Summary:
Inequality resulting in lack of effective demand without supplementing income with debt, which leads to systemic instability. Pretty much like MMT says, following Minsky.Eurasia ReviewThe Real Reason The Economy Might Collapse – OpEdRobert Reich | Chancellor's Professor of Public Policy at the Goldman School of Public Policy at UC Berkeley, Secretary of Labor in the Clinton Adminstration, and formerly a professor at Harvard University's John F. Kennedy School of Governmen and professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University
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Inequality resulting in lack of effective demand without supplementing income with debt, which leads to systemic instability. Pretty much like MMT says, following Minsky.Eurasia ReviewThe Real Reason The Economy Might Collapse – OpEdRobert Reich | Chancellor's Professor of Public Policy at the Goldman School of Public Policy at UC Berkeley, Secretary of Labor in the Clinton Adminstration, and formerly a professor at Harvard University's John F. Kennedy School of Governmen and professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University
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Mike Norman considers the following as important:
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Inequality resulting in lack of effective demand without supplementing income with debt, which leads to systemic instability. Pretty much like MMT says, following Minsky.
Eurasia Review
The Real Reason The Economy Might Collapse – OpEdRobert Reich | Chancellor's Professor of Public Policy at the Goldman School of Public Policy at UC Berkeley, Secretary of Labor in the Clinton Adminstration, and formerly a professor at Harvard University's John F. Kennedy School of Governmen and professor of social and economic policy at the Heller School for Social Policy and Management of Brandeis University