Steve Keen: QE2 Won’t “Work” Because Debt Deflation Has Reached “Terminal Velocity”

Steve Keen: QE2 Won’t “Work” Because Debt Deflation Has Reached “Terminal Velocity”

Steve Keen rocks!  I realize I’m a bit impartial due to my deflationary bias, but I make no apologies for my intellectual man crush on Mr. Keen.

If you’re not familiar with Keen’s work (or even if you are), check out this video interview with Max Keiser.  It’s an excellent one, and if you watch any part of it, make sure you catch the last minute or two of the second video – Keen’s conclusion and perfect use of the term “bastards” will absolutely get you fired up!

Hat tip Carson on the link!

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