Money and Finance
The trouble with freedom – By John Gray
Found via Farnam Street.
Not long after the start of the 21st Century, we like to tell ourselves an uplifting story in which freedom expands whenever tyranny is overthrown.
We believe that freedom and democracy are inseparable, so that when a dictator is toppled the result is not only a more accountable type of government but also greater liberty throughout society.
This belief forms the justification of the repeated attempts by Western governments to export their own political model to countries such as Iraq, Afghanistan and Libya. In this simple and seemingly compelling story, freedom and democracy are a package that can be delivered anywhere in the world.
An older generation of thinkers recognised that freedom and democracy don't always go hand in hand. The 19th Century liberal John Stuart Mill was a life-long campaigner for greater democracy, but he also worried that personal liberty would shrink once governments could claim to express the will of the majority.
Born in 1872 and dying in 1970 at the age of 98, Mill's godson Bertrand Russell agreed and shocked many people when he observed that while Britain after World War II was a more democratic society than the one he'd grown up in, it was also in some ways less free. For Russell, as for Mill, liberty was one thing, democracy another. It's a deeply unfashionable view, but I think essentially correct.
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Tony Robbins: Money Master The Game, And Interview Link
Tony Robbins is coming out with an interesting book next month. While written for the popular audience, he apparently spent time with the likes of Ray Dalio, Paul Tudor Jones, and Kyle Bass, among many others leading up to writing the book. He discusses...
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Read This If You Want To Be Happy In 2014 - By Scott Adams
I have no expertise whatsoever on the topic of happiness. But I do have a knack for observation and simplification. That’s what I do for my day job as the creator of Dilbert. Today — as some of you are already backtracking on those New Year’s resolutions...
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Reith Lecture: 'we’re Mortgaging The Future Of The Younger Generation' – By Niall Ferguson
Critics of Western democracy are right to discern that something is amiss with our political institutions. The most obvious symptom of the malaise is the huge debts we have managed to accumulate in recent decades, which (unlike in the past) cannot largely...
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The End Of The Growth Consensus - By John Taylor
This month marks the two-year anniversary of the official start of the recovery from the 2007-09 recession. But it's a recovery in name only: Real gross domestic product growth has averaged only 2.8% per year compared with 7.1% after the most recent...
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How Quick Can You Reach Financial Independence?
There's 8,760 hours in a year. If you're like most people you work a minimum of 40 hours per week and I'll assume there's another 2 hours per day that you spend on either getting ready for work, commuting to work, or de-stressing from...
Money and Finance