Quote by Hyman Minsky
"The hedge finance stage gives way to speculative finance, which inevitably leads to Ponzi finance."
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."