Geoff Moller

“As long as the living standards of most people are still rising, these gaps and resentments don’t boil over into conflict.”
― Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail

“We owe the cultural achievements of humanity—which include philosophy—to deep, contemplative attention. Culture presumes an environment in which deep attention is possible. Increasingly, such immersive reflection is being displaced by an entirely different form of attention: hyperattention.”
― Byung-Chul Han, The Burnout Society

“there can be no banking systems without the police power of the state. In chapter 2 we focus, in particular, on the fundamental property-rights problems that societies have to solve in order to create a banking system. The idea that banking systems can exist outside a system of government regulation is simply a libertarian fairy tale.”
― Charles W. Calomiris, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit

“it is difficult to coordinate opposition to any program that benefits few at the expense of many because of the transactions costs of political activity. Second, taxpayers cannot easily identify the allocation of costs and benefits from bailouts, which is determined not by the courts but by a deposit-insurance resolution authority operating within the government under opaque circumstances and ad hoc arrangements. Third, because taxpayers are sometimes depositors, they may not be able to determine whether they are better or worse off as a result of the government’s intervention.”
― Charles W. Calomiris, Fragile by Design: The Political Origins of Banking Crises and Scarce Credit