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Recent Posts

Elephant in the Room Minsky Moment – Mish's Global Economic …

Mish's financial blog covers global news and macroeconomic events regarding the world economy. The blog's primary focus is inflation, deflation , and hyperinflation topics, especially currencies, gold, silver, crude, oil, [...]

Debt mountain to crush major economies in 'Minsky moment' warns …

… in the first place. He gives no timeframe for his thesis but says that the problem of huge debts has been swept under the carpet by central bankers and policymakers and will come back as low inflation or even deflation [...]

Debt deflation in action: Greece | Real-World Economics Review Blog

Household debt in Greece is pretty low (70% of GDP, 2013), at least compared with countries like the Netherlands (139%, 2012), Denmark (149%, 2012) or Ireland (112%, 2012). Also, after 2010 Greek households paid [...]

As we've said for 3 yrs., QE doesn't fight deflation, it causes it. | Max …

Max Keiser and Steve Keen both deserve credit for saying that QE causes deflation . Steve Keen piggybacks on Hyman Minsky when he describes a Debt Deflationary economic environment where QE just [...]

Closing Dinner Remarks — The Hyman P. Minsky … – EconoMonitor

But it seems to me that that, based upon the history of the past decade, Professor Minsky would have insisted that the profession re-examine the roots of inflation and deflation . That is, as Minsky already knew, that [...]

What Would Minsky See Today? | NewAmerica.org

Alpert answers that question by explaining why the Federal Reserve's program of quantative easing has not produced a durable economic recovery and why the economy still leans toward deflation instead of inflation. QE [...]

Thursday, June 5, 2014 – The Real News Matters

The Federal Reserve Versus Hyman Minsky (and Deflation ) By Yves Smith June 5, 2014. Yves here. Ilargi at Automatic Earth provided a good rant of something that I had similarly seen as astonishingly cheeky, which was [...]

The Federal Reserve Versus Hyman Minsky (and Deflation) | naked …

How the Fed has gotten itself caught in its own underwear by ignoring Hyman Minsky [...]

Hyman Minsky, Charles Darwin, and descent into the cover of minutiae

There was a curmudgeonly economist named Hyman Minsky (1919-1996). We're not economists and have only learned about him second-hand, after the fact, when what he said before the fact was born out by the [...]

ECB's Nowotny: There is no deflation | ForexLive

Nowotny says we have a situation today which is not deflation but long-term low price [...]