New video on what caused the Great Depression
And how mainstream economists make a repeat more likely
This video has just gone live:
It’s a very concise explanation of the role of private credit in causing booms that lead to busts like the Great Depression. Please watch it—till the end for the YouTube Algorithm—and share it widely. Now that it’s almost 2 decades since the Global Financial Crisis, Neoclassical economists are disparaging my approach to economics because they’ve forgotten that the GFC took them completely by surprise, whereas my Minskian economics forewarned of it.
Don’t let them do it!

