Re: the list and Minsky

[Doug Henwood <dhenwood@xxxxxxxxx>]

At 5:33 AM -0600 10/2/17, ING. FELIPE BELLO wrote:

>an environment with Keynesian
>fundamental uncertainty.

How much "fundamental uncertainty," which I take to mean something deeply
systemic rather than the quantifiable risk of the CAPM, is there for First
World investors? In the U.S., we've had bailouts for the S&Ls and "Mexico,"
which really means Mexico's U.S. creditors. (As Penny Ciancanelli says, the
First World gets Minsky bailouts, and the Third gets Fisher deflations.)
There were huge state bailouts in Scandinavia and elsewhere in the late
1980s and early 1990s. Where is this "fundamental uncertainty"?

Doug

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