“Our analysis leads us to believe that recovery is only sound if it does come from itself. For any revival which is merely due to artificial stimulus leaves part of the work of depression undone and adds, to an undigested remnant of maladjustments, new maladjustments of its own.”
– Joseph Schumpeter, Economist
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Novista says:
Can we please have a Minsky moment?
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9th January 2013 at 5:45 pm