What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits.

I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful - but also very harmful to our society.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.

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

I rely a great deal on animal instincts.

Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.