I'm a capitalist but one who is smallist and localist, and who favours businesses where owners are still in charge.

Karl Marx, a visionary, figured out that you can control a slave much better by convincing him he is an employee.

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

Economics make homeopath and alternative healers look empirical and scientific.

An elephant is vastly more efficient, metabolically, than a mouse. It's the same for a megacity as opposed to a village. But an elephant can break a leg very easily, whereas you can toss a mouse out of a window and it'll be fine. Size makes you fragile.

The central idea in The Black Swan is that: rare events cannot be estimated from empirical observation since they are rare.

The best way to measure the loss of intellectual sophistication - this "nerdification," to put it bluntly - is in the growing disappearance of sarcasm, as mechanic minds take insults a bit too literally.