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Thursday, December 18, 2008

Ponzi Schemes and Hyman Minsky

Nice post by Mike. But I would like to add that Ponzi schemes were one highlight of heterodox economist Hyman Minsky's Financial Instability Hypothesis - a good degree of which has (and is) proven to shed the greatest amount of light on our current predicament.

Who knows how many other Ponzi schemes went on un-noticed during the era of free and easy money....

1 comment:

Anonymous said...

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