Debt Deflation Academic Paper: Theory and Evidence

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Debt Deflation Academic Paper: Theory and Evidence

Here’s an interesting debt deflation academic paper that our deflationist pal Carson sent along.  It’s written by Steve Keen from University of Western Sydney.  In the paper, Keen compares the debt deflation environment of the 1930’s with today. Abstract: My 1995 paper on modeling Minsky’s Financial Instability Hypothesis concluded with thestatement that its “chaotic dynamics […]

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Video: Eurozone Coming Unraveled As Debt Crisis Deepens

The great Milton Friedman famously predicted in 1999 that Europe would not survive it’s first economic crisis – it’s looking more and more like Uncle Milt is going to be right on the money. The debt ratings of the PIIGS are going down faster than a stack of dominoes, with Spain being the latest Club […]

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