Monday, September 21, 2009

Steve Keen Advocates "Jubilee"

Steve Keen, an Australian academic economist, argues for a debt jubilee. He also argues that banks should be nationalized (temporarily) in order to get rid of debt.

His recent remarks add to the remarkable amount of economic analyses claiming that the recession will not end until debt is removed from the financial system. This position has been argued from the left and the right.

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