Quote by Hyman Minsky
"Innovation without regulation in finance is like driving without traffic laws. Catastrophe is inevitable."
"Innovation without regulation in finance is like driving without traffic laws. Catastrophe is inevitable."
"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."