Hyman Minsky Quote: Unless we understand what it is that ...

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.

- Hyman Minsky

Hyman Minsky Quotes

The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.

Topic(s): Firsts , War , Political , Nations , Economic , Economics , Prosperity , Ruins , Permanent , Temporary , Currency , Refuge , Inflation , Opportunist , Panacea , Political Economy , Economy And Economics More...

Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.

Topic(s): World , Past , Social , Liberty , Economic , Western , Over The Past More...

Bitcoin is simply a technology that, if adopted, moves society to an economic coordination point that can’t be controlled or diluted by the powers that be.

Topic(s): Economic , Society , Technological , Economic Freedom , Bitcoin , Cryptocurrency , Government And Society , Economic Independence , Losing Control , Transforming Society More...

Art is the beautiful way of doing things. Science is the effective way of doing things. Business is the economic way of doing things.

Topic(s): Way , Art , Beautiful , Science , Economic , Art Is More...

Capitalism is going to deal itself out of existence, but before it does that, you’re gonna pay $50 for a latte, because inflation is going impoverish all of us before people get pissed off enough to realize that all of the last hundred years of economic progress was actually a shell game to create billionaires, while the great masses of people saw their standard of living eroded and destroyed.