The aim of academic trade theory is to tell students, "Look at the model, not at how nations actually develop." So of all the branches of economic theory, trade theory is the most wrongheaded.

We go forward with our heads held high, but look back and remember where we come from.

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.

The one sure mark of a con, though, is the promise of free money.

What's bad for the frackers usually is good for the rest of the world.

Nothing could be better for the economy than to get rid of fracking.

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy.

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.

To the deficit commission, a depression is the solution to the problem, not a problem.

Grief is depression in proportion to circumstance

Q: How can I help myself?A: By remembering the proverb: ‘The Path is not to be found anywhere except in human service’, from Saadi.

I cannot do everything but still I can do something and because I cannot do everything I will not refuse to do something that I can do.

The spirit of what we do is that you do what you feel and when you feel it and not feel you have to be something you're not: you have to be honest to yourself.

I would like to ask a question. Would this sort of war or savage bombing which has taken place in Vietnam have been tolerated for so long, had the people been European?

Dr Johnson said, the inscription should have been in Latin, as every thing intended to be universal and permanent, should be.

True liberty is not liberty to do evil as well as good.

I don't like the word soon because you don't know when it's going to sneak up on you and turn into NOW. Or maybe it'll be the kind of soon that never happens.

Art is not always meant to be decorative or soothing, in fact, it can create uncomfortable conversations and stimulate uncomfortable emotions.

Governments have budgets but no money, companies have money but no budgets.