For Greece And Many Oth­ers, Eco­nomic Reform Is Bad For Your Eco­nomic Health

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A quick quiz: which four coun­tries do you think have done the most to reform their economies over the last seven years?

OK, who said Greece, Por­tu­gal, Ire­land and Spain?

No one?

Actu­ally, some­one did: the OECD.

Click here to read the rest of this post.

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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  • koonyeow

    Con­fir­ma­tion bias + no fal­si­fi­ca­tion = Neo-clas­si­cal eco­nom­ics