Invoking the work of economist Hyman Minsky, James Pethokoukis of USNews analyzes the arc of the Obama campaign as a financial bubble. He concludes with an open question asking whether the GOP may be experiencing its own bubble right now in the rising popularity of Sarah Palin. It’s an intersting and thought-provoking column.
UPDATE: I misremembered the title of William Friedkin’s 1968 film “The Night They Raided Minsky’s” for the heading of this post.
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