worldspy -
22.04.12 00:13
Post-Keynesian economist Steve Keen really socked it to Paul Krugman in a presentation this weekend in Scotland.If you're just joining the battle this is a good, albeit wonky, starting point.
Keen refutes first the idea that the creation of credit necessarily leads to crisis, and second the idea (Krugman's) that banks have nothing to do with the creation of crises. Instead he offers a theory of good and bad bank behavior.
See the rest of the story at Business Insider
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