Quote by Hyman Minsky
"Asset prices are determined by the expectations and emotions of investors, not by value alone."
"Asset prices are determined by the expectations and emotions of investors, not by value alone."
"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."