I am a fan of Hyman Minsky's work, but have not read — until now — any of his books. I am currently reading Stabilizing an Unstable Economy. Here is a timely quote, from Chapter 12, "Introduction to Policy", emphasizing our current plight both as to our political economy and misguided economic ideology/methodology

The trillion-dollar mortgage time bomb Risks are rising that Fannie Mae and Freddie Mac may need a government bailout that could cost far more than previous rescues. By Chris Isidore, CNNMoney.com senior writer April 21, 2008: 5:46 AM EDT NEW YORK (CNNMoney.com) -- Among the nightmares lurking aroun ...

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