Quote by Hyman Minsky
"The financial system works fine until suddenly it doesn't. There is no gradual transition to crisis."
"The financial system works fine until suddenly it doesn't. There is no gradual transition to crisis."
"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."