Tag: Hyman Minsky

On flash crashes and their prevention

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How often do you encounter something important and find yourself thinking “how is it that I didn’t know about this already?”. It happened to me last week when reading an FT piece (£) by Gillian Tett on the flash crash experienced by the US equities market in May […]

On knowing what’s going on

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Leading active members of today’s economics profession … have formed themselves into a kind of Politburo for correct economic thinking. As a general rule—as one might generally expect from a gentleman’s club—this has placed them on the wrong side of every important policy issue, and not just recently […]