Friday, September 30, 2016

Steve Keen on China and Private Debt Crises

Recently on RT’s Boom Bust:



Note well: it’s actually not necessarily a bad thing if the right-wing parties are in power when these debt crises happen in the West, because this will help to discredit neoliberalism and conservative free market theology.

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1 comment:

  1. Given that the Chinese banking system is nationalised shouldn't it be quite easy to address any debt problems ie write them down to a sustainable level and increase aggregate demand through govt spending? Keen seems to have a habit of making super confident doomsday predictions that don't always play out. I think there's more sage post Keynesian economists around.

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