I Chose America As My Home Because

The People Currently In Charge Have Forgotten The First Principle Of An Open Society, Namely That We May Be Wrong And That There Has To Be Free Discussion. That It's Possible To Be Opposed To The Policies Without Being Unpatriotic.

I Wish I Could Write A Book That Will Be Read For As Long As Our Civilization Lasts. I Would Value It Much More Highly Than Any Business Success If I Could Contribute To An Understanding Of The World In Which We Live Or, Better Yet, If I Could Help To Preserve The Economic And Political System That Has Allowed Me To Flourish As A Participant.

Once A Trend Is Established It Tends To Persist And To Run It’s Full Course.

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.

The Securitisation Of Mortgages Added A New Dimension Of Systemic Risk. Financial Engineers Claimed They Were Reducing Risks Through Geographic Diversification: In Fact They Were Increasing Them By Creating An Agency Problem. The Agents Were More Interested In Maximising Fee Income Than In Protecting The Interests Of Bondholders. That Is The Verity That Was Ignored By Regulators And Market Participants Alike.