Sublime

She’d come onto the screen and announce that she had found $200 million here, or $400 million there, as if she’d just made an original scientific discovery. Some guy at Deltec, their bank in the Bahamas, messaged Ramnik to say, Oh, by the way, you have $300 million with us. And it came as a total surprise to all of them! Eventually Ramnik gathered

his feisty

Two courses are open to a new concern like ours—1st Stand timidly back, afraid to “break the market” [or] . . . 2nd To make up our minds to offer certain large customers lots at figures which will command orders—For my part I would run the works full next year even if we made but $2 per ton.

Once again, however, the opportunity for financial innovation was provided by war.

the big issue is lots of available money and not enough opportunities to invest in things that create wealth.

2. Low interest rates and the intentional birth of the American consumer.

‘At that point, a bank run sets in,’ Eva would tell her students, ‘and that’s when the system comes crashing down.’

The whole life of Robert Moses, in fact, has been a drama of the interplay of power and personality. For a time, standing between it and him was an interceding force, the passionate idealism he had expressed in the Yale bull sessions. Dedicating his life to public service, he remained, during the first years of that service, the idealist of those