Nice article from Steve Keen 28 October 2013 Bryan Kavanagh 2 Comments Housing hopes: will the souffle rise twice? (BTW, don’t forget excessive debt is a proxy for excessive land prices.)
2 thoughts on “Nice article from Steve Keen”
Excessive land prices = excessive debt, grasshopper: simple. Don’t try to be smart about money when you haven’t seen the cat.
you understand debt = money right??
if all debts where paid = no money circulating