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☆ Elon Musk came up with a perfect audiobook list for anyone who thinks about Rome on a daily basis
▼ + stars: | 2024-07-01 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk has come up with a list of recommended audiobooks — but they may not make terribly relaxing listening by the pool or beach this summer. "Admittedly, this is a list that appeals to those who think about Rome every day," Musk wrote on X, referring to the viral internet craze questioning how often men dwell on the Roman Empire. Musk is known to be fascinated by history, particularly the study of warfare and civilization.

Persons: —, Elon, Tesla, Will, Ariel Durant, Rousseau, Musk, Friedrich Hayek, Durant, Hayek, Caesar, Doom, Kushner, The, Junger The, Tuchman, — Elon, General Douglas MacArthur, David Kushner, cofounders John Carmack, John Romero, Caesar himself, Mathias Döpfner, Axel Springer, Alexander the Great, William Bolitho, Christopher Columbus, Genghis Khan, Jack Weatherford, Richard Ernest Dupuy, Trevor Dupuy, Edward Shepherd Creasy Organizations: Service, Business, Manchester Masters, SpaceX, Tesla, Archaeologic Museum Locations: Rome, Naples, Italy

☆ Joseph Stiglitz on why America's appetite for Trump endures
▼ + stars: | 2024-05-01 | by ( William Edwards | ) www.businessinsider.com time to read: +12 min

If Trump is elected again, Stiglitz said, he could well pull support for Ukraine, sending grain prices soaring. For Stiglitz, the 2001 winner of the Nobel Prize in economics, America's appetite for Trump can be traced back a little more than four decades ago to the election of Ronald Reagan. "We've had 40 years of a neoliberal experiment: Strip away the regulations and lower the taxes — taxes are much lower than they used to be. But Komlos and Stiglitz don't place blame solely on Reagan for the growing economic inequality. Every European country that's had a wealth tax has walked away from it, by and large."

Persons: Donald Trump, Joseph Stiglitz, Trump, Stiglitz, Joe Biden, Ronald Reagan, —, that's, Reagan, We've, Dina Litovsky, Friedrich Hayek, Milton Friedman, That's, Stiglitz doesn't, John Komlos, Komlos, Joe, Bill Clinton, Clinton, Barack Obama, insurrectionists, Desmond Lachman, Carter, Douglas Holtz, Eakin, George W, John McCain's, Holtz, America Stiglitz, Hayek, Friedman, Claudia Sahm, you've, what's Organizations: Columbia Business School, Business, Capitol, Biden, Trump, :, Good Society, America's, Federal Reserve, Budget, Bank, University of Munich, Duke University, University of North, Democratic, North American Free Trade, World Trade Organization, American Enterprise Institute, Bush's, Economic Advisers Locations: Manhattan, Ukraine, Russia, China, Beijing, Taiwan, University of North Carolina, Spain, America

☆ Thomas Sowell on the Trouble With ‘Social Justice’
▼ + stars: | 2023-10-07 | by ( Jason L. Riley | ) www.wsj.com time to read: +1 min

Wonder Land: Whether it's the migrant crisis, gender identity, shoplifting, student loans or decriminalizing federal laws on cannabis possession, Republican presidential candidates should not stop talking about the culture. Images: Bloomberg News/AFP/Getty Images Composite: Mark KellyThomas Sowell is best known for his insights on racial controversies, but race isn’t the main topic of most of his books in a career that spans more than six decades. Mr. Sowell, 93, is an economist who earned a doctorate from the University of Chicago, where his professors included Milton Friedman , Friedrich Hayek and other future Nobel laureates. His specialty is the history of ideas, and his most recent book, “Social Justice Fallacies,” harks back to his writings on social theory and intellectual history, which include “Knowledge and Decisions” (1980), “The Vision of the Anointed” (1996) and “The Quest for Cosmic Justice” (1999).

Persons: Mark Kelly Thomas Sowell, Sowell, Milton Friedman, Friedrich Hayek, ”, Justice ” Organizations: Republican, Bloomberg, Getty, University of Chicago, Justice

☆ How a single hard-charging CEO helped the US dollar take over the world
▼ + stars: | 2023-09-12 | by ( Henry Farrell | Abraham Newman | ) www.businessinsider.com time to read: +14 min

Wriston's financial innovations helped create the modern Eurodollar market — a vast offshore realm of financial transactions in US dollars happening outside of US borders. As he explained in 1979, the "current banking network, with its Euromarkets and its automated payments system" seemed dull and technical, but it had immense political consequences. Wriston helped rebuild this clanking machine into an engine of transformation, welding disjointed national markets into a true world economy. It began to develop a new kind of sanction, which used its control of "dollar clearing" to force international banks to implement US policy outside its borders. Instead of the stateless, government-less world that Wriston envisioned, the internationalization of the US dollar became the precedent for a massive transformation of America's financial power.

Persons: Walter Wriston, Wriston, Friedrich Hayek's, Banks, Eric Sepkes, Eric Helleiner, Henry Holt, Helleiner, Henry Farrell, Johns Hopkins SAIS, Friedrich Schiedel, Abraham Newman Organizations: Citibank, Staff, of, Technology, Bankers, JPMorgan, Warburg, Federal Reserve, buccaneers, US Department of, Treasury, SWIFT, Society, Worldwide Interbank, Johns Hopkins, Politics, The Washington Post, School of Foreign Service, Government Department, Georgetown University, Henry Holt and Company Locations: London, of London, Europe, Argentina, New York, United States, Eurodollars, Italy, Japan, Soviet Union, America, Iran, Russia, Ukraine

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

☆ Crypto is dead: long live crypto!
▼ + stars: | 2023-06-16 | by ( Felix Martin | ) www.reuters.com time to read: +8 min

The end of near-zero interest rates, quantitative easing and pandemic-era fiscal stimulus has sent prices crashing back to earth. Rising real interest rates have proved to be kryptonite for crypto, as for so many other speculative assets. The normalisation of interest rates may have done for crypto in its most recent incarnation as a get-rich-quick scheme. The proposition that the circulation of private currencies might be economically beneficial has also been around for a while. Nevertheless, history shows that for privately issued currencies to attain critical mass it has typically required more than just the availability of viable alternatives.

Persons: cryptocurrencies, Gary Gensler, noncompliance, Balaji Srinivasan, marc ”, Paul Krugman, Friedrich Hayek’s, Money ”, James Steuart, ”, Crypto, Long, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, SEC, State, Brixton, counterparties, Central Bank of, Thomson Locations: Ithaca, Scottish, United States, Central Bank of Argentina

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