I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.

Markets are imperfect. So you do need regulation, knowing that the regulators are also human.

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

Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom of a more profound misalignment. The profitability of the finance industry has been excessive. [...] That was absurd.

I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.

Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.

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