Keen Cambridge Lecture 2011 plus questions

[bms2070]

Productive lending to main street and manufacturing industry should have happened, not ponzi lending focussed on making quick bucks in an asset price bubble.

[KeePractising]

Suppose the Ponzi lending of the last years had not occurred? Since it had a spin-off into ordinary spending and employment, what would employment levels have been without it?

Do we need Ponzi lending to maintain employment at a reasonable level?

[dionhenderson]

Yew

[ProfSteveKeen]

Feasible to some extent, since the level now is artificially low.

[Ape65]

Would it make sense to have a semi-jubilee, where 50% of debts were forgiven, but then interest rates were doubled? This would preserve cash flows while halving the debt-income ratio.