As readers of this blog probably already know, I think that it is a bit misleading to call this crisis the “Minsky moment” or the “Minsky crisis”. It was the culmination of the “Minsky half-century” during which Wall Street (re)-financialized the economy, creating Money Manager Capitalism. I gave background to the reporter for this story, but the BBC chose to focus on the somewhat more conventional interpretation. Still, this is very worthwhile listening:
Did Hyman Minsky find the secret behind financial crashes?
http://www.bbc.com/news/magazine-26680993
Analysis: Why Minsky Matters is broadcast on BBC Radio 4 at 20:30 GMT, 24 March 2014
