From Zombie Banking to Zombie Democracy on Capital Account

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Cap­i­tal Account is one of my two favorite finan­cial pro­grams (the oth­er is Max Keis­er’s The Kaiser Report). The show is as slick as any show on the major net­works, yet its pre­sen­ter Lau­ren Lyster and Exec­u­tive Pro­duc­er Demetri Kofi­nas are lit­er­al­ly “on the mon­ey” about the finan­cial system–in stark con­trast to the waf­fle that pass­es for analy­sis on CNN or FOX. If you want con­tent as well as glitz, watch Cap­i­tal Account.

Today, Lau­ren and Demetri raised the issue of the pos­si­ble polit­i­cal fall­out from the aus­ter­i­ty pro­grams being imposed on the periph­er­al coun­tries of Europe, under the nov­el head­ing of  “From Zom­bie Bank­ing to Zom­bie Gov­ern­ment”.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.