September Quote of the Month

Hyman Minsky:

“Instability is an inherent and inescapable flaw of capitalism.”

Rightardia comment: Hyman Minsky was one of those amazing men who didn't buy into convention and peered into the dark corners of capitalism such as poverty. He predicted the Great Depression could happen again.

"A contrarian amid the conformity of postwar America, an expert in the then-unfashionable subfields of finance and crisis, Minsky was one economist who saw what was coming. He predicted, decades ago, almost exactly the kind of meltdown that recently hammered the global economy."

Source: http://www.boston.com/bostonglobe/ideas/articles/2009/09/13/why_capitalism_fails/?page=1

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