Sometimes time actually works against you if you refuse to face the relevant issues and explain to the public what is at stake.

However, even a strong government can't perform miracles. It needs money from the taxpayers.

If the bubbles contain a misconception, as they always do, then it can't be maintained forever.

Making an investment decision is like formulating a scientific hypothesis and submitting it to a practical test. The main difference is that the hypothesis that underlies an investment decision is intended to make money and not to establish a universally valid generalization.

I chose America as my home because I value freedom and democracy, civil liberties and an open society.

Revolutions usually start with enthusiasm and end in tears.

The lower interest rates fueled housing and consumption booms in countries such as Spain and Ireland. At the same time, Germany, struggling with the burdens of reunification, tightened its belt and became more competitive. All this led to a wide divergence in economic performance. Europe became divided into creditor and debtor countries.