Lk, According to Steve Keen debt deflation is the phenomenon that caused major recessions eg- The Great Recession and The Great Depression etc. I also believed that but lately found this article ( Keynes liquidity preference trumps debt deflation in 1931 and 2008). Can u suggest that which one is more relevant?
Lk,
ReplyDeleteAccording to Steve Keen debt deflation is the phenomenon that caused major recessions eg- The Great Recession and The Great Depression etc. I also believed that but lately found this article ( Keynes liquidity preference trumps
debt deflation in 1931 and 2008). Can u suggest that which one is more relevant?