To my uninformed mind, "They are making objectively high risk investments for the high returns but hiding the risk in "complexity."" sounds a lot like the "bundling" that occurred with subprime mortgages - creating packages of mortgage debt of different risk levels and bamboozling everyone in the process.
Comradely, John On Fri, Nov 21, 2025 at 2:21 PM Tom Walker via groups.io <lumpoflabor= [email protected]> wrote: > On Thu, Nov 20, 2025 at 04:19 PM, Les Schaffer wrote: > > Minsky is discussed in this Center for Public Enterprise study by Advait > Arun: > > Hyman Minsky was very interesting economist. I think of him as a > Marx-inflected Post-Keynesian. This article by Riccardo Bellofiore in > Monthly Review > <https://monthlyreview.org/articles/hyman-minsky-at-100-was-minsky-a-communist/#:~:text=After%20he%20served%20in%20the,of%20cash%20inflows%20and%20outflows.> > would concur with that description, I think. > > > -- "All I ask of our brethren is that they take their feet off our necks." Sarah Moore Grimke, abolitionist (1792-1873) -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#39388): https://groups.io/g/marxmail/message/39388 Mute This Topic: https://groups.io/mt/116383307/21656 -=-=- POSTING RULES & NOTES #1 YOU MUST clip all extraneous text when replying to a message. #2 This mail-list, like most, is publicly & permanently archived. #3 Subscribe and post under an alias if #2 is a concern. #4 Do not exceed five posts a day. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/13617172/21656/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
