Category: "Business, Money and Banking"

The Next Minsky Moment

“China’s economy has entered a state of new normal.”– Premier Li Keqiang, 2015 “Success breeds a disregard of the possibility of failure.”– Hyman Minsky more »

What, Me Worry?

“Forget the past. The future will give you plenty to worry about.”– George Allen, Sr. “I try not to worry about the future, so I take each day just one anxiety attack at a time.”– Tom Wilson more »

The Interaction of Economists and Money Cranks in the Depression Years

Yesterday I ran a post that briefly delved into the connection between Keynes and the money cranks of the 1920s and 1930s. There I showed that Keynes’ ideas cannot be said to have been influenced in any substantial way by the money cranks. more »

Money and Banking, Part 18 (B): Overview of the Financial System: A World of Promises

Due to the size of this post, it  has been split into 2. You can find part A here. Click for larger image of U.S. Treasury certificate. more »

Money and Banking, Part 18 (A): Overview of the Financial System: A World of Promises

by Eric Tymoigne Due to the size of this post, it was split in two. You can find Part B here. The M&B series is back! The goal is to finish the first complete draft of the book by the time I need to teach my Money and Banking course. [xxxmore]… more »




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