Steve Keen: Instability in Financial Markets 3/5

The video explores Hyman Minsky's theories on financial instability, emphasizing the role of debt in economic growth and asset bubbles. Minsky's critique of neoclassical models highlights the destabilizing nature of equilibrium. The discussion covers endogenous money, Ponzi schemes, and the historical context of debt from the Great Depression to the present. Proposals for financial stability include Jubilee shares and property income limited leverage to curb speculative debt.

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