Quote by Hyman Minsky
"The pursuit of cost minimization often leads to the creation of systemic risk."
"The pursuit of cost minimization often leads to the creation of systemic risk."
"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."