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Wray: Why Minsky Matters – Ch 3 The Financial Instability Hypothesis

Summary:
03 27 2019 -Adv Macro II, Lec 12 – Dr. Asad Zaman PIDE – Course Website: http://bit.do/az4macro OPPOSITE to the Chicago View, stable growth lead to explosive expansion of credit – basic tendency of financial capitalism is towards crisis. Big Govt and Big (Central) Banks are need to stop crises and also to control recessions ...

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03 27 2019 -Adv Macro II, Lec 12 – Dr. Asad Zaman PIDE – Course Website: http://bit.do/az4macro OPPOSITE to the Chicago View, stable growth lead to explosive expansion of credit – basic tendency of financial capitalism is towards crisis. Big Govt and Big (Central) Banks are need to stop crises and also to control recessions which system routinely produces


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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