We are not smart enough to leave things to the market.

We are not smart enough to leave things to the market.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

The invention of the printing press was one of the most important events in human history.

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.

Low inflation and government prudence may be harmful for economic development.