Quote by Hyman Minsky
"When debt levels are high, the economy becomes fragile and vulnerable to any negative shock."
"When debt levels are high, the economy becomes fragile and vulnerable to any negative shock."
"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."