The four year Centre for Economic Empowerment project at NICVA is nearing its conclusion but the full attendance at today’s event can be taken as a sign of the capacity that has been built in the community and voluntary sector around economic awareness and understanding.
Aussie economist Steve Keen, host of the excellent Debt Deflation blog, has long argued that our current – record high – debt-to-gdp ratios are the real cause of the crisis. As the debt is still there, the crisis is still here. He offers a realistic assessment of our options – Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt–either directly by abolishing large slabs of it, or indirectly by inflating it …
