Thursday, August 23, 2007

Minsky - I do it for fg (amv)

My friend and co-blogger fg is in Italy. Thus, I feel obliged to post from Herdentrieb a recent entry on "Minsky and the Crises' of Capitalism" written by Fabian Lindner. Since fg is a real expert on Minsky he would have mentioned it ... I am actually not convinced by Minsky's qualities to explain booms and busts though he is exceptionally strong in some of his descriptions (e.g., the shift from hedge- to Ponzi-financing). Ta-ta.