Status Updates From The State in the Third Mill...

"A financial crisis is not the failure of the market but the failure of the state, its law, its regulations, and its supervision."

Hans Adam II presciently brings up the possibility of small states issuing their own metal-based currency once again. For all his remarkable intelligence the book was written in 2009 and he is very much a child of the 20th century; I think as well as he could have the Prince predicted the possibility of electronic commodity currency (crypto) as an alternative to fiat currency.

"It is much easier to mobilize masses of people with populist slogans and ideologies than to engage them in the long, tedious, and complicated process of creating an efficient democracy and the rule of law."