Google NotebookLM generated podcast using the input papers Debt-Deflation Theory of Great Depressions and the Financial Instability Hypothesis. Both Fisher and Minsky offer compelling arguments about the inherent instability within debt-driven economies. Their work highlights the importance of:

    Managing debt levels: Excessive debt creates systemic vulnerabilities.
    Maintaining price stability: Deflation amplifies the burden of debt, exacerbating downturns.
    Understanding financial innovation: Constant innovation in financial instruments necessitates vigilance regarding emerging systemic risks.

Their analyses provide valuable insights into the causes of financial crises and the potential policy tools for mitigating their impact.

New tracks tagged #DebtDeflation