Financial Stability News

Flashing news about financial stability and central banking

Economist Steve Keen, interviewed on the BBC’s HardTalk

Australian economist Steve Keen has long warned against the current debt bubble. As the financial crisis has continued his is now touring the world with his message of debt cancellation. He has posted two recent interviews on his web site, one  with INET, the NY based Soros sponsored institute, and another one with BBC – Hard Talk. The BBC interview is quite good, so have a watch (only 20 + min). At the end, he recognize his indebtedness to Hyman Minsky, who more than anyone else saw this coming and also provided a theory for understanding why it could happen.

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