Sublime

“irrational exuberance”—

free-market capitalism that functions best only when governments provide a stable base of rules and a neutral monetary policy,

emoluments

“Practical men, who believe themselves to be quite exempt from any intellectual influences,” he wrote, “are usually the slaves of some defunct economist.”

Some highlights have been hidden or truncated due to export limits.

Some highlights have been hidden or truncated due to export limits.

Network Effects