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Recent Posts

Economics in the Age of Deleveraging | Steve Keen's Debtwatch

US Federal Reserve Chairman Ben Bernanke provided precisely this rationale to explain why neoclassical economists ignored Irving Fisher's “debt- deflation ” explanation of the Great Depression (Fisher 1933), and he also asserted that … therefore does have serious macroeconomic consequences, since an increase in debt adds to aggregate demand—and it is the primary means by which both investment (Fama and French 2002) and speculation ( Minsky 1982, [...]

Sponsorship & the Debtwatch Manifesto | Steve Keen's Debtwatch

Membership Level, Number of Members, Annual Payment, Total. Supporter, 183, $2, $366. Keen, 107, $10, $1070. Schumpeter, 12, $50, $600. [...]

The Debtwatch Manifesto | Steve Keen's Debtwatch

The seeds of an alternative, realistic theory were developed by Hyman Minsky in the Financial Instability Hypothesis (FIH), which itself reflected the wisdom of the great non-neoclassical economists Marx, Veblen, Schumpeter, … Using insights from complexity theory, I developed models on the FIH that capture its fundamental proposition, that a market economy can experience a debt- deflation (Fisher 1933) after a series of debt-financed cycles (Keen 1995; Keen 1996; … [...]

Movement at the Station”: Canadian Central Bank Governor Carney on …

I modelled this aspect of his hypothesis in my first papers on Minsky (Keen 1995; Keen 1996; Keen 2000), and got the outcome that Minsky predicted: a private system that was prone to a debt- deflation could be stabilized … [...]

871. multiple short links – Doug Carmichael's reflections on …

In boom times, according to Minsky , stable profit growth resulting from speculative (debt-fueled) risk-taking leads to ever greater speculative risk-taking until the bubble finally bursts and a debt- deflation crisis ensues as … [...]

INET and my Minsky model | Steve Keen's Debtwatch

The Sydney Morning Herald ran a story and video on my simulation model Minsky today: It's time to put money into the equation, says professor This [...]

Gold & Silver – Debt Collapse – $20000 Gold – Mike Maloney on Economic Crisis

www.goldsilver.com Mike Maloney is the author of the world’s best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his ‘most likely’ scenario for the global economy over the next deacde…short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation the difference between currency and money, price vs value, ‘Wealth Cycles’, gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today’s bull market and that of the 1970s, The Debt Collapse, and more. If you would like to know more check out Mike’s websites www.GoldSilver.com and http Mike sends out a free weekly newsletter from each of the above sites each with valuable information on the economy and gold & silver, see you there. [...]