Fiat Quotes

If by some fiat I had to restrict all this writing to one sentence, this is the one I would choose: The summit of Mt. Everest is marine limestone.

It is no coincidence that the century of total war coincided with the century of central banking.

A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.

The factory farm has succeeded by divorcing people from their food, eliminating farmers, and ruling agriculture by corporate fiat.

When the climbers in 1953 planted their flags on the highest mountain, they set them in snow over the skeletons of creatures that had lived in the warm clear ocean that India, moving north, blanked out. Possibly as much as twenty thousand feet below the seafloor, the skeletal remains had turned into rock. This one fact is a treatise in itself on the movements of the surface of the earth. If by some fiat I had to restrict all this writing to one sentence, this is the one I would choose: The summit of Mt. Everest is marine limestone.

Noi leggeveamo un giorno per diletto Di Lancialotto, come amor lo strinse; Soli eravamo e senza alcun sospetto Per più fiate gli occhi ci sospinse Quella lettura, e scolorocci il viso; Ma solo un punto fu quel che ci vinse. Quando leggemmo il disiato riso Esser baciato da cotanto amante, Questi, che mai da me non fia diviso, La bocca mi baciò tutto tremante. Galeotto fu il libro e chi lo scrisse: Quel giorno più non vi leggemmo avante." ""We were reading one day, to pass the time, of Lancelot, how love had seized him. We were alone, and without any suspicion And time and time again our eyes would meet over that literature, and our faces paled, and yet one point alone won us. When we had read how the desired smile was kissed by so true a lover, This one, who never shall be parted from me, kissed my mouth, all a-tremble. Gallehault was the book and he who wrote it That day we read no further.

Fiat justitia, ruat caelum. (Let justice be done, though the heavens may fall.)

Ethereum, or some other Cryptocurrency is going to be the global standard of payment. It’ll be of greater value than national fiat.

I understand the mechanism of my own thinking. I know precisely how I know, and my understanding is recursive. I understand the infinite regress of this self-knowing, not by proceeding step by step endlessly, but by apprehending the limit. The nature of recursive cognition is clear to me. A new meaning of the term "self-aware." Fiat logos. I know my mind in terms of a language more expressive than any I'd previously imagined. Like God creating order from chaos with an utterance, I make myself anew with this language. It is meta-self-descriptive and self-editing; not only can it describe thought, it can describe and modify its own operations as well, at all levels. What Gödel would have given to see this language, where modifying a statement causes the entire grammar to be adjusted. With this language, I can see how my mind is operating. I don't pretend to see my own neurons firing; such claims belong to John Lilly and his LSD experiments of the sixties. What I can do is perceive the gestalts; I see the mental structures forming, interacting. I see myself thinking, and I see the equations that describe my thinking, and I see myself comprehending the equations, and I see how the equations describe their being comprehended. I know how they make up my thoughts. These thoughts.

Moreover to light a fire is the instinctive and resistant act of man when, at the winter ingress, the curfew is sounded throughout Nature. It indicates a spontaneous, Promethean rebelliousness against the fiat that this recurrent season shall bring foul times, cold darkness, misery and death. Black chaos comes, and the fettered gods of the earth say, Let there be light.

In the Google era, Newton’s system of the world—one universe, one money, one God—is now in eclipse. His unitary foundation of irreversible physics and his irrefragable golden money have given way to infinite parallel universes and multiple paper moneys manipulated by fiat. Money, like the cosmos, has become relativistic and reversible at will.

Imagine a young Isaac Newton time-travelling from 1670s England to teach Harvard undergrads in 2017. After the time-jump, Newton still has an obsessive, paranoid personality, with Asperger’s syndrome, a bad stutter, unstable moods, and episodes of psychotic mania and depression. But now he’s subject to Harvard’s speech codes that prohibit any “disrespect for the dignity of others”; any violations will get him in trouble with Harvard’s Inquisition (the ‘Office for Equity, Diversity, and Inclusion’). Newton also wants to publish Philosophiæ Naturalis Principia Mathematica, to explain the laws of motion governing the universe. But his literary agent explains that he can’t get a decent book deal until Newton builds his ‘author platform’ to include at least 20k Twitter followers – without provoking any backlash for airing his eccentric views on ancient Greek alchemy, Biblical cryptography, fiat currency, Jewish mysticism, or how to predict the exact date of the Apocalypse. Newton wouldn’t last long as a ‘public intellectual’ in modern American culture. Sooner or later, he would say ‘offensive’ things that get reported to Harvard and that get picked up by mainstream media as moral-outrage clickbait. His eccentric, ornery awkwardness would lead to swift expulsion from academia, social media, and publishing. Result? On the upside, he’d drive some traffic through Huffpost, Buzzfeed, and Jezebel, and people would have a fresh controversy to virtue-signal about on Facebook. On the downside, we wouldn’t have Newton’s Laws of Motion.

Bitcoin effectively combines gold’s salability across time with fiat’s salability across space in one apolitical, immutable, open-source package.

Thus, instead of gaining only an internal silence, in the common sense of the word, he gains also that strange dynamic silence which preceded creation, and from which all things come—the silence of the heart of God. This silence is the root of sound, and from it pours forth the fiat that fashioned the world. This is the dynamic silence of creation, the tremendous dramatic silence of new birth forever taking place- new worlds forever fashioning.

Here’s the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar.

The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.

The notion of literature as only one of several avenues to a single type of propositional knowledge is, of course, hardly the winning ticket in lit-crit today. More typical are sentiments that see such a notion as not even admissible, if at all desirable. The world of these academic refuseniks is, however, a bleak and sterile place. Disarmed by their own epistemic fiat, scholars cannot assert anything since they deny the idea of objective rationality. If they arrive at an insight whose truth they wish to defend – for example that truth and rationality are passé – they can’t do so because truth and rationality are constructed to be constructed.

In this great fiat of the little girl Mary, the strength and foundation of our life of contemplation is grounded, for it means absolute trust in God, trust which will not set us free from suffering but will set us free from anxiety, hesitation, and above all from the fear of suffering. Trust which makes us willing to be what God wants us to be, however great or however little that may prove. Trust which accepts God as illimitable Love.

The Himalayas are the crowning achievement of the Indo-Australian plate. India in the Oligocene crashed head on into Tibet, hit so hard that it not only folded and buckled the plate boundaries but also plowed into the newly created Tibetan plateau and drove the Himalayas five and a half miles into the sky. The mountains are in some trouble. India has not stopped pushing them, and they are still going up. Their height and volume are already so great they are beginning to melt in their own self-generated radioactive heat. When the climbers in 1953 planted their flags on the highest mountain, they set them in snow over the skeletons of creatures that had lived in a warm clear ocean that India, moving north, blanked out. Possibly as much as 20,000 feet below the sea floor, the skeletal remains had turned into rock. This one fact is a treatise in itself on the movements of the surface of the earth. If by some fiat, I had to restrict all this writing to one sentence; this is the one I would choose: the summit of Mount Everest is marine limestone.

