By: George Noga
This post kicks off a three-part series about the crisis of spending, debt and deficits.
The next part deals with the interval between now and the inevitable arrival of the Minsky Moment, i.e. the unknown and unknowable time when an unsustainable economic phenomenon suddenly collapses.
The third post will address Gotterdammerung, or what happens after the Minsky Moment.
