Category: How Money Works
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Nietzsche on Power
Possibly more predictive and instructive than all modern economic texts. Definitely a frame for understanding personalities like Putin, Xi, and Trump, Nietzsche and the Truth About Power” investigates the dynamics of power and morality by contrasting individuals who succeed through integrity with those who manipulate and exploit others. It draws on Nietzsche’s philosophy , particularly the concepts…
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Hope
Ray Dalio and David Friedberg hope bringing attention to the US debt problem will help the government gather the courage to cut spending. Ray highlights the historical context of debt cycles and the importance of understanding patterns in financial trends to avoid severe economic crises, underlining that many currencies have faced devaluation over time. Dalio…
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Competition for Stocks
BlackRock and Citadel Securities, two financial heavyweights, have begun the process to create a new stock exchange in Texas. The Texas Stock Exchange directly challenges the dominance of the New York Stock Exchange (NYSE) and NASDAQ. The new exchange, located in Dallas, aims to have fewer restrictions on listed companies and offer a cheaper and easier…