Sublime

who has access to and control over the legal code and its masters:

But in an indefinite world, people actually prefer unlimited optionality; money is more valuable than anything you could possibly do with it. Only in a definite future is money a means to an end, not the end itself.

A few examples include: Greed is good. Maximizing pleasure from consumption is the goal. A billion acts of selfishness will lead to a prosperous society. The social duty of business is just to maximize its profits. There’s no such thing as society, only individuals—that was Margaret Thatcher’s famous quote. Markets are efficient; other institutions

this way, derivatives serve the needs of society to help moderate price and supply to free up capital for economic growth, job creation, and prosperity.

Currently, Eurozone members have chosen the first option (a) after the introduction of the euro. By contrast, Harvard economist Dani Rodrik advocates the use of the third option (c) in his book The Globalization Paradox , emphasising that world GDP grew fastest during the Bretton Woods era when capital controls were accepted in mainstream economics

With good reason, however, many economists who previously favored greater freedom of capital movements have become less enthusiastic, and the Fund itself came around to a more neutral position. In a survey of the evidence published in May 2003, four Fund economists, including chief economist Ken Rogoff, wrote that "there is as yet no clear and

This history of neoliberalization and class formation, and the proliferating acceptance of the ideas of the Mont Pelerin Society as the ruling ideas of the time, makes for interesting reading when placed against the background of counter-arguments laid out by Karl Polanyi in 1944 (shortly before the Mont Pelerin Society was established). In a compl

Saint Milton Friedman taught us that inflation is always and everywhere a monetary phenomenon. A central bank, by printing too much money, can bring about inflation and destroy a currency, all things being equal. But that is the tricky part of that equation, because not all things are equal.