Steven Keen: The Debt Black Hole Event Horizon - 7/6/12

[phinolerun]

http://www.youtube.com/watch?v=dsCzqqvIOms

Thanks to Zero Hedge for posting this on their site. Steven Keen discusses debt write-off for the private sector as being the solution to slow growth and restoring employment. I've heard EJ mention two scenarios to help the U.S. in it's current situation:

1) Private debt write-off as discussed here
2) Manufacture high levels of inflation to inflate the debt away

Discuss.

[charliebrown]

Re: Steven Keen: The Debt Black Hole Event Horizon - 7/6/12

besides the debt what about resource depletion. Everyone cannot live a 1st world life.

[metalman]

Re: Steven Keen: The Debt Black Hole Event Horizon - 7/6/12

http://www.youtube.com/watch?v=dsCzqqvIOms

Thanks to Zero Hedge for posting this on their site. Steven Keen discusses debt write-off for the private sector as being the solution to slow growth and restoring employment. I've heard EJ mention two scenarios to help the U.S. in it's current situation:

1) Private debt write-off as discussed here
2) Manufacture high levels of inflation to inflate the debt away

Discuss.

ej talks about 6% real & 12% nominal gdp... or thereabouts... from a wwiii war economy...