Steve Keen
What You Will Learn
00:00
The Paradox of Inflation
Inflation got out of hand at the time. But it was due to a burning economy and a credit bubble. And what we've had with both the growth of China, to bring a huge deflationary surge into the economy,. We actually want to reduce the level of private debt. In one way is to have inflation. That's why I said, if I had the idea of share buying, it wouldn't cause any inflation at all. The real danger for debt deflation is that when people pay their debt down, to pay your debt down, you necessarily reduce the money and existence. It goes through in one hit. Is that, I guess, how long does that, what does that
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