We design policies assuming stable conditions, but stability... - Hyman Minsky

"We design policies assuming stable conditions, but stability itself is the problem because it enables excessive leverage."

Hyman Minsky Wisdom

Economist Theorist American 1919–1996

More from Hyman Minsky

"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."

"I'm not angry, I'm just disappointed."

"The best things in life are free."

"You can't have everything in life, but you can have what matters most."

"A woman's intuition is rarely wrong."