Janet Yellen at the FED is equivalent to having a biology schoolteacher who has never seen blood perform brain surgery.

In poor countries, officials receive explicit bribes; in D.C. they get the sophisticated, implicit, unspoken promise to work for large corporations

You find peace by coming to terms with what you don't know.

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

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

They think that intelligence is about noticing things are relevant (detecting patterns); in a complex world, intelligence consists in ignoring things that are irrelevant (avoiding false patterns)

We tend to use knowledge as therapy.