It is much easier to put existing resources to better use, than to develop resources where they do not exist.

The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it's possible to be opposed to the policies without being unpatriotic.

There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.

The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.

When money is free, the rational lender will keep on lending until there is no one else to lend to.

The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.

I fancied myself as some kind of god or an economic reformer like Keynes