tag:blogger.com,1999:blog-1442150028442856315.post585550157237151277..comments2023-05-27T07:30:32.513-04:00Comments on Policy and Economy: Economists should stop ignoring bubblesJameshttp://www.blogger.com/profile/15243567377599238583noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1442150028442856315.post-48684765907985132532009-10-01T11:40:47.484-04:002009-10-01T11:40:47.484-04:00Hyman Minsky -
http://en.wikipedia.org/wiki/Hyma...<b>Hyman Minsky</b> - <br /><br /><i>http://en.wikipedia.org/wiki/Hyman_Minsky</i><br /><br />"(September 23, 1919 – October 24, 1996), was an American economist and professor of economics at Washington University in St. Louis. His research attempted to provide an understanding and explanation of the characteristics of financial crises."<br /><br />The economics community has a blind side. The concept of exponential return on investment to infinity is an absurdity. In physics it known as an nuclear explosion.<br /><br />"Business Cycle" is a euphemism that makes instability sound "okay".John Fitzgeraldnoreply@blogger.com