still improving its standard of living, consistent with the realities of limits to growth. The mindless mental habit of constant equilibrium growth dies hard. It is the assumption underlying the current “problem”.
   }

   I agree whole-heartedly with you.

   From Lyonwiss:

   {
   Hence, it is not clear to me that we even understand what the real problem is now (apart from the obvious). We do know that governments did a lot things during the Great Depression which might have prolonged it, as Steve said people at that time thought that the end of the crisis was around the corner (due to government measures being taken), similar to what’s happening now.
   }

   Borrowing from Nassim Taleb, we are living in Extremistan but we are assuming it is Mediocristan.

   I repeat. I admire your humility.
2. 
   Matthew K

   November 30, 2011 at 6:59 am | #

   Hi Steve, great interview – very clear, to the point and very educational! I hope it encourages plenty more interviewers to come out of the woodwork!!

   Koonyeow, thanks for the youtube link
3. 
   koonyeow

   November 30, 2011 at 1:15 pm | #

   Title: You Are Welcome, Matthew