Click for radio segment.

Source: BBC Radio 4

Category: Cycles, Digital Media, Sentiment, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Why Minsky Matters”

  1. unnimama says:

    What Minsky missed was the corrupt collusion of bankers pushes the Minsky moment far beyond the plateaux where recovery is possible, tocanyons where only systemic crashes can restore the normal.

  2. constantnormal says:

    … “stability” is a dynamic and effervescent quality, an oxymoron that is one of Reality’s little teases … a bicycle can roll along for a little while without a rider, but it goes much farther with a rider who knows how to ride, shifting their balance from one side to the other … however, it takes something more than human to manage the side-to-side shifting required to keep an economy composed of millions of complicated humans from crashing and burning … 

  3. esop says:

    Change begets change. Nothing propagates so fast. If a man habituated to a narrow circle of cares and pleasures, out of which he seldom travels, step beyond it, though for never so brief a space, his departure from the monotonous scene on which he has been an actor of importance, would seem to be the signal for instant confusion. As if, in the gap he had left, the wedge of change were driven to the head, rending what was a solid mass to fragments, things cemented and held together by the usages of years, burst asunder in as many weeks. The mine which Time has slowly dug beneath familiar objects is sprung in an instant; and what was rock before, becomes but sand and dust.

    Life And Adventures Of Martin Chuzzlewit