The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.

People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black Swans' - are inevitable. Some are likely to be desperately unpleasant too

Sustaining growth is the century's big challenge.

The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.

Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will

Cultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the cultures we possess vary enormously. Indeed, the variability, over time and space is the great evolutionary advantage of humanity. Instead of changing biologically over millennia, human beings can change culturally over decades

In order to change the system, we need to change our ideas.