Tag Archives: Hyman Minsky
Banking Buffoonery, Modeling Mysticism and Why Paul Krugman Should Be Sweatin’ Bullets
We have a few things to say about the recent debunking of established monetary theories. In case you missed it, the Bank of England issued a report in March explaining that standard textbooks get money and banking all wrong. The … Continue reading
Fonzie or Ponzi? One Theory on the Limits to Government Debt
If you’re part of my generation and watched enough Happy Days back in the day, you know that “the Fonz” had a keen understanding of human nature. And that projecting confidence was a huge part of his alpha male badassness. … Continue reading
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Tagged America's finances, austerity, Balassone-Francese-Pace, Baum-Cecherita-Westphal-Rother, budget deficit, CBO, Cecchetti-Mohanty-Zampolli, Cecherita-Rother, Charles Ponzi, confidence trick, Congressional Budget Office, debt addiction, debt projection, debt stabilization, debt threshold, debt-to-GDP, debt-to-GDP ratio, dependency ratio, depression-like economy, Fonzie, Happy Days, Hyman Minsky, hyperinflation, Keynesian, Keynesian end game, Kumar-Woo, median household income, Ponzi finance, Ponzi point, Ponzi Scheme, primary balance, primary budget balance, real debt stabilization, Reinhart-Rogoff, The Fonz, wealth confiscation
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