He predicted our last financial crisis, but can he predict the next financial crisis?
The market will fluctuate up and down, but it’s still going to take us a while to get back to financial stability. In order to do that, award winning-economist Steve Keen says we have to reduce our speculative debt to responsible debt.
If we don’t, we’ll spend another 15-20 years on a less-secure course; Keen told KIRO Radio’s Dave Ross that is what has been happening in Japan. “Always having a bit of growth with a tendency to fall back into a slump again.”
You can learn more from Steve Keen at Seattle Town Hall tonight at 6 p.m. as he speaks on The Great Financial Crisis & the Great Recession: How We Got Here & the Way Out.