US EditionThe Minsky Moment (And Way Off the Gold Standard)
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The Minsky Moment (And Way Off the Gold Standard)
By Carl Nelson “If something cannot go on forever, it will stop.” (Heb Stein) This “stop” would be a Minsky moment – which is basically when all of the bullshit catches up with you. Over the past four years especially, we have been wading hip deep in the stuff (lies) and there’s been a terrible stench of fraud. So the smart money has it that we are nearing a Minsky moment right about now, and, in fact, the whole country may be situated on one (t…
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