Debt Deflation Academic Paper: Theory and Evidence

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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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