Quote by Hyman Minsky
"Asset bubbles form because humans are not rational calculators. We are social creatures prone to herding."
"Asset bubbles form because humans are not rational calculators. We are social creatures prone to herding."
"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."