4 ms·
In a way, if you allow me some liberty with the concepts: as finance and the real economy drift further apart in their metrics, at some point that divergence cr
by wslh 1y ago
In a way, if you allow me some liberty with the concepts: as finance and the real economy drift further apart in their metrics, at some point that divergence creates a crisis.
There are academic articles on that such as [1].
[1] "Crisis and the Role of Money in the Real and Financial Economies—An Innovative Approach to Monetary Stimulus" <https://www.mdpi.com/1911-8074/14/3/129 https://www.mdpi.com/1911-8074/14/3/129>