Public Policy Brief No. 120
October 13, 2011
Waiting for the Next Crash
The Minskyan Lessons We Failed to Learn
Senior Scholar L. Randall Wray lays out the numerous and critical ways in which we have failed to learn from the latest global financial crisis, and identifies the underlying trends and structural vulnerabilities that make it likely a new crisis is right around the corner. Wray also suggests some policy changes that would shore up the financial system while reinvigorating the real economy, including the clear separation of commercial and investment banking, and a universal job guarantee.
Public Policy Brief No. 120, 2011(324.50 KB)