Dr. Steve Keen

[Starcraftmazter]

Keen: Government should print money to pay off our debts

Economist Steve Keen is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and pay off people's debt.


Here's an interview from BBC Hardtalk.
Quite an interesting position.

http://news.bbc.co.uk/2/hi/programmes/hardtalk/9641873.stm

I really liked it. Give everyone some big amount of money, and people who didn't get into debt are suddenly wealthy

 

[Bill M]

University of Western Sydney associate professor of economics and finance Steve Keen is radically bullish on interest rates, predicting a 2% cash rate by the end of 2009, dropping to 0% in 2010.

Well none of that happened so he got that wrong.

Here's an interview from BBC Hardtalk.
Quite an interesting position.

http://news.bbc.co.uk/2/hi/programmes/hardtalk/9641873.stm

My goodness after watching that interview I think that Dr. Keen is bordering on lunacy. I think he needs to retire, poor bloke.

 

[Starcraftmazter]

Well none of that happened so he got that wrong.



My goodness after watching that interview I think that Dr. Keen is bordering on lunacy. I think he needs to retire, poor bloke.

I love your in-depth analysis....oh wait

In conclusion, perhaps you should get a clue buddy.

 

[young-gun]

Keen: Government should print money to pay off our debts

Economist Steve Keen is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and pay off people's debt.


Here's an interview from BBC Hardtalk.
Quite an interesting position.

http://news.bbc.co.uk/2/hi/programmes/hardtalk/9641873.stm

i like. this guy shares a similar view to that of harry dent. eventually debt is going to have to be written off, paid down, written down whatever, only difference is that he recommended banks would have to write down home loans to their true value and have the bank incur the loss(which would be footed by a fed bailout anyway) but at least its getting to the root of the problem. as opposed to freeing up the banks to give a few bonuses and try and create even more debt.

 

[ZSlaveski]

Dr Steve Keen has had a nice little run in the media of late as the lone voice of the ultra doom and gloom brigade, and SMH have given him some webspace this afternoon with his assertion that interest rates will hit 0% sometime in 2010!

Keen is a little out with his timing but the ZIRP is coming there is no doubt about that.

Australia is in a massive debt bubble and this bubble is popping as we speak

RBA has no choice other than slash interest rates in doomed attempt to prevent this collapse!

This collapse will take down real estate, shares and the whole economy!

You don't believe there's a bubble? Check these charts in this gallery.

http://www.australianpropertyportal.com/Gallery

Now you know what the biggest bubble in this planet's history looks like.

We're looking at worse than great depression event beginning 2012.

 

[carlos169]

Wow Kincella. Tamjin put you in your place. No response? No ramblings littered with many full stops?

The easiest way to reject one's opinion is to criticise his/her action. Of course, like I said a billion times before, his theories is certainly against your own financial interests. It's impossible for you to accept him.



A generalisation. I have talked to and meet many couples who totally understand what is going on at the moment (negative attitude to property) and is more than willing to rent for a bit longer before purchasing one.

They only consider property as a liability, something that they would purchase if they desire the utility that it provides, not the profit.



Perhaps you should really join his blog and attempt to disprove his theories. (and not with us or me) You cannot deny that he had predicted the crisis ahead of many other mainstream economists.