Debunking Economics - the podcast cover image

Another financial crisis that we all end up paying for

Debunking Economics - the podcast

00:00

The Ponzi Scheme and the Financial Sector

Donnie Yellen spoke at a Levy Institute conference, where Heimann Minsky did his final years of working. She gave a speech in 2005 about how great it was to have all these new financial instruments that were managing risk better. And then she came back a year or so later and said they dramatically increased risk. So you don't need any agency for that.

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