Which famous economist suggested that asset bubbles arise naturally as investors become more willing to take on added risk during stable periods, leading to increased asset prices?
A) Milton Friedman
B) Hyman Minsky
C) Al Gore
D) John Keynes

Question

Quizplus · Accepted Answer

Hyman Minsky is credited with proposing the theory that asset bubbles form naturally as investors become more willing to take on additional risk during periods of stability, which in turn elevates asset prices.

Which Famous Economist Suggested That Asset Bubbles Arise Naturally as Investors