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Steve Keen Interview
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Re: Steve Keen Interview
He's admitted he underestimated the scale of gov intervention. (I was at 'politics in the pub' on fri night where he was a speaker and he said this, more in realtion to Aust though) But he's still sticking to his theory that its a credit based system and since its becoming clearer by the day there's not many left to lend to, the major forces will be deflationary. We have to move to a fiat system to get the major inflationary forces and this is not likely given the prefernce for austerity measures to keep the debt in place.
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