Review of Boom Bust Boom (2015) by Dennis M. R — 17 Mar 2016

âFree marketâ? ideology is skewered by cartoons, puppets, South Park and Monty Python. Highly recommended.

The Neoclassical economic model is full of invalid assumptions and refuted by cognitive and evolutionary research on human beings. Hyman Minskyâ(TM)s financial instability hypothesis explains the cycles of boom and bust: stability leads to overconfidence then euphoric speculation occurs, overconfidence leads to deregulation and this leads to economic collapse. Private sector debt (not public sector) is correlated to economic traumas. We need a new economic system with significant regulations and based on the goal of stability not growth.