Great post on debt on Sam de Brito’s “All men are liars” Blog

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I reg­u­lar­ly peruse, and enjoy, the “All Men Are Liars” blog at the SMH on-line. Today’s post there is on a top­ic dear (in every sense of the word…) to this blog. I rec­om­mend check­ing it out–and engag­ing in the debate, if you have time (I’ve just post­ed a quick com­ment):

Suck­ers: slave to your mort­gage

I’ll be post­ing my June Debt­watch report ear­li­er than usu­al this month, since I’m off to the USA for con­fer­ences on May 31st and will be away at the time of the next RBA meet­ing. I’ve also been some­what snowed by work com­mit­ments lead­ing up to that trip, so I haven’t prop­er­ly inte­grat­ed the graph­ics into the last Debt­watch report on this blog–but they are in the PDF. Hope­ful­ly I’ll get back to a full post­ing capac­i­ty when I get back from the USA in mid-June.

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About Steve Keen

I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.