Season 1 · Episode 325
A long way from a Minsky moment
Who was Hyman Minsky and what was his Financial Instability Hypothesis?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
November 16, 202239m 57s
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Show Notes
During the last big financial crisis there was a lot of talk about the work of Hyman Minsky. Even Janet Yellen, at the time the chair of the San Francisco Fed, said there were a lot of lessons in his work for central bankers. What did she mean? Or, as Steve Keen asks, has she actually read any of his work? This week Phil asks Steve what was the thinking behind Minsky’s Financial Instability Hypothesis. And what was a Minsky moment, and why are we so far from one right now?
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