Quotessence
Home / Quotes / Quote by Hyman Minsky

Quote by Hyman Minsky

“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.”

Quote by Hyman Minsky

Create image

Author

Hyman Minsky
Hyman Minsky

Hyman Minsky was a renowned economist, born on September 23, 1919, and passed away on October 24, 1996. He had a profound impact on the field of economics, particularly in the areas of financial instability and macroeconomic policy. more

You May Also Like

“But if the 1 percent and the 0.1 percent are respected and allowed to risk their wealth - and new rebels are allowed to rise up and challenge them - America will continue to be the land where the last regularly become the first by serving others.”

IfsFirstsLastsAmericaPoliticalPoliticsChallengesWealthRiskLandPercentServingRebelServing Others
Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
Create image

“During World War II, Joseph Stalin was once asked by an American writer, according to Professor Dean Russell, how he could justify conscripting all the property of all the people for use by the government to fight the war. Stalin answered by asking why they considered it more immoral and illogical to conscript lifeless property than to conscript life itself, as was being done in the United States and all other capitalistic countries. His American challenger had no answer, because there was no answer.”

PeopleWorldWarCountryStatesDoneUseGovernmentPoliticalFightingPoliticsAnswersUnitedUnited StatesAskingPropertyWar Of The WorldsJustifyProfessorsWorld War IiWorld War IImmoralDeanBeing DoneIllogicalLifelessAmerican WriterAsking Why
Author:Ron Paul
Create image

“Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it.”

MenDoePoliticalValuesPoliticsWealthExistenceMoralProducePaperStandardsGunGoldProtectionExpectedObjectivesOwnersDestroyingArbitraryMortgageDestroyersCounterfeit
Book:Ayn Rand Novel Collection
Create image

“When the rich plunder the poor of his rights, it becomes an example for the poor to plunder the rich of his property, for the rights of the one are as much property to him as wealth is property to the other, and the little all is as dear as the much. It is only by setting out on just principles that men are trained to be just to each other; and it will always be found, that when the rich protect the rights of the poor, the poor will protect the property of the rich. But the guarantee, to be effectual, must be parliamentarily reciprocal.”

MenLittlesPoliticalFoundPoliticsWealthPoorPrinciplesRichRightsExampleProtectPropertyDearSettingSettingsGuaranteesPlunderReciprocal
Book:The Political Writings of Thomas Paine ...: Prospects on the Rubicon. Rights of man, part I. Rights of man, part II. Letter to the authors of the Republican. Letter to the Abbe Sieyes. Address to the addressers. Letters to Lord Onslow. Dissertation on the first principles of government. Speech delivered in the French National convention. Letter to Mr. Secretary Dundas. The decline and fall of the English system of finance. Letter to the people of France. Reasons for preserving the life of Louis
Create image

“The government should cultivate the view also among the propertyless classes of the population, those who are the most numerous and the least educated, that the state is not only an institution of necessity but also of welfare. By recognizable and direct advantages they must be led to look upon the state not as an agency devised solely for the protection of the better-situated classes of society but also as one serving their needs and interests.”

NeedsShouldLooksStatesGovernmentPoliticalPoliticsInterestViewsClassAdvantageDirectInstitutionsPopulationProtectionEducatedWelfareAgencyLook UpServingClasses Of Society
Author:Otto von Bismarck
Create image