“If You Want to Head-Off Fascism, You’ve Got to Find a Politician Willing to Take on the Financial Sector”
Professor Steve Keen, prominent among a small group of economists who correctly foresaw the 2007 meltdown, talks about the parallels between the Great Depression of the 1930s and the current “great” recession. The key indicator he uses to predict periods of major economic collapse is the ratio of private debt in an economy to…