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Recent Posts

Krugman still thinking about Sweden — and still only gets it partly …

A ' Minsky moment' actually doesn't seem to be that far away, and we may sooner than we think face a deflationary house price spiral driving the economy to a classic Fisher-Keynes- Minsky debt deflation crisis. And this is [...]

Max and Stacey Episode 390: Deadly Deflation and WWIII …

… they are doing exactly that. Japan which is of course nothing other than a puppet state for the United States is ratcheting up the tension with China… … Max and Stacey Episode 390: Deadly Deflation and WWIII. 09/01/2013 · by travellerev … [...]

minority opinion: Japan Is Not A Good Example Of How Deflation …

Japan is not a good example of how deflation typically plays out. As Ilargi points out, they were an exporting powerhouse exporting into the biggest consumption boom the world has ever seen. They also had a very large pile … [...]

Prychitko on Minsky's Financial Instability Hypothesis (FIH)

… been constructed by economists in the past are therefore not necessarily incompatible with each other,” it would seem that Austrians could accept Irving Fisher's debt deflation theory of depressions or even Hyman Minsky's … [...]