Nov26
As noted in the post above, this speech has a lengthy discussion with the audience at the end, which is well worth listening to.
Steve Keen's Debtwatch
Analysing the Global Debt Bubble
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Debunking Economics II
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Steve, you said you are working on adding government finances to your model. Will you model the deficit spending as if the Fed buys the bonds to finance the new debt?
Hi Kim,
I’ll try to model the actual process as closely as possible ultimately, but I may take some KISS steps on the way there.
Does it not make a significant difference? In other words, isn’t a stimulus effect different for a society already heavily indebted than one with low government debt?