Theories
of macroeconomic management which regard debt levels as
self-regulating. If debt had been up there with unemployment, inflation
and growth, as one of the basic macroeconomic variables to watch, we
would have seen the problem coming and taken action ahead of time.
Steve Keen’s proposition that “credit money” trends control “fiat
money”, and that theory has had this backwards. also sounds plausible,
but it’s just another aspect of the theoretical blindspot above.
3 comments
8 February, 2009 at 14:29
Steven Shaw
Government
15 February, 2009 at 19:58
mitchell porter
Theories of macroeconomic management which regard debt levels as self-regulating. If debt had been up there with unemployment, inflation and growth, as one of the basic macroeconomic variables to watch, we would have seen the problem coming and taken action ahead of time.
Steve Keen’s proposition that “credit money” trends control “fiat money”, and that theory has had this backwards. also sounds plausible, but it’s just another aspect of the theoretical blindspot above.
6 May, 2009 at 18:08
ed
Women