Sublime

le problème principal auquel nous avons à faire face, de nos jours, n’est pas un problème économique mais un problème politique. Les bons économistes sont fondamentalement d’accord en ce qui concerne les choses qu’il conviendrait de faire. Presque toutes les tentatives du gouvernement pour redistribuer richesse et revenu tendent à étouffer les

It is actually not a question of size, because the government must naturally be large to oversee a highly complex nation. The problem is over-complexity and convolution, with subgroups of experts who do not cooperate, trust each other, or work well together.

The good news is that politicians will no more be able to dominate, suppress, and regulate the greater part of commerce in this new realm than the legislators of the ancient Greek city-states could have trimmed the beard of Zeus. That is good news for the rich. And even better news for the not so rich. The obstacles and burdens that politics

Gogolook

When Donald Trump claimed that he used his own money to finance his primary campaign, he was really declaring, to the chagrin of his party leadership, that he was not to be part of Washington’s massive network of intertwining patron–client relationships.

money is universal credit and that its supply and value in a free market is a reflection of the reality of how much valuable work has been done and not redeemed.

The central question of this book is this: Where do prosperity and economic security come from? I believe they don’t come from a single magic-bullet mechanism like wage subsidies, a robot tax, tougher antitrust measures, a higher minimum wage, or universal basic income. Rather they can only emerge from a complex macro mechanism that goes way beyond