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.

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

A full and fair discussion is essential to democracy.

I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I might end up in the loony bin. But when I made my way in the world I wanted to indulge myself in my fantasies to the extent that I could afford.

The generally accepted theory is that financial markets tend towards equilibrium, and...discount the future correctly. I operate using a different theory, according to which financial markets cannot possibly discount the future correctly because the do not merely discount the future; they help to shape it.

I am for maximum supervision and minimum regulation.