Tag Archives: monetary policy

Monetary Activism

Posted on June 6, 2014 by MN Gordon

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 →

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Listening to the Canary

Posted on April 22, 2014 by MN Gordon

Listening to the Canary By Terry Coxon, Senior Economist During World War II, the British Royal Air Force (RAF) undertook a plan of misdirection to allow a squadron of bombers to approach an exceptionally valuable target in Europe undetected.  The … Continue reading →

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Beardless Ben and Bad Bet Summers

Posted on August 13, 2013 by MN Gordon

Plenty of ink has been spilled lately brooding over who’ll be the next Fed Chairman when Ben Bernanke’s term concludes on January 31, 2014.  Here at the Economic Prism we really don’t give a rip who the next monetary Caesar … Continue reading →

Posted in MN Gordon, Politics | Tagged , , , , | 3 Comments