In this rare video from 1987 (there is very little surviving footage of Minsky discussing his work), Hyman Minsky summarizes his theory of the financial fragility at the heart of modern capitalist economies:Multiplier Effect
Minsky Explains Financial Instability
Michael Stevens
3 comments:
First 30 seconds he says a firms Assets and Liabilities are flows....
This guy is a D-O-P-E dope....
https://en.m.wikipedia.org/wiki/Stock_and_flow#Stocks_and_flows_in_accounting
“Thus, a stock refers to the value of an asset at a balance date“
The abstraction of an ‘Asset’ in Accounting Science literally defines a stock measure...
And yet this moron says an Asset is a flow....
The big question is “why?”
“Why?” is he so stupid?
Solve that problem and all of this goes away....
Well he’s not stupid. it’s you that are so stupid that you cannot understand the context and the content.
He’s talking about the cash flow that assets and liabilities generate over say a period of one year.
That’s pretty easy to understand if one understand context and content.
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