Sunday, July 10, 2011
Why we need to clear out bad debts
Quite a long video interview with Max Keiser and Steve Keen. Keen does most of the talking and covers a wide range of subjects including the role of bankers in asset bubbles, shadow banking debt, credit default swaps, inflation and deflation, money creation and ponzi schemes. Unfortunately, the focus is on America rather than the UK but it's worth a look if you have 25 minutes to spare.