stopping them now on our show we've had a number of economists who have come on and referenced hyman minsky and that's the way to qana mr coined the phrase the instability of stability so to what degree has the work of hyman minsky informed your view on debt cycles. well i think i'm in minsk is is is a very important figure in the history of economic thought and certainly i've read a number of his things although i'm not an academic you know like when you're at the b. i-s. you're preparing one hundred meetings a year and you've got so much to do you don't really have time to sit down and read a lot of economic history but certainly high minsky and the idea that the banks could really get you into trouble that instability could breeds to sawrey stability could breed instability. in the medium term effects of ponzi schemes and the rest of it all of that really resonated with us but in addition i mean you have to go back to other thinkers to like vic's illinois high and. richard coo for that matter there's a lot of people who saw that there are a lot of different ways in which things can go wr