Central banks cannot prevent financial instability through p... - Hyman Minsky

"Central banks cannot prevent financial instability through policy alone; the system contains inherent contradictions."

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."