When history repeats itself, the first time is a tragedy; the next is a farce.…
Minsky and Dynamic Macroprudential Regulation Jan Kregel
Minsky argued for a dynamic regulatory structure to deal with financial instability; the key is to regulate the growth of assets relative to the GDP growth for a country.
Minsky (Download the full text in PDF format)
(This article is originally published in PSL Quarterly Review, vol. 67 n. 269(2014), 217-238.)