Quote by Hyman Minsky
"Monetary policy works through confidence and expectations, not through mechanical transmission mechanisms."
"Monetary policy works through confidence and expectations, not through mechanical transmission mechanisms."
"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."