Fiat ars – pereat mundus”, says Fascism, and, as Marinetti admits, expects war to supply the artistic gratification of a sense perception that has been changed by technology. This is evidently the consummation of “l’art pour l’art.” Mankind, which in Homer’s time was an object of contemplation for the Olympian gods, now is one for itself. Its self-alienation has reached such a degree that it can experience its own destruction as an aesthetic pleasure of the first order. This is the situation of politics which Fascism is rendering aesthetic. Communism responds by politicizing art.

No true individual has existed yet, able to live, able to die. Only diseased, tragic, or dismal and ludicrous fools who sometimes hoped to achieve some ideal by fiat, by their great desire for it. But usually by bullying all mankind into believing them.

Fiat voluntas tua,

Fiat currency isn’t money—it’s a weapon. Every duck farmer knows this, and you can only pretend The Fake is The Real for so long before mass starvation takes place.

The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted notto debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

She is convinced that when language dies, out of carelessness, disuse, indifference and absence of esteem, or killed by fiat, not only she herself, but all users and makers are accountable for its demise. In her country children have bitten their tongues off and use bullets instead to iterate the voice of speechlessness, of disabled and disabling language, of language adults have abandoned altogether as a device for grappling with meaning, providing guidance, or expressing love.

In our seeking for the lost Child, our contemplation of Our Lady becomes active. The fiat was complete surrender. Advent was a folding upon the life growing in our darkness. Now the seeking is a going out from ourselves. It is a going out from our illusions, our limitations, our wishful thinking, our self-loving, and the self in our love.

There are three ways in which a government can fund deficit spending: currency inflation (printing new currency), borrowing from the public, and taxation. Governments tend to favor currency by fiat (i.e., creating new currency), which allows it to blame the inevitable price increases on speculators rather than on its true culprit, currency inflation.

Many hold that by floating the dollar, Nixon converted the U.S. currency into pure “fiat money”—mere pieces of paper, intrinsically worthless, that were treated as money only because the United States government insisted that they should be.

Any democratic government, whether threatened by real or perceived enemies, can succumb to Fascism if its people permit the slow or precipitate undoing, by executive or legislative fiat, of their civil liberties. ― W R Montgomery (October 2003)

Grandma kept turning around in the front seat of their old Fiat saying, "Look at you girls! On, Lena, you are a beauty!" Lena seriously wished she would stop saying that, because it was irritating, and besides, how was cranky Effie supposed to feel?

Witches the Church simply burned at the stake, but something more interesting happened to the witches’ magic plants. The plants were too precious to banish from human society, so in the decades after Pope Innocent’s fiat against witchcraft, cannabis, opium, belladonna, and the rest were simply transferred from the realm of sorcery to medicine, thanks largely to the work of a sixteenth-century Swiss alchemist and physician named Paracelsus. Sometimes called the “Father of Medicine,” Paracelsus established a legitimate pharmacology largely on the basis of the ingredients found in flying ointments. (Among his many accomplishments was the invention of laudanum, the tincture of opium that was perhaps the most important drug in the pharmacopoeia until the twentieth century.) Paracelsus often said that he had learned everything he knew about medicine from the sorceresses. Working under the rational sign of Apollo, he domesticated their forbidden Dionysian knowledge, turning the pagan potions into healing tinctures, bottling the magic plants and calling them medicines.

It seems to be difficult if not impossible for human beings to avoid thinking of government as mystical entity with a nature and a history all its own. It constitutes for them a creature somehow interposed between themselves and the great flow of cosmic events, and they look to it to think for them and to protect them. In democratic countries it is theoretically their agent, but there seems to be a strong tendency to convert the presumably free citizen into its agent, or at all events, its client. This exalted view of its scope, character, powers and autonomy is fundamentally false. A government at bottom is nothing more than a group of men, and as a practical matter most of them are inferior men…. Yet these nonentities, by the intellectual laziness of men in general, have come to a degree of puissance in the world that is unchallenged by that of any other group. Their fiats, however preposterous, are generally obeyed as a matter of duty, they are assumed to have a kind of wisdom that is superior to ordinary wisdom, and the lives of multitudes are willingly sacrificed in their interest.

Every telecomm company is as big a corporate welfare bum as you could ask for. Try to imagine what it would cost at market rates to go around to every house in every town in every country and pay for the right to block traffic and dig up roads and erect poles and string wires and pierce every home with cabling. The regulatory fiat that allows these companies to get their networks up and running is worth hundreds of billions, if not trillions, of dollars. If phone companies want to operate in the “free market,” then let them: the FCC could give them 60 days to get all their rotten copper out of our dirt, or we’ll buy it from them at the going scrappage rates. Then, let’s hold an auction for the right to be the next big telecomm company, on one condition: in exchange for using the public’s rights-of-way, you have to agree to connect us to the people we want to talk to, and vice-versa, as quickly and efficiently as you can.

The EU gave both political support and quotidian substance to the values inherent in NATO—those values being, generally, the rule of law over arbitrary fiat, legal states over ethnic nations, and the protection of the individual no matter his race or religion. Democracy, after all, is less about elections than about impartial institutions.

What was the power that induced strong soldiers to put off their jackets and shirts, and present their hands to be tied up, and tortured for hours, it might be, under the scourge, with an air of ready volition? The moral coercion of despair; the result of an unconscious calculation of chances that satisfies them that it is ultimately better to do all that, bad as it is, than try the alternative. These unconscious calculations are going on every day with each of us, and the results embody themselves in our lives; and no one knows that there has been a process and a balance struck, and that what they see, and very likely blame, is by the fiat of an invisible but quite irresistible power.

Eddie Money and Johnny Cash should have collaborated. I’d have paid good last name to see them in concert.

Democracy is grinding work. Whereas family businesses and army squadrons may be ruled by fiat, democracies require negotiation, compromise, and concessions.

As the “no” of Eve proves that the creature was made by love and is therefore free, so thy Fiat proves that the Creature was made for love as well.

De strigis vero, quae non sunt, nulla quaestio fiat (Sobre las brujas, ya que no existen, no se harán indagaciones).

Contrivance is the human attempt to emulate nature. Organizing it according to a fiat is an attempt at locating God.

Odinism is an ancient religion that acknowledges the gods by fostering thought, courage, honor, light, and beauty. Older than history, Odinism is all that was called wisdom when the world was new and fresh.” “…when the gods made man, they made a weapon.” “And a godlike man–a man who is pure force–inaccessible to any compromise–is called a hero.” “In any combat, the hero is the one who renounces advantages.” “Most mortals can wish–only extraordinary mortals can will.” “A man without gods has a desert in his heart.” “Omnipotence is humbuggery. In this universe of hazard and adventure, the gods implement their wills through struggle-not fiat.” “Beware of gods who cannot laugh.” “In the eyes of gods, there are no chosen peoples and no master races.” “Magic is the technology of gods.” “…if you knew the secret of the runes, the knowledge would surprise and terrify.” “Mysteries should not be explained–they should be experienced. That is the way of Odin.” “The future will be a return to the past.” ” When the world is pregnant with lies, a secret long hidden will be revealed.

