#13 Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask
The MMT Podcast with Patricia Pino & Christian Reilly
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Understanding Minskyan Fragility and Financial Crises
This chapter explores Hyman Minsky's theories on economic fragility within the banking system, tracing the shift from regulation to deregulation leading up to the 2008 financial crisis. It emphasizes how historical financial events failed to impart crucial lessons, resulting in larger systemic failures that exemplify Minsky's predictions.
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