Collaboration is risky. If it fails, if the occupation is wound up prematurely and the bad guys come back to power, you might find yourself in some serious trouble.
Niall FergusonIf the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.
Niall FergusonIn Stalin's Russia racial persecution was often disguised as class warfare. More than 1.5 million members of ethnic minorities died as a result of forced resettlement.
Niall FergusonYou really struggle to be a successful empire if you are also the world's biggest debtor.
Niall Ferguson