Quote by Hyman Minsky
"The essence of capitalism is cyclical. Booms inevitably lead to busts when expectations are not met."
"The essence of capitalism is cyclical. Booms inevitably lead to busts when expectations are not met."
"Stability is destabilizing."
"The economy is not a machine, it is an evolving complex system."
"In a world of uncertainty and changing institutions, the forward-looking behavior of economic units depends on the state of long-term expectations."
"Capitalism is a flawed system, but it is the system we have."