"The missing step in the standard Keynesian theory [is] the explicit consideration of capitalist finance within a cyclical and speculative context. As recovery approaches full employment...soothsayers will proclaim that the business cycle has been banished [and] debts can be taken on. But in truth neither the boom, nor the debt deflation...and certainly not a recovery can go on forever. Each state nurtures forces that lead to its own destruction." Hyman Minsky "Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity." William Butler Yeats
