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Recent Posts

Minsky Having a Moment?

The Wall Street Journal recently featured a lead article on economist Hyman Minsky : In Time of Tumult, Obscure Economist Gains Currency. Minsky is increasingly cited by leading financial … choke off any bubble before it got started. Dr. Reisman has a nice article on Mises.org in which he makes this point in another way: if people are purchasing more and more assets at higher prices, then with a fixed money supply, goods markets should show a strong deflation [...]