The Credit Crunch and the Green New Deal… in Compass

Wednesday 1st October, 2008

The massive deflation/de-leveraging of credit and debt that is now cascading through the banking system and rapidly deflating the value of housing and other assets in the Anglo-American economies will precipitate large-scale, global economic failure, for years to come.

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Keynes, inflation and the Green New Deal

Keynes prolfiled in Time Magazine, 1965Apologies in advance . This is a long post. I am getting feedback from those who have read the Green New Deal (GND) (which I co-authored) complaining that the Keynesian policies espoused therein will simply drive us back to the 1970s, to militant trades unionism and ‘stagflation’. Their concerns need a response.

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