Discount The Obvious, Bet On The Unexpected

There Is A Well-established Conviction That The Central Banks Always Do What Is Necessary To Keep The System Going And Then Afterwards You Then Take Care Of The Legal Aspects. In A Crisis, You Simply Do Not Have Time To Think About Such Concerns For Too Long.

Markets Are Imperfect. So You Do Need Regulation, Knowing That The Regulators Are Also Human.

Economics Seeks To Be A Science. Science Is Supposed To Be Objective And It Is Difficult To Be Scientific When The Subject Matter, The Participant In The Economic Process, Lacks Objectivity.

I Used To Be Opposed To The Idea Of Social Entrepreneurship. I Said, You Know, Let Business Be Business, And Philanthropy Be Philanthropy. Keep The Two Separate, Don't Mix It Up, And This Is What I Did, And I Did That Rather Successfully, But I Now Recognize That Actually You Do Need To Mix It Up And I Think There Is Room For Social Entrepreneurship.

The Global Crisis Is Caused By Pathologies Inherent In The Global Financial System Itself.