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“Money has been the oil that has kept the wheels of society turning and allowed the complexity of our present civilization to develop, but credit, the centralized creation of money, interest, and particularly compound interest, have seriously destabilized the relationship between money and the goods and services, or wealth, it originally
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
With no way to cover their shorts, firms up and down Wall Street faced bankruptcy, as did the banks who had been financing their positions; Harriman had no choice but to back off the fight, so Morgan and Schiff could unwind their positions and forestall a crash.
Charles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
rapacious
Michael Crichton • Jurassic Park: A Novel
Decoding Digital Culture with Science Fiction: Hyper-Modernism, Hyperreality, and Posthumanism
African American co-op movement. I consider the various organizations’ agendas and strategies over time, as well as the kinds of impact cooperative practices have had on Black communities. There are lessons to be learned from the history of cooperative economic models that can be applied to future discussions about community economic development in
... See moreJessica Gordon Nembhard • Collective Courage: A History of African American Cooperative Economic Thought and Practice
Allen
@allen44
no more need to have them enforce our contracts.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
David Cohen
@cocobware01
Second, those who hold return-seeking capital assets but who do not lever up are comparatively disadvantaged if their competitors do.