Quote by Hyman Minsky
"Asset prices diverge from fundamental values due to speculation and herd behavior."
"Asset prices diverge from fundamental values due to speculation and herd behavior."
"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."