In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.

People are much less interested in what you are trying to show them than what you are trying to hide.

Things always become obvious after the fact

Forecasting by bureaucrats tends to be used for anxiety relief rather than for adequate policy making.

People work out, they stress their body, and their body gets stronger from stress.

If my detractors knew me better they would hate me even more.

If you let markets - in general, my belief is that if you let markets give you information, they'll give you the information rather than artificially prop up everything.