The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

Those who do not think that employment is systemic slavery are either blind or employed.

Realism is punishing. Probabilistic skepticism is worse.

I'd rather have the market tell us what - I'd rather have events precipitate events, rather than just sit there like passive people in Washington.

What America does best is produce the ability to accept failure.

Few understand that procrastination is our natural defense, letting things take care of themselves and exercise their antifragility; it results from some ecological or naturalistic wisdom, and is not always bad - at an existential level, it is my body rebelling against its entrapment. It is my soul fighting the Procrustean bed of modernity.

Never think that lack of variability is stability. Don't confuse lack of volatility with stability, ever.