Geoff Moller

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The Mandibles: A ...
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Ray Dalio
“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

James Dale Davidson
“Most people could master the skills required for operating the machines of the mid-twentieth century, but those jobs have now been replaced by smart machines which, in effect, control themselves. A whole arena of low- and middle-skill employment has already disappeared. If we are correct, this is a prelude to the disappearance of most employment and the reconfiguration of work in the spot market.”
James Dale Davidson, The Sovereign Individual: Mastering the Transition to the Information Age

“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

“What makes today so unique is that we have not previously seen such elevated valuations and such low bond yields simultaneously in our lifetimes.”
Phil Huber, The Allocator's Edge: A modern guide to alternative investments and the future of diversification

“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

152441 Book Riot's Read Harder Challenge — 26766 members — last activity 15 hours, 44 min ago
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