Quote by Hyman Minsky
"Financial innovation tends to increase systemic fragility rather than improve economic efficiency."
"Financial innovation tends to increase systemic fragility rather than improve economic efficiency."
"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."