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2019-04-15

US in the midst of the largest wealth bubble in post-World War II history

Today the United States sits in the midst of the largest wealth bubble in post-World War II history, as measured by household net worth (or wealth) relative to gross domestic product

 “well-intentioned government policies aimed at reducing the systemic risks of a crisis in the global financial system may have the unintended and perverse consequence of actually increasing the risk of such a crisis.” 

Or Hyman Minsky’s analysis of why stability is destabilizing.



Eugene Steuerle is a fellow and the Richard B. Fisher chair at the Urban Institute. 
He is co-founder of the Tax Policy Center of the Urban Institute and Brookings Institution.



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