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Why the US can't escape Minsky – Steve Keen's Debtwatch

But in fact this period — in the immediate aftermath to a crisis, when the economy is growing once more, and debt levels are only just starting to rise — is precisely the point from which Minsky developed his explanation of economic cycles. In his own words: “The natural … 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.

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Why the US can't escape Minsky – Steve Keen's Debtwatch

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