The Assumption Of Perfect Knowledge Is Very

Every Bubble Has Two Components: Something - Some Real Trend, And A Misconception About That Trend.

We Are The Most Powerful Nation On Earth. No External Power, No Terrorist Organization Can Defeat Us. But We Can Defeat Ourselves By Getting Caught In A Quagmire.

Giving Government Aid To A Bank Basically Transforms It Into A Utility. The Huge Salaries In This Sector Are Only A Symptom Of A More Profound Misalignment. The Profitability Of The Finance Industry Has Been Excessive. [...] That Was Absurd.

We In The United States Are Very Often - Since We Are A Democracy And We Have National Interests, We've Often Made The Mistake That A Democracy Has To Adopt America's Interests, And That Is A Contradiction Because A Democracy Basically Is People Deciding What Their Interests Are.

When I Had Made More Money Than I Needed For Myself And My Family, I Set Up A Foundation To Promote The Values And Principles Of A Free And Open Society.