Quote by Hyman Minsky
"The hedge finance, speculative finance, and Ponzi finance framework explains market dynamics better than equilibrium models."
"The hedge finance, speculative finance, and Ponzi finance framework explains market dynamics better than equilibrium models."
"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."