Re:Ask HN: Economic Recession and Executive Salaries
by ploika on Thursday March 26, 2020 @10:31AM
(#22693907)
Finance and central banking don't operate according to the laws of thermodynamics. It's hard to argue that finance is a closed system in the physics sense because wealth can absolutely be created and destroyed.
You're kind of getting at Hyman Minsky's work - the notion that stability in financial markets is inherently unstable. But otherwise you're not really quoting any evidence for some pretty wild predictions.
You're kind of getting at Hyman Minsky's work - the notion that stability in financial markets is inherently unstable. But otherwise you're not really quoting any evidence for some pretty wild predictions.