Comments on: Minsky: Turning neoclassical economics on its head http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Anonymous http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56788 Anonymous Thu, 23 Jul 2009 18:23:00 +0000 http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56788 Hi, Just one question. You suggest that one could cut government spending dramatically and that would lead the graph to the green circle. What would happen if you increased taxes? Unusual Plant Hi,

Just one question. You suggest that one could cut government spending dramatically and that would lead the graph to the green circle. What would happen if you increased taxes?

Unusual Plant

]]> By: Attitude_Check http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56782 Attitude_Check Wed, 22 Jul 2009 19:19:00 +0000 http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56782 So, since it doesn't appear posssible for the US Government to continue the deficit spending in the long-term, then this analysis says that we should be prepared for an significant GDP drop. If it is true that by "propping-up" the US GDP by the present "stimulous", economic damge, and poor Capital allocation continues, then the future required overall GDP collapse will be that much greater. While scary, it all makes sense. So, since it doesn’t appear posssible for the US Government to continue the deficit spending in the long-term, then this analysis says that we should be prepared for an significant GDP drop. If it is true that by “propping-up” the US GDP by the present “stimulous”, economic damge, and poor Capital allocation continues, then the future required overall GDP collapse will be that much greater.

While scary, it all makes sense.

]]> By: Ian Lucas http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56781 Ian Lucas Wed, 22 Jul 2009 04:06:00 +0000 http://www.creditwritedowns.com/2009/07/minsky-turning-neoclassical-economics-on-its-head.html#comment-56781 Australian economist Steve Keen has written extensively from a Minskian perspective. See http://www.debtdeflation.com/blogs/. Australian economist Steve Keen has written extensively from a Minskian perspective. See http://www.debtdeflation.com/blogs/.

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