Blog | CB Investment Management

Debt, Inequality, and Crisis

Steve Keen  has just released an outstanding new video which convincingly demonstrates the short sightedness of current mainstream economic thinking, which dominates current economic policy.

These new insights should change the conversation about economics.

This work has huge implications:

1. It provides a convincing explanation why stable economic growth became crisis and stagnation.

2. Ignoring bank lending and private sector debt are fatal errors in current economic policy models.

3. Inequality, bank lending, and debt are all highly interrelated.

4. Instability, inequality, and stagnation are closely tied to the nature of the banking system, rather than capitalism.

5. Current attempts to stimulate the economy are very likely to fail.

 

Best Practice is a matter of your Best Interest.


Education and a Commitment to Informed Consent is an Obligation.

Chris Belchamber is an IRMAA Certified Planner

Medicare’s IRMAA impacts every retirement plan. Learning how to mitigate it is available via IRMAA Certified Planners designation.

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