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.
“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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