“Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits.” CrisisStabilityStableUnstableInstability Author:Hyman Minsky
“Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it.” NeedsGivingEnoughResultsEconomyEconomicPolicyTheoryNormalFinancialHandlePhenomenonIdentifyingInstability Book:Stabilizing an Unstable Economy, Part 3 - Economic Theory Source: Stabilizing an Unstable Economy, Part 3 - Economic Theory
