Who was Hyman Philip Minsky?
Q: Who was Hyman Philip Minsky?
A: Hyman Philip Minsky was an American economist and a professor of economics at Washington University in St. Louis.
Q: Where was Minsky born?
A: Minsky was born in Chicago, Illinois.
Q: What is Minsky's contribution to economics?
A: Minsky gave an explanation of financial crises, caused by swings in a potentially fragile financial system.
Q: How is Minsky described as an economist?
A: Minsky is sometimes described as a post-Keynesian economist because, like Keynes, he supported some government intervention in financial markets.
Q: What were Minsky's stance on financial deregulation policies?
A: Minsky opposed some of the financial deregulation policies popular in the 1980s.
Q: What was Minsky's opinion on the Federal Reserve?
A: Minsky supported the Federal Reserve as a "lender of last resort" (which means he thought it right for the Fed to bail out banks which might go bust).
Q: What did Minsky argue against in the financial markets?
A: Minsky argued against too much private debt in the financial markets.
