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.