Speaker: Dr Steve Keen - Associate Professor, University of Western Sydney, and well known economist.economist Steve Keen looks at the rising national debts in Australia and the United States, paying particular attention to their historical relationship with recessions, growth and unemployment. He suggests that the levels of debt in both countries have reached a point which virtually guarantees a very difficult economic road ahead in the long term .Another reason the powers that be missed the depression is that they were lying. They knew it, but were simply afraid to admit the problem, and instead tried to talk the market up.
