The Financial Crisis Was a Minsky Moment but We Live in Strange Times


Naked Capitalism has the article The Financial Crisis Was a Minsky Moment but We Live in Strange Times. I can’t find just the right excerpt to put here to do the article justice. Instead, I will quote one of the comments. The comment is a spoiler in that it gives away the joke of the title.

Susan Strange seems to have been a catalyst for a lot of what was at the time subversive economic thought. I would predict that as time goes along a lot of the economic ‘stars’ such as Milton Friedman will be revealed for the frauds that they were and that anybody who has won a (made up) Nobel Prize in Economics would also be suspect.

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