The very fact that we don’t know what debt is, the very flexibility of the concept, is the basis of its power.
raniahas quotedlast year
Those of us who do not have armed men behind us cannot afford to be so exacting.
raniahas quotedlast year
For a very long time, the intellectual consensus has been that we can no longer ask Great Questions. Increasingly, it’s looking like we have no other choice.
raniahas quotedlast year
Economists generally speak of three functions of money: medium of exchange, unit of account, and store of value.
raniahas quotedlast year
Money provides a way to make multilateral exchange much simpler.
Lida Mondragónhas quotedlast year
we also hanker after meaning’
Lida Mondragónhas quotedlast year
anyone who would rather be doing something useful with themselves.
Lida Mondragónhas quotedlast year
very familiar in academic contexts) who spend their time staffing committees that discuss the problem of unnecessary committees.
Lida Mondragónhas quotedlast year
Could there be anything more demoralizing than having to wake up in the morning five out of seven days of one’s adult life to perform a task that one secretly believed
Lida Mondragónhas quotedlast year
did not need to be performed—that was simply a waste of time or resources, or that even made the world worse?