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Recent Posts

The Economics Forum 21: The Minsky Moment: How Paul Krugman …

A ” Minsky Moment” in which both the lender (“patient capitalist”) and the borrower (“impatient capitalist”) finally realise that theirs is sheer “speculation” and that the “profits” they anticipated from production are not going to materialise …. But Krugman simply “has” to confront this problem – and he does, as we saw, when he acknowledges that “debt-deleveraging” (or Fisherian debt- deflationary ) “shocks” occur when our dear “patient and impatient” capitalists “suddenly … [...]

Sector Financial Balances as a Diagnostic Check

So did others using this approach, like MMT economist Randy Wray who combined Godley's method of analysis with Hyman Minsky's . Ann Pettifor also predicted an impending debt deflationary episode in 2003 and again in … [...]

Deflation risk up in some G20 states: IMF (Reuters) | Stock Market …

But it also says the United States and Japan face a threat to their prospects from their failure to come up with credible, medium-term plans for reducing their heavy levels of debt and borrowing. The IMF cautions that while the … [...]