Steps To A Financial Crisis

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With many economies flooded with money injected by their governments to keep economies going during the CoVid-19 lockdowns, there was no time to taper it off before inflation started exploding upward. Are we looking at possible financial crises pre-mass forming? Is excessive money in a system responsible for a crisis?

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How does a financial crisis happen? Austrian economists have long opined that “too much money” in an economic system is a key culprit and we examine the Malaysian financial crisis of 1997 and 1998 to see whether this is true, and whether the old allegation that the crisis was all caused by others is the culprit. The evidence is sobering.

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