Quote by Hyman Minsky
"Corporate debt financing through equity markets creates moral hazard and misaligned incentives."
"Corporate debt financing through equity markets creates moral hazard and misaligned incentives."
"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."