And Deeper in Debt… Launch next Tuesday 12pm

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Dear All,

Below is the press release from the Cen­tre for Pol­i­cy Devel­op­ment for the launch of my “mini-book” on debt. Please pass the news on, and I hope to meet some of you at the launch.

You load six­teen tons, and what do you get?

Anoth­er day old­er and deep­er in debt”
(Mer­le Travis, 1946)

Aus­tralia has been on a 45 year pri­vate debt binge that has now reached unsus­tain­able lev­els. It’s been going on so long that our entire sys­tem is becom­ing reliant on it: we almost can’t afford to stop bor­row­ing.

CPD fel­low Steve Keen will release his paper ‘Deep­er in Debt: Aus­trali­a’s obses­sion with bor­rowed mon­ey’ next Tues­day 18 Sep­tem­ber.

With char­ac­ter­is­tic clar­i­ty and humour, Steve makes the num­bers speak — explain­ing the dynam­ics of debt accu­mu­la­tion and the sta­tis­ti­cal evi­dence for the cur­rent cri­sis. His paper out­lines the prob­a­ble eco­nom­ic con­se­quences of the end of the debt binge, offers advice on how to cope with the debt hang­over, and pro­pos­es reforms to pre­vent it hap­pen­ing again.

The paper will be launched by Michael McNa­ma­ra, gen­er­al man­ag­er of Aus­tralian Prop­er­ty Mon­i­tors at the Syd­ney Mechan­ics School of Arts <http://www.sydneymsa.com.au/> in the Syd­ney CBD (L1, 280 Pitt St) at 12:00 on Tues­day 18 Sep­tem­ber.

Please let us know  if you would like to join us for the launch.