Thank you for asking me to join you today at this conference and to be a part of your continuing inquiry into how the ideas and legacy of Hyman Minsky can inform and shape our understanding of financial markets and the economy. This speech expands on remarks I made in March to the National Community Reinvestment Coalition, in which I explored the roles that monetary and bank regulatory policy play in reducing the unemployment, economic marginalization, and financial vulnerability of millions of moderate- and low-income working Americans. Today I am interested in continuing this exploration by examining an issue of ... (full story)