"In a world of businessmen and financial intermediaries……" — Hyman Minsky

In a world of businessmen and financial intermediaries who aggressively seek profit,… - Hyman Minsky
"In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy."

Hyman Minsky

3 Quotes by Hyman Minsky

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