How rising debt causes inequality and crisis - Steve Keen

``In a (for me!) brief presentation with 7 slides, I explain why rising private debt necessarily causes increased inequality, and leads to an economic crisis when the rate of growth of debt exceeds the rate of decline of wages as a share of national income. Crucially, the actual breakdown is preceded by an apparent period of tranquility--a "Great Moderation"'' -- Great graphics in this. It's worth watching for Steve's explanation. However, unless you want to hear the (barely-audible) French translation of everything he says, you might want to skip ahead to about 2/3rds through the video (if its not new material for you).