A Solution to the Economic Crisis?
Looking for a solution to the current economic crisis? Read up on your Minsky. His definition of ponzi finance, aptly describes what has gone on in the US financial markets for the better part of decade. Ponzi finance is what leads to casino capitalism, and economic crises.
So how do you deal with the crisis? Like you would any ponzi scheme. You stop the scheme and everyone starts over with a focus on cash-flow, rather than refinancing.
Unfortunately, admitting that the US financial system has become one giant ponzi scheme and that our highest salaried citizens are merely gamblers, would wreak havoc on our existing social structure. So every effort will be made to keep ponzi finance alive and thriving. The only way to do that is thru massive inflation. That's the future, guaranteed. There's no other way for ponzi finance to survive.


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