BLUE REPUBLICAN RADIO - today at 2pm PT/ 5pm ET Its All About - TopicsExpress

BLUE REPUBLICAN RADIO - today at 2pm PT/ 5pm ET Its All About the Debt - the Most Important Metric in Economics The rate of change of debt in the economy - mainly private debt - is the main driver of employment and asset bubbles. Its a remarkable claim but I speak to the man, Professor Steve Keen, (author of Debunking Economics,) who has established it using historical data. His work enabled him to call the crash three years before it happened - and for exactly the right reason. Steve Keen is, for my money, one of the most important economists alive today. He is almost certainly the best at demonstrating the utter absurdity of most received economic wisdom. We discuss the modern monetary system - in which money is created endogenously by banks - and its inherent problems, the most important of which are inevitable crashes in times of debt deceleration, transfer of assets over time to a privileged banking class, and the need to keep the economy eternally inflating. QUOTE OF THE DAY: If you have a model of capitalism that doesnt have banks, debt and money, then you dont have a model of capitalism - Steve Keen LISTEN AT THE LINK in ten minutes! libertytalk.fm/player/libertytalkplayerenc.html

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