Quote by Hyman Minsky
"The Great Moderation was a prelude to the Great Recession."
"The Great Moderation was a prelude to the Great Recession."
"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."