When: Thursday 18th July 2013, 7:30-9:30pm
Where: Upstairs room at the Peacock, 11 Mansfield Road, Nottingham, NG1 3FB
Attendance is free although a voluntary collection will be taken to help with the group’s future expenses
This will be a facilitated discussion around an interview given by Australian economist Steve Keen in June 2012. Keen was one of the few economists to predict, and explain, the financial crisis before it happened. We will start with a recording of the half hour interview by Paul Mason with a live audience at the London School of Economics.
Issues raised include:
- Economists’ models ignore the impact of money, banks and debt. This is only valid in a world where there is no credit, no debt and no banks.
- Banks profit from creating debt – until the mountain of debt becomes unsustainable. Reducing the debt reduces GDP and causes austerity.
- An alternative to austerity is a ‘Modern Debt Jubilee’ – putting money into people’s bank accounts to write down debt: quantitative easing for people not banks.
This discussion was proposed in an earlier post, Summary of a radio interview with Australian economist Steve Keen, which goes into much more detail about Steve Keen’s opinions and further reading on the subject.
The radio interview is at http://www.bbc.co.uk/programmes/b01j5h51
Facebook event page: http://www.facebook.com/events/359546250817715/
Café Economique Session, Thursday June 7th 2012
Venue: International Community Centre YMCA, Mansfield Rd
Brian Davey will give a talk and lead a discussion on the current contexts of the Euro Crisis.
Café Economique Session, Thursday December 15th 2011
Venue: International Community Centre, Mansfield Road, NG1 3FN
Crimes of the Financial Elite
Professor of Economics and Law and former financial regulator William K. Black estimated that there were at least one and a half million felonies in the period of the sub-prime lending spree in the US – similar processes happened in the UK too – while the City of London and its associated network of tax havens and secrecy jurisdictions are globally the number one locations for evading regulation, hiding financial crime and tax evasion…
Room 2 at the International Community Centre for a presentation on financial crime and its role in the financial crisis. There will also be a showing of part of the excellent Charles Ferguson documentary “Inside Job” followed by a discussion. (That’s a DVD I would recommend buying if you have not seen it already).
View Inside Job and get a study guide PDF at Inside Job on filmsforaction.
First Cafe Economic event is a discussion on:
‘Money: what is it, how it’s created and why it’s become such a problem?’
Introduction by Brian Davey (ecological economist and member of Feasta).
Date and Time: Thursday 30th June at 7.30pm
Entry: Free/ donation
Contact: briadavey AT googlemail.com
Location: Hopkinsons Tea and Coffee Bar (formally Art Org), 21 Station Street
(the street runs parallel alongside Nottingham railway station)