analyzed within the article Minsky’s Money Manager Capitalism and the Global Financial Crisis by L. Randall Wray, where Wray argues the recent crisis has been caused by decades of previous bad behavior and ignorant decision making. By examining the works of Randall Wray with Robert Shiller, we can see that the economy is driven by many emotions, most notably greed, gossip, and confidence. People are easily deceived by something that just appears to be there, but in reality may not be. Wealth is a…
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