There is a certain category of fool-the overeducated, the academic, the journalist, the newspaper reader, the mechanistic scientist, the pseudo-empiricist, those endowed with what I call epistemic arrogance, this wonderful ability to discount what they did not see, the unobserved.

Don't read newspapers for the news (just for the gossip and, of course, profiles of authors). The best filter to know if the news matters is if you hear it in cafes, restaurants... or (again) parties.

Is the economy something organic or is it something engineered? I think it's closer to the organic. You harm it by artificially suppressing volatility in it.

I remind myself of Einstein's remark that common sense is nothing but a collection of misconceptions acquired by age 18.

My biggest problem with modernity may lie in the growing separation of the ethical and the legal

Love without sacrifice is like theft

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.