Quote by Hyman Minsky
"Banking crises are not exogenous shocks but endogenous features of the system."
"Banking crises are not exogenous shocks but endogenous features of the system."
"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."