Monday :: Mar 8, 2010

Open Thread


by Mary

Minsky gets some much deserved attention. And Paul Krugman discusses a paper which explored what factors were the same between Ireland and the USA because that can help identify the actual causes for the financial industry collapse. It's pretty interesting how Minsky's theory matches what the Irish economists say drove the financial collapse there and how those same factors show up in spades in the USA failure too.

[Ed: updated to clean up grammar.]

Mary :: 12:00 AM :: Comments (1) :: Digg It!