I am now in an industrial dispute with the University of Western Sydney over two matters: a charge of "Serious Misconduct" which they leveled at me during the unsuccessful campaign to stop UWS abolishing our Economics degree; and their failure to act on my application for a Voluntary Redundancy within the time required by UWS's Enterprise Agreement.

There will be a hearing at the Fair Work Commission at 2.30pm at **80** William Street Sydney. I would be delighted to see readers of this blog there. This feature by Michael Janda on the ABC's The World Today gives a good overview of the dispute.

Steve Keen's Debtwatch Podcast

## 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.

I’m not sure that a sum of currency stocks valued in dollars really has the meaning your looking for.

Perhaps a sum if indexes showing the growth of each countries currency units.

Some one out there might have thought it through and has a good measure.

Cliffy,

Here is the graph you requested from data on the previously linked page, and on the graph. It is done by fitting exponential curves for the gold stocks and the global currency stocks. The money stock fluctuates from the curve by less than +/-20%. So, the dotted lines shows where the data given in the plot are within the +/-20% error of the curve.

The equations are the fit fit to the graphs and, t, is time in years. The endpoints of the graph are very close to the equation fit lines.

If that plot was on log-log it is a strait line. This would be valid if the data given and their calculation methods are valid.

Cliffy,

Hopefully this comment will allow the graph.

Cliffy, Hopefully graph uploaded.

Cliffy, Last try.

Here are the fit equations if it doesn’t work and you like math.

It is a parametric plot with the parameter time, t.

t=1970…2008.25

c(t)=4(1.09)^(t-2008) Global currency stock in Trillions of $ within +/-20%

g(t)=90(1.0156)^(t-1970) Gold stock in 1,000 Tones

(x,y)=( g(t), c(t) )

On Log-Log paper it’s a strait line.

You could just transfer the points on paper from the graphs.

Fit to data graphs given in link: http://dollardaze.org/blog/?post_id=00555