hyman minsky

Economics as a science has a terrible track record. Time and again the “dismal science” misses predictions or whole financial crises altogether. The problem: Mainstream economics ignores the fact banks create and manage our money and the whole system stands and falls with the process.

Economics as a science has a terrible track record. Time and again the “dismal science” misses predictions or whole financial crises altogether. The problem: Mainstream economics ignores the fact banks create and manage our money and the whole system stands and falls with the process.