High-tech parallel monetary systems for the underdogs?
Steve Keen stays pretty much on message but this post shows that he has noted the potential of non-bank money as devised by his research colleagues Trond Andresen.
The US current account will be in surplus in 5 years says Evans Pritchard
The switch in advantage to the US is relative. It does not imply a healthy US recovery. The global depression will grind on as much of the Western world tightens fiscal policy and slowly purges debt, and as China deflates its credit bubble. [...]
