A Minsky Singularity

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Below is Steve’s recent inter­view on Cap­i­tal Account with Lau­ren Lyster that talks about the Debt Black Hole that economies around the world have unknow­ing­ly been sucked into. Steve dis­cuss­es the fun­da­men­tals of his unique analy­sis on using ris­ing debt lev­els to finance eco­nom­ic growth. A fan­tas­tic renewed per­spec­tive on the cur­rent finan­cial cri­sis!

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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.