Quote by Hyman Minsky
"Risk in financial markets is not what standard models suggest. It is much more dangerous than that."
"Risk in financial markets is not what standard models suggest. It is much more dangerous than that."
"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."