I note Nick is a self proclaimed expert on economics. Which means we should ignore him totally as listening to these idiots is how we got this problem.

RobbyH - not only is your comment rude, it's incorrect. Nick Gruen isn't a self-proclaimed anything, he has been appointed to ANU and University of Melbourne. What are your educational/professional qualifications? What level of recognition do you have?

Did economists cause our global meltdown? Didn't politicians, businessmen, bankers, stock brokers and journalists play a part? Economists like Steve Keen plot the activity. It would be a waste of your limited intellect to try to understand what's on http://www.debtdeflation.com/blogs/