The level of debt is the disease. The wage-productivity gap is the cause and the financial crisis is the symptom. Wages and productivity grew together until the 1970s when credits replacxed rising wages. (http://www.capitalismhitsthefan.com) Hyman Minsky spoke of "euphoric expectations" leading to debt-induced recession. Neoclassical theory relies on a "multiplier effect," Bernanke's "quantitative easing." Giving to banks is said to be 10 days more "productive" than giving to debtors. Giving to debtors is dynamic thinking. Ponzi thinking is in the saddle again. Neoclassical theory fails to account for credit money created one month before base money. In this model, loans create deposits, not the other way around. 80% of TARP money went into speculation on the stock markets instead of reviving the economy. to watch and hear Steven Keen, professor of economics at the University of Western Sydney, speaking on November 16, 2009, click on