Steve Keen on the New Great Depression
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Steve Keen on the New Great Depression

The danger in the system is that banks make money by creating debt. They always want to create debt. Most of us will decline the opportunity to take that debt on because debt’s not a good thing. Having debt is an obligation. For example, mortgage. The meaning of mortgage is death contract, in Latin. Not a charming thing to be in.

Steve Keen on the New Great Depression