The financial crisis of 2007 made people pay attention to Hyman P. Minsky's ideas about how economies can become unstable. Minsky believed that financial crises are common and that government intervention is needed to prevent them. Many experts agree that Minsky's theories predicted the 2007 crisis. He argued that regulations should be based on how the financial system works and that policies should control instability while also addressing changes in behavior. Minsky's ideas challenge the belief that markets can regulate themselves without government intervention.