"Not born to be rich, by 1981 I had nonetheless begun to use a PC that required for its operation the absorption of several hundred pages of protocols and the placement of very large floppy disks in the freezer to fix frequent crashes."

Next Quote

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.

— Hyman Minsky