fix articles 169594, minsky Los Angeles Indymedia : tag : minsky

minsky

Panic Grips Markets (tags)

markets

How Do We Pay for All This? by Steven Keen (tags)

The level of debt is the disease. The wage-productivity gap is the cause and the financial crisis is the symptom. (http://www.capitalismhitsthefan.com) Hyman Minsky spoke of "euphoric expectations" leading to debt-induced recession.

The Legal Criminality of Finance Capitalism (tags)

The market mechanism, the Keynesians say, is not efficient or balanced. Charles Ponzi was one of the greatest swindlers of American history. Instead of the capitalist economy holding the strings of politics, politics could use economic power to create new realities.

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