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" Being an economist is the least ethical profession, closer to charlatanism than any science. "

Nassim Nicholas Taleb

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" I don't read the papers; I stopped reading the papers. I read the papers only during periods of crisis, and I think papers are too long on a regular day and too short days when we have a crisis. "

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" Most people are sceptical about the wrong things and gullible about the wrong things. "

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" The mortgage crisis is a clear instance of consumers who needed protection. There was predatory lending to people who didn't know what they were doing. "

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" The Internet allows the small guy a global marketplace. But technology is harmful in the sense that we get too much information from it. Because of the web we get 10 times the amount of noise we ever got, which makes harmful fallacies far more likely. "

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" Globalization has created this interlocking fragility. At no time in the history of the universe has the cancellation of a Christmas order in New York meant layoffs in China. "

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" The best philosophers were not academics, but had another job, so their philosophy was not corrupted by careerism. "

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" A country's assets reside in the tinkerers, the hobbyists, and the risk-takers. "

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" If you are an Arabic-speaking, Greek-Orthodox going to a French school it makes you deeply sceptical if you have to listen to three different accounts of the Crusades - one from the Muslim side, one from the Greek side and one from the Catholic side. "

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" I'm in favour of religion as a tamer of arrogance. For a Greek Orthodox, the idea of God as creator outside the human is not God in God's terms. My God isn't the God of George Bush. "

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" I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged. "

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" We humans lack imagination, to the point of not even knowing what tomorrow's important things will look like. "

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" The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine. "

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" The world we live in is vastly different from the world we think we live in. "

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" Bailing out every bank that fails makes the system riskier, not safer. "

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" If you are in banking and lending, surprise outcomes are likely to be negative for you. "

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" What America does best is produce the ability to accept failure. "

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" If you take risks and face your fate with dignity, there is nothing you can do that makes you small; if you don't take risks, there is nothing you can do that makes you grand, nothing. "

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" The grandchildren should not bear the debts of the grandparents. "

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" Deficits are like putting dynamite in the hands of children. They can get out of control very quickly. "

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" In the United States, large corporations control some members of Congress. All this does is delay the corporation's funeral at our expense. "

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" I drive a hybrid, moving into an electric car. I only drink tap water, never consume food that's travelled. "

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" Capitalism is about adventurers who get harmed by their mistakes, not people who harm others with their mistakes. "

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" When you write, you don't have the social constraints of having people in front of you, so you talk about abstract matters. "

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" I don't know anyone on Wall Street who goes to work every day thinking of anything but how to increase their bonus. "

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" Failure saves lives. In the airline industry, every time a plane crashes the probability of the next crash is lowered by that. The Titanic saved lives because we're building bigger and bigger ships. So these people died, but we have effectively improved the safety of the system, and nothing failed in vain. "

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" I'm a private intellectual, not a public one. "

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" Banking is a very treacherous business because you don't realize it is risky until it is too late. It is like calm waters that deliver huge storms. "

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" We should ban banks from risk-taking because society is going to pay the price. "

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" Fragility is the quality of things that are vulnerable to volatility. "

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" Paul Krugman is a danger to society! "

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