Debt Based Money - Richard Douthwaite

Описание: How Ireland got into its Property Mess

The first of three segments of the introduction to the 2008 Feasta Annual Lecture in which Richard Douthwaite, an economist and founding member of Feasta, outlines the reasons why the Irish banking system and economy is in such trouble.

In this segment he discusses how joining the euro and the loosening of lending restrictions had allowed Ireland to live significantly beyond our means, based on ever increasing private debt.

The full 28 minute long presentation can be viewed http://www.feasta-multimedia.org/2008...

Feasta, the Foundation for the Economics of Sustainability
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