Sublime
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The original modern housing finance system was designed with political goals in mind. In the words of William Levitt, the founder of the first postwar suburb, “No man who owns his own house and lot can be a Communist. He has too much to do.”8 This was a literal statement. People with a stake in society—a bit of property—do not rebel. People with no
... See moreMatt Stoller • Goliath
A new science of politics is indispensable to a new world. This, however, is what we think of least; launched in the middle of a rapid stream, we obstinately fix our eyes on the ruins which may still be described upon the shore we have left, whilst the current sweeps us along, and drives us backwards towards the gulf.
Alexis de Tocqueville • Democracy in America, Volume I and II (Optimized for Kindle)
Along the banks of the Ohio, and throughout the central valley, there are frequently found, at this day, tumuli raised by the hands of men. On exploring these heaps of earth to their centre, it is usual to meet with human bones, strange instruments, arms and utensils of all kinds, made of metal, or destined for purposes unknown to the present race.
... See moreAlexis de Tocqueville • Democracy in America, Volume I and II (Optimized for Kindle)

Why did its exponents take this approach? They were quite aware of the danger to liberty formed by unaccountable government. But their focus had been on the restraint of government wherein the executive and the legislative powers were joined, absolute monarchy being the most glaring example. Their views of legislative power as a separate branch of
... See moreRuben Alvarado • Common Law & Natural Rights
Second, those who hold return-seeking capital assets but who do not lever up are comparatively disadvantaged if their competitors do.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Following the trail left by those overlooked documents in Moses’ files, the hard-riding reporters had come at last upon the secret that would destroy the heart of the Moses legend: the fact that this man who supposedly scorned politicians had allowed the top echelon of New York’s politicians to reap fortunes from his Title I program.
Robert A. Caro • The Power Broker
A short-lived capital stock will manifest in accelerated depreciation and a fragile capital structure will incur an undue interest charge.