Lessons from the Subprime Meltdown

L. Randall Wray

Challenge, 2008, vol. 51, issue 2, pages 40-68

Abstract: This student of Hyman Minsky uses the late economist's analysis to document the history of the current credit crisis. It amounts to a strong case against deregulation and a thorough understanding of the limits of markets. The author presents recommendations for future public policy.

Date: 2008

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Working Paper: Lessons from the Subprime Meltdown (2007)
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