End of Entitlement & Sack the Economists talks

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I'm speaking at two events this weekend:

Northside Forum: “THE AGE OF ENTITLEMENT IS OVER” So claims our Treasurer, but for whom?:

Saturday May 3rd, 12-2pm, Function Room at the Union Hotel, North Sydney, 271 Pacific Hwy, North Sydney 2060

The launch of Geoff Davies' book Sack the Economists:

Sunday, 4th May 2014, 3:30 for 4 pm, Gleebooks, 49 Glebe Point Road, Glebe NSW

Follow the links above to book a place.

 

 

 

About Steve Keen

I am a professional economist 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 debts accumulated in Australia, and our very low rate of inflation.
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3 Responses to End of Entitlement & Sack the Economists talks

  1. ken says:

    I sus­pect the age of enti­tle­ment is over for any­one who can’t deliver enough votes for the price.

  2. Harry says:

    Encour­ag­ing to see Geoff davies talks about using “sys­tems ideas” in his book. I look for­ward to read­ing what he means.
    But the ele­phant in the room seems to be the para­dox of the mod­ern mon­e­tary econ­omy — money and debt. Money makes the world go round, spurs growth, makes every­body feel rich (appar­ently). Debt on the other hand (even­tu­ally) grinds the econ­omy to a halt, causes peri­odic reces­sions, requires painful de-leveraging, leads to defla­tion, and makes every­body feel bad.

    So what do we do?

    Cre­ate money and debt hand in hand! What a bril­liant solu­tion. All money is cre­ated as debt. You can’t have more money with­out more debt. You can’t have less debt with­out destroy­ing money. Is it any won­der we have a see-saw? First boom, then bust. First infla­tion, then defla­tion. Equi­lib­rium? Sure, IF you’re really really good at tightrope walk­ing. Which gov­ern­ments, trea­sur­ers, and cen­tral bank chiefs, appar­ently, are not.
    What a dumb sys­tem. Are we seri­ous about try­ing to design an eco­nomic sys­tem, or are we going to just bum­ble along in the dark, let­ting the sys­tem be defined by the his­tor­i­cal mis­takes we have made?
    I agree. Sack the econ­o­mists. Hire some engi­neers. At least they are prag­ma­tists, with an ingrained habit of learn­ing from mis­takes. Bridges don’t fall down nearly as often as they once did, but we still have pretty reg­u­lar eco­nomic crises.

  3. Steve Hummel says:

    So what do we do?”

    Bal­ance the con­sumer finan­cial par­a­digm of debt/loan only (not the com­mer­cial finan­cial one) …with mon­e­tary gifting.

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