Wednesday, July 20, 2016

Minsky's financial instability hypothesis


From Boom, Bust, Boom. Not the best explanation, but accessible. In this version is all about confidence, which is not particularly heterodox. Btw, slow posting will continue until mid-August.

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Financialization and the low burden of public debt

Financialization is a fuzzy concept. There are many definitions, and none is clear cut, at least to characterize the changes of the l...