Which famous economist suggested that asset bubbles arise naturally as investors become more willing to take on added risk during stable periods, leading to increased asset prices?

A) Milton Friedman
B) Hyman Minsky
C) Al Gore
D) John Keynes

Hyman Minsky

An American economist known for his theories on financial instability and the inherent tendency of financial markets to move towards crisis.

Asset Bubbles

A situation where the price of an asset dramatically exceeds its intrinsic value, often due to speculative buying.