Capitalism operates on the principle that debts must be paid... - Hyman Minsky

"Capitalism operates on the principle that debts must be paid, but this creates fragility when income streams disappoint."

Hyman Minsky Money

Economist Theorist American 1919–1996

More from Hyman Minsky

"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."

"Money is important, but it's not everything"

"Money doesn't buy happiness, but it buys things that make you forget you're unhappy."

"Money isn't everything."

"Money is meaningless without purpose."