Right at the beginning of all of this [Ukraine to join NATO], serious senior statesmen, people like [George] Kennan for example and others warned that the expansion of NATO to the east is going to cause a disaster. I mean, it's like having the Warsaw Pact on the Mexican border. It's inconceivable. And others, senior people warned about this, but policymakers didn't care. Just go ahead.

The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

It was reported in the left-wing press in the late 1930s that the Texas Company (Texaco), headed by the Nazi sympathizer Torkild Rieber, diverted its oil shipments from the Republic, with which it had contracts, to [Francisco] Franco.

I think the activism of the 1960s had a very definite civilizing effect on the whole society in all kinds of ways. So lots of things that by now are almost taken for granted were heretical in the 1960s. We had anti-sodomy laws until not many years ago.

In the pre-capitalist world, everyone had a place. It might not have been a very nice place, even maybe a horrible place, but at least they had some place in the spectrum of the society and they had some kind of a right to live in the place. Now that's inconsistent with capitalism, which denies the right to live. You have only the right to remain on the labour market.

If you take an economics or a political science course, you're taught that humans are supposed to be rational wealth accumulators, each acting as an individual to maximize his own wealth in the market.

If it's wrong when they do it, it's wrong when we do it.