Wray, L. Randall - Levy Economics Institute - 2011
of a nine-round bout. It is still conceivable that Minsky's "it"-a full-fledged debt deflation with failure of most of … the largest financial institutions-could happen again. Indeed, Minsky's work has enjoyed unprecedented interest, with many … calling this a "Minsky moment" or "Minsky crisis." However, most of those who channel Minsky locate the beginnings of the …