Talking with Peter Switzer

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Peter Switzer inter­viewed me last night on his Sky News pro­gram. We dis­cuss the Euro, why default is prefer­able to resched­ul­ing, fis­cal aus­ter­i­ty ver­sus deficit fund­ing, Nobel Prize Win­ner Prescott say­ing that the Great Depres­sion was an extend­ed hol­i­day, Aus­tralian prop­er­ty, what is a house price crash (com­par­ing Japan and the USA to Aus­tralia), how does Aus­trali­a’s hous­ing mar­ket real­ly dif­fer from the USA’s, what real­ly makes house prices rise, stock mar­ket per­for­mance in the next decade, the Cred­it Accel­er­a­tor and the ups and downs of a down-trend­ing mar­ket, the pain in Spain, and what it might lead to.

Peter and I go back a very long way–we did our Mas­ters degrees togeth­er at the Uni­ver­si­ty of New South Wales in the late 1980s. I then fol­lowed the aca­d­e­m­ic route, while Peter suc­cess­ful­ly pur­sued a career in jour­nal­ism, and then formed his own com­pa­ny focus­ing on busi­ness advice, and we have remained in touch since as friends and pro­fes­sion­al col­leagues. It’s always a plea­sure to speak with him, as I think shows in this 14 minute inter­view.

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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.