4 ms·
As recovery approaches full employment ... soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on ... But in truth neit
by joncrane 7y ago
As recovery approaches full employment ... soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on ... But in truth neither the boom, nor the debt deflation ... and certainly not a recovery can go on forever.
Hyman Minsky
(From the wikipedia article posted last week "Minsky Moment: https://en.wikipedia.org/wiki/Minsky_moment" https://en.wikipedia.org/wiki/Minsky_moment"