When bond prices fall, interest rates soar, with painful consequences for all borrowers.

To make a living space, there first had to be a killing space.

In the financial sector, those whom the gods want to destroy they first teach math.

Empires, essentially, create order. In their absence, you don't end up with lots of happy, little nation-states full of people sitting around campfires singing John Lennon's "Imagine." What you end up with is civil war, anarchy.

No civilization, no matter how mighty it may appear to itself, is indestructible.

Between 1980 and 2000 the number of patents registered in Israel was 7652 compared with 367 for all the Arab countries combined.

The law of unintended consequences is the only real law of history.