Moreover to light a fire is the instinctive and resistant act of man when, at the winter ingress, the curfew is sounded throughout Nature. It indicates a spontaneous, Promethean rebelliousness against that fiat that this recurrent season shall bring foul times, cold darkness, misery and death. Black chaos comes, and the fettered gods of the earth say, Let there be light.

What is the age of the soul of man? As she hath the virtue of the chameleon to change her hue at every new approach, to be gay with the merry and mournful with the downcast, so too is her age changeable as her mood. No longer is Leopold, as he sits there, ruminating, chewing the cud of reminiscence, that staid agent of publicity and holder of a modest substance in the funds. He is young Leopold, as in a retrospective arrangement, a mirror within a mirror (hey, presto!), he beholdeth himself. That young figure of then is seen, precociously manly, walking on a nipping morning from the old house in Clambrassil street to the high school, his booksatchel on him bandolierwise, and in it a goodly hunk of wheaten loaf, a mother's thought. Or it is the same figure, a year or so gone over, in his first hard hat (ah, that was a day!), already on the road, a fullfledged traveller for the family firm, equipped with an orderbook, a scented handkerchief (not for show only), his case of bright trinketware (alas, a thing now of the past!), and a quiverful of compliant smiles for this or that halfwon housewife reckoning it out upon her fingertips or for a budding virgin shyly acknowledging (but the heart? tell me!) his studied baisemoins. The scent, the smile but more than these, the dark eyes and oleaginous address brought home at duskfall many a commission to the head of the firm seated with Jacob's pipe after like labours in the paternal ingle (a meal of noodles, you may be sure, is aheating), reading through round horned spectacles some paper from the Europe of a month before. But hey, presto, the mirror is breathed on and the young knighterrant recedes, shrivels, to a tiny speck within the mist. Now he is himself paternal and these about him might be his sons. Who can say? The wise father knows his own child. He thinks of a drizzling night in Hatch street, hard by the bonded stores there, the first. Together (she is a poor waif, a child of shame, yours and mine and of all for a bare shilling and her luckpenny), together they hear the heavy tread of the watch as two raincaped shadows pass the new royal university. Bridie! Bridie Kelly! He will never forget the name, ever remember the night, first night, the bridenight. They are entwined in nethermost darkness, the willer and the willed, and in an instant (fiat!) light shall flood the world. Did heart leap to heart? Nay, fair reader. In a breath 'twas done but - hold! Back! It must not be! In terror the poor girl flees away through the murk. She is the bride of darkness, a daughter of night. She dare not bear the sunnygolden babe of day. No, Leopold! Name and memory solace thee not. That youthful illusion of thy strength was taken from thee and in vain. No son of thy loins is by thee. There is none to be for Leopold, what Leopold was for Rudolph.

Any democratic government, whether threatened by real or perceived enemies, can succumb to Fascism if its people permit the slow or precipitate undoing, by executive or legislative fiat, of their civil liberties.

There is a saying from Roman antiquity: Fiat justitia—ruat caelum. “Do justice, and let the skies fall.” In every epoch, there have been those to argue that “greater” goods, such as tribal solidarity or social cohesion, take precedence over the demands of justice. It is supposed to be an axiom of “Western” civilisation that the individual, or the truth, may not be sacrificed to hypothetical benefits such as “order.” But in point of fact, such immolations have been very common. To the extent that the ideal is at least paid lip service, this result is the outcome of individual struggles against the collective instinct for a quiet life.

A brick could be used to suppress the price of gold. But not for very long, because once the people realize the unrealized potential in undercutting the central bankers, gold will rise and fiat currency will sink.


She went about her work. By sundown she owned a restaurant and a flophouse, the Fiat Bank branch by the dock was on fire, and two pirate captains were dueling for her hand as she sold prostitutes in lots of half a hundred.

The problem with fiat is that simply maintaining the wealth you already own requires significant active management and expert decision-making. You need to develop expertise in portfolio allocation, risk management, stock and bond valuation, real estate markets, credit markets, global macro trends, national and international monetary policy, commodity markets, geopolitics, and many other arcane and highly specialized fields in order to make informed investment decisions that allow you to maintain the wealth you already earned. You effectively need to earn your money twice with fiat, once when you work for it, and once when you invest it to beat inflation. The simple gold coin saved you from all of this before fiat.

Pickleball IS life. In fact, the game should replace fiat currency as a facilitator of trade. If you want to sell something tangible like a duck, why price it in dollars? Just haggle over units of pickleball play equal in value to a swimming bird.

Tess's feminine hope - shall we confess it - had been so obstinately recuperative as to revive in her surreptitious visions of a domiciliary intimacy continued long enough to break down his coldness even against his judgement. Though unsophisticated in the usual sense, she was not incomplete; and it would have denoted deficiency of womanhood if she had not instinctively known what an argument lies in propinquity. Nothing else would save her, she knew, if this failed. It was wrong to hope in what was of the nature of strategy, she said to herself; yet that sort of hope she could not extinguish. His last representation had now been made, and it was, as she said, a new view. She had truly never though so far as that, and his lucid picture of possible offspring who would scorn her was one that brought deadly conviction to an honest heart which was humanitarian to its centre. Sheer experience had already taught her that, in some circumstances, there was one thing better than to lead a good life, and that was to be saved from leading any life whatever. Like all who have been previsioned by suffering, she could, in the words of M. Sully-Prudhomme, hear a penal sentence in the fiat, 'You shall be born,' particularly if addressed to potential issue or hers.

There was no tenure committee or central committee, however, to lift Oprah out of the societal mud-to say, for example, to Phil Donahue, "Move over Phil, we need a person of color to put in prime time for diversity's sake." The power Oprah Winfrey has been able to accumulate refutes every cliché of the political left. Her psychological power over her mainly white audience has made her the first individual in history able to create a best-seller by fiat and the millions in revenues that go with it. She is a film-making industry in herself. She has shown that the barriers of race, class, and gender are not insuperable obstacles to advancement in America any more than residual anti-Semitism or prejudice against the Irish create impenetrable "hierarchies" of oppression to bar those groups' ascent.

The late Mr. David Hume, in his posthumous works, places the powers of generation much above those of our boasted reason; and adds, that reason can only make a machine, as a clock or a ship, but the power of generation makes the maker of the machine; ... he concludes, that the world itself might have been generated, rather than created ; that is, it might have been gradually produced from very small beginnings, increasing by the activity of its inherent principles, rather than by a sudden evolution of the whole by the Almighty fiat.

Bags of potato chips have so much air they could be used as cushions for suicidal skyscraper jumpers. That's called inflation, because you spend more money and get less product. But here on my duck farm, we know the value of a dollar—and that's why we don't accept them.

Realism maintains that universal moral principles cannot be applied to the actions of states in their abstract universal formulation, but that they must be filtered through the concrete circumstances of time and place. The individual may say for himself: "Fiat justitia, pereat mundus (Let justice be done, even if the world perish)," but the state has no right to say so in the name of those who are in its care. Both individual and state must judge political action by universal moral principles, such as that of liberty. Yet while the individual has a moral right to sacrifice himself in defense of such a moral principle, the state has no right to let its moral disapprobation of the infringement of liberty get in the way of successful political action, itself inspired by the moral principle of national survival.

