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I mean, I did plays in high school, but I was convinced you couldn't make a living doing it. ”
There are very few fundamental shifts in global infrastructure that can happen in our life times. The financial infrastructure is one of them, and the Blockchain is changing the way we think about the transfer of value. ”
If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history. ”
When you see a merger between two giants in a declining industry, it can look like the financial version of a couple having a baby to save a marriage. ”
If an alien with an accounting degree touched down in America, it might conclude that we're a weird cult that spends 11 months living frugally and four crazy weeks buying tons of stuff we don't need. It wouldn't be entirely wrong, either. ”
The economics profession advances by one confusing financial disaster at a time. ”
The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing, less hiring, fewer jobs and a smaller economy, which hurts the rich, the poor and the middle class alike. ”
Ever since the economic crisis in 2008, millions of people have accepted cuts in all sorts of things - from real wages and living standards to benefits and hospital care - without any real opposition. The cuts may be right, or they may be stupid - but the astonishing thing is how no-one really challenges them. ”
James Goldsmith is important because he used the power of the markets to break up the cosy patrician elite that ran Britain and its industries in the 1950s and '60s. In the process, Goldsmith helped transfer power in this country away from politics and towards the markets and the financial sector. ”
You have to accept that other people are not going to live their lives like you, and you have to find a way to achieve your goals while they are still existing and living their lives according to their choices. ”