The Bubble Economy and Debt Deflation | Global Research

money5. Now that the Bubble Economy has given way to debt deflation , the world is discovering the shortcoming of models that fail to explain how most credit creation today (1) inflates asset prices without raising commodity prices or wage levels, and (2) creates a reciprocal flow of debt service. * * *. As published in the World Economic Association's World ….. Minsky , Financial Development and Crisis. Basingstoke, Hampshire UK: Palgrave MacMillan. Stockhammer E …

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The Bubble Economy and Debt Deflation | Global Research