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

- Martin Wolf

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

- Martin Wolf

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

- Martin Wolf

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

- Martin Wolf

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…

- Martin Wolf

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

- Martin Wolf

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

- Martin Wolf

Sustaining growth is the century's big challenge.

- Martin Wolf

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…

- Martin Wolf