GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, December 9, 2013

Prof Steve Keen ~ What might happen when Quantitative Easing is Eased

A speech to a meeting of clients of Dun and Bradstreet at the Globes 2013 conference on what QE is, and whether tapering might have negative effects on the economy. I use the Minsky Open Source modelling program to sketch out the possible effects. I conclude that the damage is likely to be felt on Wall Street rather than Main Street, where QE has always been mainly a placebo, rather than a cure for what truly ails the economy

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