In a well reasoned analysis of the current economic dilemma, or can we call it a crisis now, Professor Keen pointed out that at some point the level of debt cannot be increased. He also pointed out that Bernanke gained his reputation as an expert on the Great Depression of the 1930’s. Hmmmm, what was so great about it? The trouble is, this is the Depression of the 21st Century. Bernanke, like all academics, is quite brilliant at analysing, but like everyone else on this planet, he isn’t so hot at predicting.
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Radical action needed to curb US economic downturn - ABC News (Australian Broadcasting Corporation)
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