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Theory of Debt

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November 24, 2010 – Comments (0)

This post of Steve Keen is about a week old now, but the videos are on economic theory around debt creation and well worth watching to improve understanding around debt.

Hmmm, for some reason I don't have the link button, so here's the web site: http://www.debtdeflation.com/blogs/2010/10/08/ami-talks-in-flv-format/

I have only watched 15-20 minutes of the first one, which is 53 minutes and I stopped watching it because he has used a number of visuals including graphs to help to show what he is saying and I wasn't prepared for the level of concentration required to follow it, but I was finding the whole discussion of debt creation quite interesting and his explanation of what is wrong with current economic theory. It is not like listening to a radio show, you have to really be following the visuals to make sense of these lectures. I watched enough to put them on my to do list. I certainly agree that there is something extremely wrong at the fundamental level around debt and whether you agree or not with the theory, it helps to sort out what makes sense to you.

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