Category Archives: Australia

Abbott’s not-so-golden years | Steve Keen | Commentary | Business Spectator

Abbott’s not-so-golden years via Abbott’s not-so-golden years | Steve Keen | Commentary | Business Spectator.     As figure one shows, that’s true – but it’s not the whole story. Yes, public debt did fall under Howard — but the fall actually began in 1994, during the last two years of the Keating government. However […]

There goes the neighbourhood | Steve Keen’s Debtwatch

Since deleveraging results in falling asset prices as well as rising unemployment, it is unlikely that even substantially lowering interest rates will encourage Australians back into debt once more. Australia’s apparently stellar economic performance over the last 2 decades, which was primarily driven by accelerating private debt, may soon drop back to the pack now […]