Tag: System
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Kennedy: “I’m Not That Interested in Space”
In 1957, The USSR launched Sputnik to orbit the Earth. Two years later, in 1959, the USSR orbited the moon with Luna 3. By April of 1961, the USSR put the first man in space: Yuri Gagarin. The U.S. needed to respond. In spring 1961, President John F. Kennedy approved a mission to land a…
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The Minsky Moment and the Inherent Flaws of a Free Market Economy
Hyman Minsky was an American economist and a professor of economics at Washington University in St. Louis. Minsky spent his life on the margins of economics but his ideas gained currency with the 2007-08 financial crisis. To many, it seemed to offer one of the most plausible accounts of why it had happened. Minsky wrote…