Just Bank­ing Pre­sen­ta­tion

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I’m just unwind­ing back at my hotel after this 23 day, 4 coun­try, 7 city trip; an exhaust­ing but worth­while expe­ri­ence (made all the more chal­leng­ing by either Heathrow or Qan­tas los­ing my bag for 8 days on my arrival!).

The Just Bank­ing con­fer­ence organ­ised by the Friends of the Earth Scot­land was a fit­ting finale. I won’t write too much about it here–I’m too tired–but I’m sure Beth and friends will do a good write-up. For now, here is a screen record­ing of my pre­sen­ta­tion and the Pow­er­point slides; later we’ll add the video as well.

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.
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  • Chris­t­ian Nygaard

    What would hap­pen if you model free bank­ing with­out cen­tral banks? Cen­tral banks try to set the price of new money by con­trol­ling intrest rates. But since cen­tral banks are cen­tral plan­ning they will most likely set the price ie the inter­est level wrong at times. Arti­fi­cial low inter­est rates would then cause future finan­cial cri­sis by financ­ing ass­est price bub­bles mostly in hous­ing but also in other ass­est classes such as stocks.

  • That’s what I do model Christian–when I have a flex­i­ble inter­est rate. It makes lit­tle dif­fer­ence. It’s much like think­ing that we can know now the price of car­bon that will stop Green­land melt­ing.