3 ms·
Interesting. What's a good source on this? California really does feel like 80s Japan sometimes but I can't say exactly why
by rcpt 5y ago
Interesting. What's a good source on this? California really does feel like 80s Japan sometimes but I can't say exactly why
- rufus_foreman 5y agoThere's an Economist summary from 2016 at https://www.economist.com/schools-brief/2016/07/30/minskys-moment https://www.economist.com/schools-brief/2016/07/30/minskys-m.... The depressing part of his theory is that in his view, stability causes instability. If something is growing predictably, people start increasing their use of leverage until even a decline in the rate of growth will cause a crash.
- rcpt 5y agoHey thanks