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Rob Parenteau: Minsky Moment

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Uploaded by on Jul 29, 2009

The Richebacher Letter's Rob Parenteau on Austrian economic theory. With HoweStreet.com's Tom Jeffries.

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  • I prefer to call it the Wile E. Coyote moment.

  • i am not sure austrian economics can claim minsky as we know austrian is do nothing economics, and minsky wanted to nationalise the banks in order to set capital free from speculative bubbles speculative bubbles being a mis-alication of capital on a massive scale which with echoes of marx are not only enevitable in capitalism but teh coersive nature of capitalism acts to make bubbles

  • Smart guy

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