Nove fiate già appresso lo mio nascimento era tornato lo cielo de la luce quasi a uno medesimo punto, quanto a la sua propria girazione, quando a li miei occhi apparve prima la gloriosa donna de la mia mente, la quale fu chiamata da molti Beatrice, li quali non sapeano che si chiamare.

Cryptocurrency should never and will never replace government issued fiat currently. The value of Cryptocurrency is limited to very specific use-cases and small social ecosystems with specific common objectives. That’s not a bad thing. It’s good when things are applied strictly to their proper use cases.

The oldest recorded example of fiat money was jiaozi, a paper currency issued by the Song dynasty in China in the tenth century. Initially, jiaozi was a receipt for gold or silver, but then government controlled its issuance and suspended redeemability, increasing the amount of currency printed until it collapsed. The Yuan dynasty also issued fiat currency in 1260, named chao, and exceeded the supply far beyond the metal backing, with predictably disastrous consequences. As the value of the money collapsed, the people fell into abject poverty, with many peasants resorting to selling their children into debt slavery.

When I worked as a concierge, I loved getting a pat on the back from a guest, because it's like a tip, only better, because it doesn't devalue like fiat currency, and it will buy me food at the store. Oh yes, shared body language is the best facilitator of trade, and here on my duck farm I accept high-fives for eggs.

From October 2003, I uncovered the following quote, which fully expressed the climate of fear of the time --- "Any democratic government, whether threatened by real or perceived enemies, can succumb to Fascism if its people permit the slow or precipitate undoing, by executive or legislative fiat, of their civil liberties.

I liked the way the Jewish religion seemed, on the whole, to have devoted so much energy and art to finding loopholes in its crazy laws; I like what this seemed to me to imply about its attitude toward God, that dictatorial and arbitrary old fuck with his curses and his fiats and his yen for the smell of burnt shoulder meat.

The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again.

A Law cannot give to Bills that intrinsick Value, which the universal Consent of Mankind has annexed to Silver and Gold

The dollar is continually worth less until it's finally worthless. That's how it was designed. It's not money. It's a financial weapon.

The cry: Audacity! is a Fiat lux. It is necessary, for the sake of the forward march of the human race, that there should be proud lessons of courage permanently on the heights. Daring deeds dazzle history and are one of man’s great sources of light. The dawn dares when it rises. To attempt, to brave, to persist, to persevere, to be faithful to one’s self, to grasp fate bodily, to astound catastrophe by the small amount of fear that it occasions us, now to affront unjust power, again to insult drunken victory, to hold one’s position, to stand one’s ground; that is the example which nations need, that is the light which electrifies them. The same formidable lightning proceeds from the torch of Prometheus to Cambronne’s short pipe.

No country, state, town or people can run into debt without losing a corresponding amount of freedom,” he would say. “The average American doesn’t understand the difference between sound money, fractional money or fiat money.1 Nor do they understand the hidden tax of inflation and that it is by design. Most do not know how much our national debt is, nor do they care.” He

In retrospect, the major difference between World War I and the previous limited wars was neither geopolitical nor strategic, but rather, it was monetary. When governments were on a gold standard, they had direct control of large vaults of gold while their people were dealing with paper receipts of this gold. The ease with which a government could issue more paper currency was too tempting in the heat of the conflict, and far easier than demanding taxation from the citizens. Within a few weeks of the war starting, all major belligerents had suspended gold convertibility, effectively going off the gold standard and putting their population on a fiat standard, wherein the money they used was government-issued paper that was not redeemable for gold.

But the most important finding of all is that happiness does not really depend on objective conditions of either wealth, health or even community, Rather, it depends on the correlation between objective conditions and subjective expectations. If you want a bullock-cart and get a bullock-cart, you are content. If you want a brand-new Ferrari and get only a second-hand Fiat you feel deprived. This is why winning the lottery has, over time, the same impact on people's happiness as a debilitating car accident. When things improve, expectations balloon, and consequently even dramatic improvements in objective conditions can leave us dissatisfied. When things deteriorate, expectations shrink, and consequently even a severe illness might leave you pretty much as happy as you were before.

Now imagine one day hyperinflation strikes, and the price of your ribeye increases to one hundred dollars while your daily wage remains ten dollars. What happens to the price of your basket of goods? It cannot rise tenfold because you cannot afford the one-hundred-dollar ribeye. Instead, you make do with the chemical shitstorm that is a soy burger for ten dollars. The CPI, magically, shows zero inflation.

Ciao, bello!' The coal-eyed beauty who had kissed Jason through the Fiat's window appeared through the crowd, her pretty red mouth smiling. Utterly ignoring Storm, she perched herself on the table next to Jason. 'Ciao, bella,' he smiled. 'Vuoi ballare?' 'She wants me to dance,' he explained to Storm, peering round the girl's adolescent bottom. 'I know,' she replied shortly. 'I've got a degree in Italian.

The scale of the climate challenge is so vast that it cannot be met solely by grassroots groups and corporations, no matter how Green. The situation requires government fiat to set rules and enforce them. Specifically, the four major energy-using governments—the European Union, the United States, China, and India—have to get tough. If all four do the right thing, there’s hope. So far the European governments have led the way.

Leadership means making choices and then rallying the team around those choices. One thing I had learned from my dad’s experience as a senior Indian government official was that few tasks are more difficult than building a lasting institution. The choice of leading through consensus versus fiat is a false one. Any institution-building comes from having a clear vision and culture that works to motivate progress both top-down and bottom-up.

When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money.

The high road to all perfection is pointed out in the "Our Father." "Fiat voluntas tua." Say this with your lips as well as you can; and still more perfectly in your heart, and be assured that, with this interior disposition nothing is wanting to you, nor ever will be. Learn by this to find repose in no matter what difficulties and troubles, because all will come right when God pleases, and according to our desires, if He should will it so, or permit it.

The core of the evolution controversy can thus be phrased in simple terms: Did mind create matter? Or did matter give rise to mind? According to a theistic worldview, mind is primary. It is the fundamental creative force in the universe (whether God created the world quickly by fiat or slowly by a gradual process). Darwin reversed things. According to his theory, matter is the primary creative force, and mind emerged only very late in evolutionary history.10

What are the temples which Roman robbers have reared—what are the towers in which feudal oppression has fortified itself...to the deep forests which the eye of God has alone pervaded, and where Nature, in her unviolated sanctuary, has for ages laid her fruits and flowers on His altar! What is the echo of roofs...or of aisles that pealed the anthems of painted pomp, to the silence that has reigned in these dim groves since the first fiat of Creation was spoken.

Religions are vague, of course. This means that they are easy to follow -you can interpret their prescriptions as you like. but it also means that it is easy to slip up -there is always some injunction you are violating. But Islam has no religious establishment - no popes, no bishops - that can declare by fiat which is the correct interpretation. As a result, the decision to oppose the state on the grounds that is insufficiently Islamic belongs to anyone who wishes to exercise it.

