The larger the country, the less the likelihood of getting a leader who can be trusted with the job.
If left to their own devices, people will tend to come up with a society in which residents treat each other with equanimity and respect each other’s property. They’ll tend to help their neighbours, yet will otherwise respect each other’s privacy.
A decade or more ago, I began to discuss with associates the possibility of governments and banks colluding to eliminate physical cash. Back then, the idea struck most everyone as poppycock, that governments could never get away with it.
In 1260, Kublai Khan created the first unified fiat currency. The jiaochao was made from the inner layer of the bark of the mulberry tree. It’s of interest that the mulberry tree was quite common in Mongolia.
I’ve never been much of a gambler. On the rare occasions I’ve played poker, I almost always came out ahead, but I almost never bluffed and, probably more important, I always played with amateurs like myself, never with players who really knew what they were doing.
In the days of yore, there were kings. Everybody could agree to hate the king because he was rich and well-fed, when most of his minions were not.
Throughout the world, the media televise weekly reports on the protests in Hong Kong. Developments have remained highly visible, courtesy of regular demonstrations that take place like clockwork, every weekend in the business district of the city.
Just prior to a war, the majority of people in the nations that are about to become involved tend to assume that another nation is threatening theirs, whist their own leaders are doing all they can to avoid conflict. This is almost never the case.
A half-century ago, the US was the envy of the world – the Land of the Free, where virtually anyone could prosper, if he were willing to roll up his sleeves and work.
“Trump is doing the right thing. Without him, we have no protection against China. China doesn’t only wish to dominate Asia, but the world.” Here in Hanoi, so said my dinner companion – a major manufacturer and worldwide exporter of steel products.