Tag Archives: hyman minsky
Monetary Activism
Sometime in the 1950s twentieth century economist Hyman Minsky developed his Financial Instability Hypothesis. At the cornerstone, is the notion that economic stability breeds instability. How’s that possible? As Minsky observed, financial crisis follow periods of economic prosperity. These periods … Continue reading
Posted in Inflation, MN Gordon
Tagged cheap credit, federal reserve, hyman minsky, monetary policy, risk, stability breeds instability
Leave a comment
