Economist Hyman Minsky argued that financial markets create their own internal forces which generate periods of asset inflation and credit expansion. He said that these periods will be followed by:

Question

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Hyman Minsky argued that financial markets contain the seeds of their own destruction. Thus, the periods of asset inflation and credit expansion would eventually lead to contractions in credit and asset deflation.

Economist Hyman Minsky Argued That Financial Markets Create Their Own