Tag Archives: stability breeds instability

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 , , , , , | Leave a comment