Carbon-Dioxide: the gas of life!
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Lessons On The Fiscal Cliff From The 1930s
The infamous debunker of most-things-classically-economic was recently asked to brief Congress on the fiscal cliff, and how the downturn of 1937 could be a foretaste of what will happen if the Cliff comes to pass. The paper, slides, and presentation - designed to be simple enough for Dennis Kucinich and his colleagues in Congress to comprehend - provide another glimpse as Steve Keen argues that an attempt by the government to reduce its debt now may trigger a renewed bout of deleveraging by the private sector - and this is what appeared to happen in 1937, when confidence that the worst of the Depression was over led ... (full story)
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- Dec 11, 2012 6:44am Dec 11, 2012 6:44am
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- Dec 11, 2012 6:54am Dec 11, 2012 6:54am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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- Dec 11, 2012 7:00am Dec 11, 2012 7:00am
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- Joined May 2012 | Status: CoC'd again ! | 4760 Comments
Carbon-Dioxide: the gas of life!
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- Dec 11, 2012 9:31am Dec 11, 2012 9:31am
- Spreadbetter
- | Membership Revoked | Joined Feb 2012 | 3235 Comments
"The meek shall inherit the earth.." Yeah right, good luck with that shit..