Quote by Hyman Minsky
"Leverage magnifies both gains and losses, making financial systems inherently fragile."
"Leverage magnifies both gains and losses, making financial systems inherently fragile."
"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."