明斯基将该过程划分为三阶段。
明斯基的警告将逐渐消失。
明斯基对三种筹措资金的行为做了区分。
明斯基：我们要给机器赋予智慧，让他们有自我意识！
MINSKY: We're going to make machines intelligent. We are going to make them conscious!
明斯基的结论令人不安。经济稳定孕育不稳定。
Minsky's conclusion was unsettling. Economic stability breeds instability.
在大萧条期间长大的明斯基一心扑在了思考和研究灾难上面。
Having grown up during the Depression, Minsky was minded to dwell on disaster.
另一位是海曼·明斯基，他的主要观点是稳定导致过多债务从而引发崩溃。
Another is Hyman Minsky, whose main insight was that stability leads to too much debt, and then to collapse.
明斯基的工作或许补充了他们的研究，但是他们却没有提及它。
Minsky's work might have complemented theirs, but they did not refer to it.
明斯基主张认为，经济稳定总是助长更高的杠杆比率以及野心勃勃的债务结构。
Minsky argued that economic stability encouraged ever greater leverage and ambitious debt structures.
海曼·明斯基——一位20世纪的美国经济学家——对这一观点的论述尤其著名。
This view was famously expounded by Hyman Minsky, a 20th-century American economist.
1996年过世的美国经济学家海曼·明斯基曾说，财务循环导致经济的动荡不堪。
Hyman Minsky, an American economist who died in 1996, said that the financial cycle led to economic volatility.
明斯基去世后，其他人开始纠正这种疏漏，将他的理论移植到通用模型中。
Since Minsky's death, others have started to correct the oversight, grafting his theories onto general models.
这个由德国艺术家贝蒂娜·卡明斯基制作的5毫米高的泰迪熊是世界上最小的泰迪熊。
At 5mm tall, this teddy bear by German artist Bettina Kaminski is the World's Smallest teddy bear.
如果明斯基终其一生保持远离焦点，这至少部分是因为他的途径有意回避了学术惯例。
If Minsky remained far from the limelight throughout his life, it is at least in part because his approach shunned academic conventions.
明斯基认为，金融体系对夸大经济周期起到了很大作用，而传统理论对此并没有给予足够的重视。
Minsky argued that the financial system played a big role in exaggerating the economic cycle, one that was understated by conventional theory.
明斯基留给我们的理念更多地与关注正确的事情有关，而不是正确地构建可量化模型。
Minsky's legacy has more to do with focusing on the right things than correctly structuring quantifiable models.
海曼·明斯基在1982年写了一本书《“它”还会发生吗？》，提升了发生又一场大萧条的可能性。
Hyman Minsky wrote a 1982 book, "Can 'it' Happen Again?," that raised the possibility of a new depression.
明斯基，海曼，稳定不稳定的经济[M]，纽黑文、伦敦：耶鲁大学出版社，1986年；
Minsky, , Hyman P. , Stabilizing an Unstable Economy[M], New Haven and London: Yale University Press, 1986.
然而，作为有时是与世隔绝的经济学世界的局外人，直到最近，明斯基的影响力都是有限的。
Yet as an outsider in the sometimes cloistered world of economics, Minsky's influence was, until recently, limited.
或许；但ECR是一个由保守党自己召集和控制的组织，并且在他们的支持下卡明斯基成为其头目。
Perhaps; but the ECR is a group that the Tories have themselves convened and control-and of which, with their support, Mr Kaminski is now head.
费雪从负债过度和通货紧缩的角度、明斯基等学者从经济周期的角度分析了金融系统的内在不稳定性。
Fisher put forward the over-indebtedness and deflation theory to analyze the instability of the financial system while Minsky carried out his analysis from the economic cycle Angle.
在明斯基自己已将凯恩斯当成是偶像的情况下还把他的思想说成是对凯恩斯主义学说的一种批判似乎有点奇怪。
It is perhaps odd to describe his ideas as a critique of Keynesian doctrine when Minsky himself idolised Keynes.
“最高法院对第一修正案权利的态度真的很坚决。”耶鲁大学法学院信息社会项目执行主任玛格·卡明斯基说道。
"The Supreme Court has been really strong on First Amendment rights," said Margot Kaminski, executive director of the Information Society Project at Yale Law School.
这听似卡尔·马克思的论断，但这是海曼·明斯基的基本视角。这位20世纪中期的经济学家的声誉正有所好转。
That sounds like Karl Marx but it is the basic insight of Hyman Minsky, an economist of the mid-20th century whose reputation is being revived.
从费雪的负债-通货紧缩理论，到明斯基的金融不稳定假说，都在不同程度上使泡沫经济与金融危机获得了解释。
From the Fisher's debt-deflation theory to Minsky's finance unstable hypothesis, the theories explained financial crisis in varying degrees.
2005年，国际清算银行的一份论文在构建一个人们如何在出现损失后评估自己资产的模型时也曾引用过明斯基。
A 2005 paper for the bank for International Settlements, a forum for central Banks, drew on Minsky in building a model of how people assess their assets after making losses.
由于过度放债的银行和零首付抵押贷款在全球金融危机后仍旧记忆犹新，明斯基的这种真知灼见可能听起来很明显。
With overleveraged Banks and no-money-down mortgages still fresh in the mind after the global financial crisis, Minsky's insight might sound obvious.
但是，此前数年，明斯基就已经痛击了有效理论的另一个支柱：他指出，鉴于稳定仅是一种转瞬即逝的幻觉，金融体系中的深层次力量将其推向困境。
But years earlier Minsky had attacked another: deep-seated forces in financial systems propel them towards trouble, he argued, with stability only ever a fleeting illusion.
但是，此前数年，明斯基就已经痛击了有效理论的另一个支柱：他指出，鉴于稳定仅是一种转瞬即逝的幻觉，金融体系中的深层次力量将其推向困境。
But years earlier Minsky had attacked another: deep-seated forces in financial systems propel them towards trouble, he argued, with stability only ever a fleeting illusion.
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