Hyman Minsky

In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes…

— Hyman Minsky

If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a…

— Hyman Minsky

Success breeds a disregard of the possibility of failure.

— Hyman Minsky

Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify…

— Hyman Minsky

Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when…

— Hyman Minsky