Sublime

Why Don’t We Learn From History?: [History] cannot be interpreted without the aid of imagination and intuition. The sheer quantity of evidence is so overwhelming that selection is inevitable. Where there is selection there is art. Those who read history tend to look for what proves them right and confirms their personal opinions. They defend loyalt

By August 11 bank scrip had zoomed from the $25 offering price to $300, with government bonds also touching delirious new heights. When bankers drained credit from the market, speculators dumped their scrip, the bubble burst, and prices plummeted. Hamilton steadied the market by buying government securities, but Jefferson was convinced that scrip h

But if entire nations can be seized by manias—recall Germany in the 1930s—why should we assume that people will always behave rationally when they invest their money?

the coming extinction of the Jews.

According to this view, Sapiens replaced all the previous human populations without merging with them.

the liberal story learned from communism to expand the circle of empathy and to value equality alongside liberty.