Will not mankind, which was born in the desert, as all the sources attest, have to return there to its cradle? And then to whom will he turn for advice, this sweaty urbanite, with his broken-down Fiat, with his refrigerator and no place to plug it in? Will he not start searching for the Turkman with the gray beard, the Tuareg wrapped in a turban? They know where the wells are, which means that they know the secret of survival and salvation. Their knowledge, devoid of scholasticism and doctrinairism, is great, because it serves life. In Europe they have the habit of writing that people of the desert are backward, even extremely backward. And it doesn’t occur to anyone that this is no way to judge a people who have been able to survive millennia under the most dire conditions, producing a culture that is most valuable because it is practical, a culture that allowed entire nations to exist and develop while during that very same time many sedentary civilizations fell and disappeared forever from the face of the earth.

As with all Torino stories, there was to be a final, weird, twist to this tale. In 2000 Torino appointed a new president. He was a life-long Torino fan and had worked as a spokesman for FIAT. His name? Attilio Romero. The same Attilio ‘Tilli’ Romero who had run over his idol – Gigi Meroni – in 1967. The club was now run by a man who had killed one of its most famous players, albeit by accident. This bizarre fact did not pass without comment. Some fans, unhappy at the performance of the team, took to shouting ‘murderer’ at Romero.

He attacked Oriati Mbo with all his powers. Schools to seduce the young. Banks to issue loans, loans to put Oriati into debt, debt to give him an excuse to seize their land and property. He built toll roads and canals for exclusive trade. He gave his allies inoculations against disease. He brutalized the Oriati currencies with counterfeiting and debasement, flooding their continent with fake money so they would turn to the stable, reliable Falcresti fiat note as their trade coin. It was precisely how he captured Taranoke. It failed utterly.

لا بحلم انى أكون فاندام ولا أصلا بحب ال Gem ولا باكل فى KFC ولا بلبس فى بدل Slim وبلعب كورة فى الشارع وبدايق أوى لو قالوا علشان طولك الفارع تُقفلِنا جون :( وأحيانا بكون مجنون وأمشى بلبس صيفى خفيف فــ عز البرد وأحيانا ياخدنى حنينى وأرجع للرومانسية وأجيب لخطيبتى صحبة ورد ♥ لا مرة حلمنا بالفيلا ولا قولنا ال fiat وحشة نحط فلوسنا فـ Corolla ياإما فــ Ford صحيح نفسى أجيب Iphone ومرة حلمت خير قال ايه راكب ليموزين :D لكن هفضل أقول دايما لا عايزين سلطة ولا عايزين خزاين مال ولا فى حد يقدر يشتري بفلوسه راحة البال ^^ فقرا صحيح ومش لاقيين لكن كل اللى عارفينه وفاهمينه وعايزينه سيبونا نعيش كبنى آدمين :)

Unsurprisingly, these [university] departments are heavily populated with semiliterate intellectual midgets of the Marxist variety, as that ideology is perfectly conducive to the furthering of government power and the anointing of a parasitic, unproductive class to control the lives of the productive.

Martin, perceiving some shelves filled with English books, said to the senator, “I fancy that a republican must be highly delighted with those books, which are most of them written with a noble spirit of freedom.” “It is noble to write as we think,” said Pococurante; “it is the privilege of humanity. Throughout Italy we write only what we do not think; and the present inhabitants of the country of the Caesars and Antonines dare not acquire a single idea without the permission of a Dominican father. I should be enamored of the spirit of the English nation, did it not utterly frustrate the good effects it would produce by passion and the spirit of party.” Candide, seeing a Milton, asked the senator if he did not think that author a great man. “Who?” said Pococurante sharply; “that barbarian who writes a tedious commentary in ten books of rumbling verse, on the first chapter of Genesis? that slovenly imitator of the Greeks, who disfigures the creation, by making the Messiah take a pair of compasses from Heaven’s armory to plan the world; whereas Moses represented the Diety as producing the whole universe by his fiat? Can I think you have any esteem for a writer who has spoiled Tasso’s Hell and the Devil; who transforms Lucifer sometimes into a toad, and at others into a pygmy; who makes him say the same thing over again a hundred times; who metamorphoses him into a school–divine; and who, by an absurdly serious imitation of Ariosto’s comic invention of firearms, represents the devils and angels cannonading each other in Heaven? Neither I nor any other Italian can possibly take pleasure in such melancholy reveries; but the marriage of Sin and Death, and snakes issuing from the womb of the former, are enough to make any person sick that is not lost to all sense of delicacy. This obscene, whimsical, and disagreeable poem met with the neglect it deserved at its first publication; and I only treat the author now as he was treated in his own country by his contemporaries.

Le cri : Audace ! est un Fiat lux. Il faut, pour la marche en avant du genre humain, qu’il y ait sur les sommets, en permanence, de fières leçons de courage. Les témérités éblouissent l’histoire et sont une des grandes clartés de l’homme. L’aurore ose quand elle se lève. Tenter, braver, persister, persévérer, s’être fidèle à soi-même, prendre corps à corps le destin, étonner la catastrophe par le peu de peur qu’elle nous fait, tantôt affronter la puissance injuste, tantôt insulter la victoire ivre, tenir bon, tenir tête ; voilà l’exemple dont les peuples ont besoin, et la lumière qui les électrise. Le même éclair formidable va de la torche de Prométhée au brûle-gueule de Cambronne.

Fiat-money! Let the State 'create' money, and make the poor rich, and free them from the bonds of the capitalists! How foolish to forego the opportunity of making everybody rich, and consequently happy, that the State's right to create money gives it! How wrong to forego it simply because this would run counter to the interests of the rich! How wicked of the economists to assert that it is not within the power of the State to create wealth by means of the printing press!- You statesmen want to build railways, and complain of the low state of the exchequer? Well, then, do not beg loans from the capitalists and anxiously calculate whether your railways will bring in enough to enable you to pay interest and amortization on your debt. Create money, and help yourselves.

Like all financial schemes, the Mississippi Scheme was constructed upon the volatile foundation of confidence. For the public to continue to use the Banque Royale’s banknotes, it had to remain confident that those banknotes would retain and represent their stated face value. And for the public to continue to invest in Mississippi Company shares, it had to remain confident that the prospects of the Mississippi Company justified the market price of the shares.

