Prosper Australia

Now you’ve seen Steve Keen deliver a damaging analysis on the 7.30 report, listen to
Professor Mason Gaffney call a Great Depression (on yesterday’s Renegade Economists) and why current economic policy will only prolong the negative outlook.

Dr. Michael Hudson was Chief Economic Policy Adviser for the Kucinich for President campaign in 2007. He gave a compelling interview recently well worth your attention:
Michael Hudson are rising property prices a good thing?
Hudson pt2 - Houses as a tax shelter

Tune into www.3cr.org.au from 5- 6pm today or listen via good ole AM radio - 855 AM on the dial as hosts Karl & Rayna interview Steve Keen about his upcoming presentation, “Deeper in Debt” (tomorrow night in the Prosper Offices - book soon as places are filling fast).

Steve will be asked to explain the role debt is playing in our economy and whether the Australian banking system has engaged in the same slippery financial product development as the US (ie Credit Default Swaps & Adjustable Rate Mortgages). We can’t resist - we must ask who is dominating the creation of money supply in Australia - the Reserve Bank or the commercial banking sector?

Has the deregulated banking sector benefited the Australian people?
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