Stability leads to instability. The more stable things become and the longer things are stable, the more unstable … - Hyman Minsky

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Raising the minimum wage is very efficient. Everybody's on the same playing field, it's a very simple rule, it doesn't require a lot of administration, you don't have to negotiate anything. It just is what it is.

Hyman Minsky

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.

Crisis, Hits, Leads, Longer, Stability, Unstable

Same Author Quotes

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.

Control, Giving, Make, Needs, Normal, Result

Success breeds a disregard of the possibility of failure.

Breeds, Disregard, Possibility, Success

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.

Outpace, Portfolios, Ratios, World

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.

Activities, Banks, Financial, Institutions, Political, Politics

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I understand the impact of those kinds of factors on job creation. I will have a very different policy. My policy on energy is to take advantage of coal, oil, natural gas, as well as our renewables, and nuclear - make America the largest energy producer in the world.

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