The case for bitcoin as a cash item on a balance sheet is very compelling for anyone with a time horizon extending beyond four years. Whether or not fiat authorities like it, bitcoin is now in free-market competition with many other assets for the world’s cash balances. It is a competition bitcoin will win or lose in the market, not by the edicts of economists, politicians, or bureaucrats. If it continues to capture a growing share of the world’s cash balances, it continues to succeed. As it stands, bitcoin’s role as cash has a very large total addressable market. The world has around $90 trillion of broad fiat money supply, $90 trillion of sovereign bonds, $40 trillion of corporate bonds, and $10 trillion of gold. Bitcoin could replace all of these assets on balance sheets, which would be a total addressable market cap of $230 trillion. At the time of writing, bitcoin’s market capitalization is around $700 billion, or around 0.3% of its total addressable market. Bitcoin could also take a share of the market capitalization of other semihard assets which people have resorted to using as a form of saving for the future. These include stocks, which are valued at around $90 trillion; global real estate, valued at $280 trillion; and the art market, valued at several trillion dollars. Investors will continue to demand stocks, houses, and works of art, but the current valuations of these assets are likely highly inflated by the need of their holders to use them as stores of value on top of their value as capital or consumer goods. In other words, the flight from inflationary fiat has distorted the U.S. dollar valuations of these assets beyond any sane level. As more and more investors in search of a store of value discover bitcoin’s superior intertemporal salability, it will continue to acquire an increasing share of global cash balances.

Imbolc ceremony may be an invocation of the sheer magic of the energy to be. If one has ever been deprived of it - in depression, illness, uncertainty, the mists of apathy – one knows the beauty and preciousness of this Urge to Be: and it may be consciously nurtured, tended, and rejoiced in – Life/Creativity WILL proceed! It is a blessed thing – it is an Annunciation; in this Cosmology we all bear the Promised One. We are the Promised One. Each has a particular Creativity to deliver that no-one else can, and this ceremonial moment is an opportunity to say “Yes” and commit one’s self to the flourishing of your small part, which is a totally unique beauty in the history of the Universe. Mary’s “Fiat” in the Christian tradition can be seen this way – but unfortunately it is used to support a dominating, colonizing power structure. In the PaGaian Imbolc ceremony, Mary’s yes is reclaimed in the context of saying “Yes” to each one’s particular Creativity, each one’s responsibility as a Promise of Life.

Revelation. I understand the mechanism of my own thinking. I know precisely how I know, and my understanding is recursive. I understand the infinite regress of this self-knowing, not by proceeding step by step endlessly, but by apprehending the limit. The nature of recursive cognition is clear to me. A new meaning of the term ‘self-aware.’ Fiat logos. I know my mind in terms of a language more expressive than any I’d previously imagined. Like God creating order from chaos with an utterance, I make myself anew with this language. It is meta-self-descriptive and self-editing; not only can it describe thought, it can describe and modify its own operations as well, at all levels. What Gödel would have given to see this language, where modifying a statement causes the entire grammar to be adjusted. With this language, I can see how my mind is operating. I don’t pretend to see my own neurons firing; such claims belong to John Lilly and his LSD experiments of the sixties. What I can do is perceive the gestalts; I see the mental structures forming, interacting. I see myself thinking, and I see the equations that describe my thinking, and I see myself comprehending the equations, and I see how the equations describe their being comprehended. I know how they make up my thoughts. These thoughts. Initially I am overwhelmed by all this input, paralyzed with awareness of my self. It is hours before I can control the flood of self-describing information. I haven’t filtered it away, nor pushed it into the background. It’s become integrated into my mental processes, for use during my normal activities. It will be longer before I can take advantage of it, effortlessly and effectively, the way a dancer uses her kinesthetic knowledge. All that I once knew theoretically about my mind, I now see detailed explicitly. The undercurrents of sex, aggression, and self-preservation, translated by the conditioning of my childhood, clash with and are sometimes disguised as rational thought. I recognize all the causes of my every mood, the motives behind my every decision. What

Atreverse; el progreso se obtiene a este precio. Todas las conquistas sublimes son, más o menos, premios al atrevimiento. Para que la Revolución exista, no basta con que Montesquieu la presienta, ni con que Diderot la predique, ni con que Beaumarchais la anuncie, ni con que Condorcet la calcule, ni con que Arouet la prepare, ni con que Rousseau la premedite; es preciso que Danton se atreva. El grito «¡Audacia!» es un fiat lux. Para la marcha hacia delante del género humano es preciso que encuentre en las cumbres de la sociedad ejemplos permanentes y altivos de valor. La temeridad deslumbra a la historia, y es una gran luz para el hombre. La aurora es audaz cuando se eleva sobre el horizonte. Intentar, desafiar, persistir, perseverar, ser fiel a sí mismo, hacer frente al destino, asombrar a la catástrofe por el poco miedo que nos infunde, ya sea enfrentándose a los poderes injustos o insultando a la victoria ebria, resistir y persistir; he aquí el ejemplo que necesitan los pueblos y la luz que los electriza. El mismo formidable relámpago va de la antorcha de Prometeo al botafuego de Cambronne.

He was walking down a narrow street in Beirut, Lebanon, the air thick with the smell of Arabic coffee and grilled chicken. It was midday, and he was sweating badly beneath his flannel shirt. The so-called South Lebanon conflict, the Israeli occupation, which had begun in 1982 and would last until 2000, was in its fifth year. The small white Fiat came screeching around the corner with four masked men inside. His cover was that of an aid worker from Chicago and he wasn’t strapped. But now he wished he had a weapon, if only to have the option of ending it before they took him. He knew what that would mean. The torture first, followed by the years of solitary. Then his corpse would be lifted from the trunk of a car and thrown into a drainage ditch. By the time it was found, the insects would’ve had a feast and his mother would have nightmares, because the authorities would not allow her to see his face when they flew his body home. He didn’t run, because the only place to run was back the way he’d come, and a second vehicle had already stopped halfway through a three-point turn, all but blocking off the street. They exited the Fiat fast. He was fit and trained, but he knew they’d only make it worse for him in the close confines of the car if he fought them. There was a time for that and a time for raising your hands, he’d learned. He took an instep hard in the groin, and a cosh over the back of his head as he doubled over. He blacked out then. The makeshift cell Hezbollah had kept him in in Lebanon was a bare concrete room, three metres square, without windows or artificial light. The door was wooden, reinforced with iron strips. When they first dragged him there, he lay in the filth that other men had made. They left him naked, his wrists and ankles chained. He was gagged with rag and tape. They had broken his nose and split his lips. Each day they fed him on half-rancid scraps like he’d seen people toss to skinny dogs. He drank only tepid water. Occasionally, he heard the muted sound of children laughing, and smelt a faint waft of jasmine. And then he could not say for certain how long he had been there; a month, maybe two. But his muscles had wasted and he ached in every joint. After they had said their morning prayers, they liked to hang him upside down and beat the soles of his feet with sand-filled lengths of rubber hose. His chest was burned with foul-smelling cigarettes. When he was stubborn, they lay him bound in a narrow structure shaped like a grow tunnel in a dusty courtyard. The fierce sun blazed upon the corrugated iron for hours, and he would pass out with the heat. When he woke up, he had blisters on his skin, and was riddled with sand fly and red ant bites. The duo were good at what they did. He guessed the one with the grey beard had honed his skills on Jewish conscripts over many years, the younger one on his own hapless people, perhaps. They looked to him like father and son. They took him to the edge of consciousness before easing off and bringing him back with buckets of fetid water. Then they rubbed jagged salt into the fresh wounds to make him moan with pain. They asked the same question over and over until it sounded like a perverse mantra. “Who is The Mandarin? His name? Who is The Mandarin?” He took to trying to remember what he looked like, the architecture of his own face beneath the scruffy beard that now covered it, and found himself flinching at the slightest sound. They had peeled back his defences with a shrewdness and deliberation that had both surprised and terrified him. By the time they freed him, he was a different man.  

