If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility. Niall Ferguson
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More Quotes By Niall Ferguson
  1. It's all very well for us to sit here in the west with our high incomes and cushy lives, and say it's immoral to violate the sovereignty of another state. But if the effect of that is to bring people in that country economic and...

  2. So much of liberalism in its classical sense is taken for granted in the west today and even disrespected. We take freedom for granted, and because of this we don't understand how incredibly vulnerable it is.

  3. There can be no understanding without that sympathy which puts us, through the imagination, and (another's) situation.

  4. The bacteriologist, often risking his life to find cures for lethal afflictions, was another kind of imperial hero, as brave in his way as the soldier-explorer.

  5. After 1968 the restored communist regime required all Czech rock musicians to sit a written exam in Marxism Leninism

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