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by DebtDeflation
618 days ago
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This isn't just the story of GPUs or Oil, this is the entire story of capitalism going back to the early Industrial Revolution in the 1700s. The economist Hyman Minsky added asset prices and debt financing to it to round out a compelling theory of the business cycle including the extreme bubbles and depressions sometimes seen. |
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https://en.wikipedia.org/wiki/Bullwhip_effect