No man should ever make anything except in the spirit in which a woman bears a child, in the spirit in which Christ was formed in Mary's womb, in the love with which God created the world. The integral goodness and fittingness of the work of a man's hands or mind is sacred. He must have it in his heart to make it. His imagination must see it, and its purpose, before it exists in material. His whole life must be disciplined to gain and keep the skill to make it. He must, having conceived it, allow it to grow within him, until at last it flows from him and is woven of his life and is the visible proof that he has uttered his fiat: “Be it done unto me according to thy word!” Yes, according to the will of God, as an expression of the love of God. So that it is possible to whisper in wonder and awe, and without irreverence, on seeing the finished work: “The Word is made flesh.” Every work that we do should be a part of the Christ forming in us which is the meaning of our life, to it we must bring the patience, the self-giving, the time of secrecy, the gradual growth of Advent. This Advent in work applies to all work, not only that which produces something permanent in time but equally to the making of a carving in wood or

O my God! how much I long to be the missionary of Your holy will, and to teach all men that there is nothing more easy, more attainable, more within reach, and in the power of everyone, than sanctity. How I wish that I could make them understand that just as the good and the bad thief had the same things to do and to suffer; so also two persons, one of whom is worldly and the other leading an interior and wholly spiritual life have, neither of them, anything different to do or to suffer; but that one is sanctified and attains eternal happiness by submission to Your holy will in those very things by which the other is damned because he does them to please himself, or endures them with reluctance and rebellion. This proves that it is only the heart that is different. Oh! all you that read this, it will cost you no more than to do what you are doing, to suffer what you are suffering, only act and suffer in a holy manner. It is the heart that must be changed. When I say heart, I mean will. Sanctity, then, consists in willing all that God wills for us. Yes! sanctity of heart is a simple “fiat,” a conformity of will with the will of God. What could be more easy, and who could refuse to love a will so kind and so good? Let us love it then, and this love alone will make everything in us divine.

centuries-long debate over the nature of money can be reduced to two sides. One school sees money as merely a commodity, a preexisting thing, with its own inherent value. This group believes that societies chose certain commodities to become mutually recognized units of exchange in order to overcome the cumbersome business of barter. Exchanging sheep for bread was imprecise, so in our agrarian past traders agreed that a certain commodity, be it shells or rocks or gold, could be a stand-in for everything else. This “metallism” viewpoint, as it is known, encourages the notion that a currency should itself be, or at least be backed by, some tangible material. This orthodox view of currency is embraced by many gold bugs and hard-money advocates from the so-called Austrian school of economics, a group that has enjoyed a renaissance in the wake of the financial crisis with its critiques of expansionist central-bank policies and inflationary fiat currencies. They blame the asset bubble that led to the crisis on reckless monetary expansion by unfettered central banks. The other side of the argument belongs to the “chartalist” school, a group that looks past the thing of currency and focuses instead on the credit and trust relationships between the individual and society at large that currency embodies. This view, the one we subscribe to and which informs

SECTION XI.--The Strength of Simplicity. The soul in the state of abandonment knows how to see God even in the proud who oppose His action. All creatures, good or evil, reveal Him to it. __________________________________________________________________ The whole practice of the simple soul is in the accomplishment of the will of God. This it respects even in those unruly actions by which the proud attempt to depreciate it. The proud soul despises one in whose sight it is as nothing, who beholds only God in it, and in all its actions. Often it imagines that the modesty of the simple soul is a mark of appreciation for itself; when, all the time, it is only a sign of that loving fear of God and of His holy will as shown to it in the person of the proud. No, poor fool, the simple soul fears you not at all. You excite its compassion; it is answering God when you think it is speaking to you: it is with Him that it believes it has to do; it regards you only as one of His slaves, or rather as a mask with which He disguises Himself. Therefore the more you take a high tone, the lower you become in its estimation; and when you think to take it by surprise, it surprises you. Your wiles and violence are just favours from Heaven. The proud soul cannot comprehend itself, but the simple soul, with the light of faith, can very clearly see through it. The finding of the divine action in all that occurs at each moment, in and around us, is true science, a continuous revelation of truth, and an unceasingly renewed intercourse with God. It is a rejoicing with the Spouse, not in secret, nor by stealth, in the cellar, or the vineyard, but openly, and in public, without any human respect. It is a fund of peace, of joy, of love, and of satisfaction with God who is seen, known, or rather, believed in, living and operating in the most perfect manner in everything that happens. It is the beginning of eternal happiness not yet perfectly realised and tasted, except in an incomplete and hidden manner. The Holy Spirit, who arranges all the pieces on the board of life, will, by this fruitful and continual presence of His action, say at the hour of death, "fiat lux," "let there be light" (Gen. i, 14), and then will be seen the treasures which faith hides in this abyss of peace and contentment with God, and which will be found in those things that have been every moment done, or suffered for Him. When God gives Himself thus, all that is common becomes wonderful; and it is on this account that nothing seems to be so, because this way is, in itself, extraordinary. Consequently it is unnecessary to make it full of strange and unsuitable marvels. It is, in itself, a miracle, a revelation, a constant joy even with the prevalence of minor faults. But it is a miracle which, while rendering all common and sensible things wonderful, has nothing in itself that is sensibly marvellous.

It was as if we had made something very simple incredibly complicated. Here were these bodies, ready to reproduce, controlled against reproduction, then stimulated for an eventual reproduction that was put on ice. My friends who wanted to prolong their fertility did so, now that they were in their thirties and professionally successful, because circumstances in their lives had not lined up as planned. They had excelled at their jobs. They had nice apartments and enough money to comfortably start a family, but they lacked a domestic companion who would provide the necessary genetic material, lifelong support, and love. They wanted to be the parents they had grown up under, but love couldn't be engineered, and ovaries could. Hanging over all of this was an idea of choice, an arbitrary linking of goals and outcomes, which reduced structural, economic and technological change to individual decision. "The right to choose"―the right to birth control and abortion services―is different from the idea of choice I mean here. I mean that the baby question justified a fiction that one had to conform one's life to a uniform box by a certain deadline. If the choice were only to have a baby or not, then anybody who wanted a baby and was physically able would simply have one (as many people did), but what I saw with my friends was that it wasn’t actually about the choice of having a baby but of setting up a nuclear family, which unfortunately could not, unlike making a baby, happen more or less by fiat.

