Quote by Hyman Minsky
"The more leveraged the system becomes, the more sensitive it is to changes in sentiment."
"The more leveraged the system becomes, the more sensitive it is to changes in sentiment."
"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."