(11min 39) Prof Steve Keen believes that neo-classical economic theory has caused the world to repeat the debt problem that led to the Great Depression, except now we have twice the level of debt.
On today’s BTalk Australia he tells Phil Dobbie that bail outs, nationalisations and interest rate drops are not enough to end the crisis. So, is there anything we can do to rescue the economy?
Read Steve Keen’s Oz Debtwatch at www.debtdeflation.com.
Has Steve Keen got it right? Add your comments to the Talkback section at the bottom of this post.
See also: Where Did We Go Wrong | BTalk Australia
