Aftermath 2022 Blog
Amateur speculations on the State of the Economy
Friday, April 14, 2017
Crash Course on Hyman Minsky
See also:
Minsky's Financial Instability Hypothesis (
https://www.youtube.com/watch?v=HrXngX2J1K0
).
If the system has too much debt, then it only takes a small increase in bad debt to make the system instable.
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