The article "Stabilizing an Unstable Economy" discusses how the American economy goes through periods of instability due to risky lending practices and speculative finance. It explains why we see inflation, unemployment, and economic slowdowns, and how the current credit crisis was predicted. The authors emphasize the importance of government intervention during times of high unemployment and the need for better oversight of banks by the Federal Reserve. The ideas presented by Hyman Minsky are gaining attention in today's financial markets, with experts using the term "Minsky moment" to describe the current economic turbulence.