World Economic Forum Cherry Picks Way Out of Ponzi Scheme Depression, at least on paper | Steve Keen's Debtwatch

Concerning the recent World Economic Forum report, Steve Keen asks:

  • A Questionable Base Year: why 2000?
  • Why omit financial sector debt?
  • Why ignore Ponzi Schemes—and Minsky?

He supplies some answers too.

About Steve Keen

I [Steve Keen] 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.

via: How I learnt to stop worrying and love The Bank | Steve Keen's Debtwatch.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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