Quote by Hyman Minsky
"Innovation in finance typically means finding new ways to increase leverage and reduce transparency."
"Innovation in finance typically means finding new ways to increase leverage and reduce transparency."
"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."