The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors… — Martin Wolf Copy Share Image
“A country with secure property rights, scientific inquiry and technological innovation will become richer. But, since division of labour is limited by the size… — Martin Wolf Copy Share Image
The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense. — Martin Wolf Copy Share Image
“The attempt to resolve its problems by turning the Eurozone into a bigger Germany is going to prove unworkable. If this is not understood… — Martin Wolf Copy Share Image
The essence of the contemporary monetary system is creation of money, out of nothing, by private banks' often foolish lending. — Martin Wolf Copy Share Image
There is no room for being creative in today’s business... Except for finding creative ways to be inefficient. — Martin Wolf Copy Share Image
The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland… — Martin Wolf Copy Share Image
Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existed—and never will — Martin Wolf Copy Share Image
People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black… — Martin Wolf Copy Share Image
Cultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the cultures we… — Martin Wolf Copy Share Image
“Governments had socialized the liabilities of the core institutions of the global financial system.” — Martin Wolf Copy Share Image
“In a country supposedly dedicated to the ideals of market economics, arguably the most important social function of finance – lending for home purchase – had… — Martin Wolf Copy Share Image
