THE REASON WE’RE EXPERIENCING FINANCIAL COLLAPSE

At the 39th annual conference of the Eastern Economic Association held at Cooper Union, New York, 9 to 11 May 2013, Professor Mason Gaffney delivered a paper which gets to the crux of the world financial collapse.  Obviously, few policymakers have appreciated the extraordinary implications of his algebra.

Read Gaffney’s address “Great Expectations: How credit markets twist the allocation and distribution of land” here —-> Gt-Expectations-MS1.







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