Quote by Hyman Minsky
"Innovation in financial instruments often serves to hide risk rather than reduce it."
"Innovation in financial instruments often serves to hide risk rather than reduce it."
"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."