http://www.youtube.com/watch?feature=player_detailpage&v=SkesgECRXtM#t=97s
On 24.11.2011 17:30, Arno Mong Daastoel wrote:Michael,
Steve Keen gave a great interview on BBC World's Hardtalk this morning.
He referred to you (my colleague Michael Hudson) and to Minsky.
I recorded the whole interview and could put it on e.g. Youtube, if desired.
Arno
http://news.bbc.co.uk/2/hi/programmes/hardtalk/9641873.stm
Should government pay off our debts?
Economist Steve Keen says we are already in another Great Depression. He advocates bankrupting the banks, nationalising the financial system and paying off people's debt
Economist Steve Keen is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and pay off people's debt.
He admits what he is advocating is radical but says it is time governments gave money to debtors to pay down debt instead of to creditors such as banks who have held onto it.
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