KEEN’S DEBT MARCH: Twin peaks

Published on Business Spectator, by Rob Burgess, 23 Apr 2010.

… In nine days on the road with Steve Keen, Business Spectator has witnessed many debates lead by this obsessive but intellectually dynamic professor. He’s stopped to drink wine with his dozen-strong entourage, gorged on pub meals to replace the calories burned up through hours of walking and running, pacing back and forth, mobile to ear, organising and reorganising motels and transport. And he’s spent hours telling anyone who’ll listen that Australia is headed for the mother of all financial collapses, the result of a debt fuelled housing bubble that simple cannot get much bigger.

Today, a short 20km sprint up the mountain will finish the Canberra to Kosciusko ‘Keen Debt March’ – a physical and intellectual experience the likes of which no member of the walking party is likely to see again. 

Whatever the future holds for Australia’s economy, it is clear that Keen’s relentless message to Australian policy-makers is sincere and, at the very least, founded in constant intellectual exertion. As Keen jogs out of the driveway in Perisher today, it’s clear he fully believes that both for this epic walk, and for the economy, we are almost at the peak. (full text).

Links:

Steve Keen on wikipedia;

Debunking Economics: the naked emperor of the social sciences;

Debunking Economics is now available as an eBook;

from SwitzerTV, Video with Steve Keen, the economist: 10.24 min, Feb 4, 2010: and, the man who called the crash and tipped a 40 per cent tumble in property prices. Last year, his view was nothing short of negative, but is 2010 looking rosier for Professor Steve ‘the bear’ Keen?

The merciless exponential debt explosion, 59.30 min, 31 Jan. 2008!

on debt and the economy: How do we pay for all this? (1 of 3), 10.50 min, Oct 2009;

See also:

Rising wave of voter anger over housing, on The Sydney Morning Herald, by CHARLES PURCELL, April 27, 2010.

Comments are closed.