Fragility is the quality of things that are vulnerable to volatility.
Bailing out every bank that fails makes the system riskier, not safer.
Debt is a mistake between lender and borrower, and both should suffer.
Governments that try to shoot for a surplus hardly ever reach it.
The opposite of manliness isn’t cowardice; it’s technology.
Alan Greenspan is unskilled; you don’t take the unskilled seriously.
All of technology, really, is about maximizing free options.