The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending..

Sustaining growth is the century's big challenge..

Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will.

The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland an….

Cultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the culture….

The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense..

People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black Swans' - are in….

There is no room for being creative in today’s business... Except for finding creative ways to be inefficient..

In order to change the system, we need to change our ideas..