This also points to a dark side to the moderation. Hyman Minsky, - TopicsExpress

This also points to a dark side to the moderation. Hyman Minsky, an economist who died in 1996, argued that long periods of stability are ultimately destabilising. When assets are less volatile, buying them with borrowed money seems safer. Financial innovation exploits the demand for leverage with products like subprime mortgages. Read more: businessinsider/theres-no-volatility-in-the-economy--and-that-could-be-a-problem-2014-5#ixzz32gAaibyt

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