Heterodox
A Total-Returns Profile of Economic Polarization in America Michael Hudson Based on work with Dirk Bezemer, with charts by Howard Reed Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismAsset-Price Inflation and Rent Seeking Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking...
Read More »Edward Harrison — Hyman Minsky And Asset Price Inflation Versus Consumer Price Inflation
Hyman Minsky’s financial theory of investment rests on a bifurcation of an economy’s price systems. On the one hand, there’s the price system for goods and services. And inflation here is what central banks look to hold in check. But at the same time, there is a wholly separate price system for assets. And it’s here where stability leads to asset price inflation, a build up in debt, instability, and, eventually, crisis. Economics professor Randall Wray is a real Minsky scholar. He studied...
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