Alan Minsky, Program Director at Pacifica’s KPFK in Los Angeles joins us to talk about the boom and bust cycle that occurs repeatedly in capitalist economies.  Minsky’s father,  Hyman Minsky was the proponent of the Financial Instability Model that states that long periods of financial stability lead to optimism, which ultimately leads to irresponsible speculation and … Continued


“Boom Bust Boom”is at its best when illustrating some of history’s worst economic meltdowns. It has informative and fun depictions of the 1637 tulip mania in the Netherlands, the crash of the South Sea Company in early 18th-century Britain, and the 19th-century speculation in (and fantastic crash of) British railroad stock. It also describes how the heights of … Continued


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