Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.

A growing nation is the greatest ponzi game ever contrived.

Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be.

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows.

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

Let those who will write the nation's laws, if I can write its textbooks.