Sublime
An inspiration engine for ideas
Half our human effort is now wasted on mere transit, transport, and exchange; the commonwealth is a clearing-house of cases we never open and presents we never enjoy.
G. K. Chesterton • The G. K. Chesterton Collection [50 Books]
Real Food/Fake Food: Why You Don't Know What You're Eating and What You Can Do about It
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bearing on the quality of the oil.
Paul Grewal • Genius Foods: Become Smarter, Happier, and More Productive While Protecting Your Brain for Life (Genius Living Book 1)
This was a sophisticated mercantile economy in which paper money was supplied by private enterprise and credit was based on the sale of contracts for the future supply of salt to the government – a commodity for which demand was exceptionally stable.
John Darwin • After Tamerlane: The Rise and Fall of Global Empires, 1400-2000
Farmers and big grain users, like Pillsbury, could make their deals even before the fields were planted, if they chose, and cover their exposures by hedging on the exchanges. Huge “frictional” costs, or pure economic waste, like the deep discounts once charged for the farmer’s trade bills, disappeared. Transaction commissions and costs were razor t
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
