Misconceptions play a prominent role in my view of the world.

A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.

Every bubble has two components: something - some real trend, and a misconception about that trend.

The key problem is the debt restructuring in the euro zone. As long as the debt burden is not reduced, there is no chance of the weaker EU countries regaining competitiveness.

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.