People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black Swans' - are inevitable. Some are likely to be desperately unpleasant too — 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
