143 Quotes by Niall Ferguson

Machiavelli asks “whether it be better to be loved than feared or feared than loved?” He answers that “one should wish to be both, but, because it is difficult to unite them in one person, it is much safer to be feared than loved, when, of the two, either must be dispensed with.

There is in fact no such thing as the future, singular; only futures, plural. There are multiple interpretations of history, to be sure, none definitive – but there is only one past. And although the past is over, for two reasons it is indispensable to our understanding of what we experience today and what lies ahead of us tomorrow and thereafter.

Since de Soto published The Mystery of Capital, revolutions in countries like Tunisia and Egypt have provided compelling evidence in support of his approach. He sees the ‘Arab Spring’ primarily as a revolt by frustrated would-be entrepreneurs against corrupt, rent-seeking regimes that preyed on their efforts to accumulate capital. The prime example is the story of the twenty-six-year-old.

Although the court recognizes his right to insist on his bond – to claim his pound of flesh – the law also prohibits him from shedding Antonio’s blood.

In a time of chaos, it is the micro-manager who ascends.

What the complacent Russians forgot was that their strengths – above all, their technological superiority – were not a permanent monopoly conferred by Providence on people with white skin. There was in fact nothing biological to prevent Asians from adopting Western forms of economic and political organization, nor from replicating Western inventions. The first Asian country to work out how to do so was Japan.

One difficulty is that we cannot always reconstruct the past thoughts of these non-Western peoples, for not all of them existed in civilizations with the means of recording and preserving thought. In the end, history is primarily the study of civilizations, because without written records the historian is thrown back on spearheads and pot fragments, from which much less can be inferred. The.

President Obama's biggest weakness is weakness.