Steve Keen on next Australian economic crisis

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1. In other words he thinks that the only way to solve all of out problems is for central planning of each and every aspect of the macro economy... The economy is not supposed to be regulated and taxed, subsidised, fixed low interest rates (which are vitally important to capital structure and malinvestment). That is not a free market. That is narcissistic central planners (read: political rulers) who are picking winners and losers in what should be a free society. If I want to save up my money (gold) for a later time in the future or an early retirement. I should be free to do so... Who are you to say that we need to keep aggressively enticing everyone to spend more money and go into debt through aggressively seeking inflation. This is all Keynesian economics. When will the world wake up?
2. Great work Steve.
   
   That jacket!!!!!
3. the house prizes arent lowered everywhere because as long as ppl can make payments they dont want to sell much lower as when they sell low they would still owe money and have no house.
   its when houses are on debt auctions. ppl arent buying but prize level is maintained.
4. The world needs a radical action, a debt jubilee and a return to sound asset backed money. Debt is not money, this is the slight of hand trick that allows banks to enslave humanity and wage endless war with their money out of nothing!
5. expensive country full of foreigners......
6. We have been in recession since 07.
7. what poor rug had to die to make that jacket?
8. We have been warned. Taking on more debt will end in tears. Each person is responsible for the level of debt that they have, which will directly affect how difficult the downturn will be for them. Save money in a boom and buy cheap assets in a downturn. Be fearful when everyone else is greedy and vice versa.
9. Can I take the presenter home as collateral to when it comes
10. Steve is looking a bit like Tin Tin's dad.
11. When Steve speaks, you listen. He's more accurate than 99.99% of economists.
12. Running on empty. The crash is coming.
13. Thank you Steve,lovely low key informative interview as ever and nice interviewer especially comment re some would say the RBA has been a steady guiding hand.. very amusing.
14. I know one thing expensive country...not much job.