Westerners, not just Lincoln Steffens. It took in the Central Intelligence Agency of the United States. It even took in the Soviet Union’s own leaders, such as Nikita Khrushchev, who famously boasted in a speech to Western diplomats in 1956 that “we will bury you [the West].” As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition, Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012. Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites. In addition, once all the very inefficiently used resources had been reallocated to industry, there were few economic gains to be had by fiat. Then the Soviet system hit a roadblock, with lack of innovation and poor economic incentives preventing any further progress. The only area in which the Soviets did manage to sustain some innovation was through enormous efforts in military and aerospace technology. As a result they managed to put the first dog, Leika, and the first man, Yuri Gagarin, in space. They also left the world the AK-47 as one of their legacies. Gosplan was the supposedly all-powerful planning agency in charge of the central planning of the Soviet economy. One of the benefits of the sequence of five-year plans written and administered by Gosplan was supposed to have been the long time horizon necessary for rational investment and innovation. In reality, what got implemented in Soviet industry had little to do with the five-year plans, which were frequently revised and rewritten or simply ignored. The development of industry took place on the basis of commands by Stalin and the Politburo, who changed their minds frequently and often completely revised their previous decisions. All plans were labeled “draft” or “preliminary.” Only one copy of a plan labeled “final”—that for light industry in 1939—has ever come to light. Stalin himself said in 1937 that “only bureaucrats can think that planning work ends with the creation of the plan. The creation of the plan is just the beginning. The real direction of the plan develops only after the putting together of the plan.” Stalin wanted to maximize his discretion to reward people or groups who were politically loyal, and punish those who were not. As for Gosplan, its main role was to provide Stalin with information so he could better monitor his friends and enemies. It actually tried to avoid making decisions. If you made a decision that turned

Geopolitics is ultimately the study of the balance between options and lim­itations. A country's geography determines in large part what vulnerabilities it faces and what tools it holds. "Countries with flat tracks of land -- think Poland or Russia -- find building infrastructure easier and so become rich faster, but also find them­selves on the receiving end of invasions. This necessitates substantial stand­ing armies, but the very act of attempting to gain a bit of security automat­ically triggers angst and paranoia in the neighbors. "Countries with navigable rivers -- France and Argentina being premier examples -- start the game with some 'infrastructure' already baked in. Such ease of internal transport not only makes these countries socially uni­fied, wealthy, and cosmopolitan, but also more than a touch self-important. They show a distressing habit of becoming overimpressed with themselves -- and so tend to overreach. "Island nations enjoy security -- think the United Kingdom and Japan -- in part because of the physical separation from rivals, but also because they have no choice but to develop navies that help them keep others away from their shores. Armed with such tools, they find themselves actively meddling in the affairs of countries not just within arm's reach, but half a world away. "In contrast, mountain countries -- Kyrgyzstan and Bolivia, to pick a pair -- are so capital-poor they find even securing the basics difficult, mak­ing them largely subject to the whims of their less-mountainous neighbors. "It's the balance of these restrictions and empowerments that determine both possibilities and constraints, which from my point of view makes it straightforward to predict what most countries will do: · The Philippines' archipelagic nature gives it the physical stand-off of is­lands without the navy, so in the face of a threat from a superior country it will prostrate itself before any naval power that might come to its aid. · Chile's population center is in a single valley surrounded by mountains. Breaching those mountains is so difficult that the Chileans often find it easier to turn their back on the South American continent and interact economically with nations much further afield. · The Netherlands benefits from a huge portion of European trade because it controls the mouth of the Rhine, so it will seek to unite the Continent economically to maximize its economic gain while bringing in an exter­nal security guarantor to minimize threats to its independence. · Uzbekistan sits in the middle of a flat, arid pancake and so will try to expand like syrup until it reaches a barrier it cannot pass. The lack of local competition combined with regional water shortages adds a sharp, brutal aspect to its foreign policy. · New Zealand is a temperate zone country with a huge maritime frontage beyond the edge of the world, making it both wealthy and secure -- how could the Kiwis not be in a good mood every day? "But then there is the United States. It has the fiat lands of Australia with the climate and land quality of France, the riverine characteristics of Germany with the strategic exposure of New Zealand, and the island fea­tures of Japan but with oceanic moats -- and all on a scale that is quite lit­erally continental. Such landscapes not only make it rich and secure beyond peer, but also enable its navy to be so powerful that America dominates the global oceans.

Quod siquis dicat, Ergone populus tyrannicae crudelitati & furori jugulum semper praebebit? Ergone multitude civitates suas fame, ferro, & flamma vastari, seque, conjuges, & liberos fortunae ludibrio & tyranni libidini exponi, inque omnia vitae pericula omnesque miserias & molestias a rege deduci patientur? Num illis quod omni animantium generi est a natura tributum, denegari debet, ut sc. vim vi repellant, seseq; ab injuria, tueantur? Huic breviter responsum sit, Populo universo negari defensionem, quae juris naturalis est, neque ultionem quae praeter naturam est adversus regem concedi debere. Quapropter si rex non in singulares tantum personas aliquot privatum odium exerceat, sed corpus etiam reipublicae, cujus ipse caput est, i.e. totum populum, vel insignem aliquam ejus partem immani & intoleranda saevitia seu tyrannide divexet; populo, quidem hoc casu resistendi ac tuendi se ab injuria potestas competit, sed tuendi se tantum, non enim in principem invadendi: & restituendae injuriae illatae, non recedendi a debita reverentia propter acceptam injuriam. Praesentem denique impetum propulsandi non vim praeteritam ulciscenti jus habet. Horum enim alterum a natura est, ut vitam scilicet corpusque tueamur. Alterum vero contra naturam, ut inferior de superiori supplicium sumat. Quod itaque populus malum, antequam factum sit, impedire potest, ne fiat, id postquam factum est, in regem authorem sceleris vindicare non potest: populus igitur hoc amplius quam privatus quispiam habet: quod huic, vel ipsis adversariis judicibus, excepto Buchanano, nullum nisi in patientia remedium superest. Cum ille si intolerabilis tyrannus est (modicum enim ferre omnino debet) resistere cum reverentia possit, Barclay contra Monarchom. 1. iii. c. 8.

In short the only fully rational world would be the world of wishing-caps, the world of telepathy, where every desire is fulfilled instanter, without having to consider or placate surrounding or intermediate powers. This is the Absolute's own world. He calls upon the phenomenal world to be, and it IS, exactly as he calls for it, no other condition being required. In our world, the wishes of the individual are only one condition. Other individuals are there with other wishes and they must be propitiated first. So Being grows under all sorts of resistances in this world of the many, and, from compromise to compromise, only gets organized gradually into what may be called secondarily rational shape. We approach the wishing-cap type of organization only in a few departments of life. We want water and we turn a faucet. We want a kodak-picture and we press a button. We want information and we telephone. We want to travel and we buy a ticket. In these and similar cases, we hardly need to do more than the wishing—the world is rationally organized to do the rest. But this talk of rationality is a parenthesis and a digression. What we were discussing was the idea of a world growing not integrally but piecemeal by the contributions of its several parts. Take the hypothesis seriously and as a live one. Suppose that the world's author put the case to you before creation, saying: "I am going to make a world not certain to be saved, a world the perfection of which shall be conditional merely, the condition being that each several agent does its own 'level best.' I offer you the chance of taking part in such a world. Its safety, you see, is unwarranted. It is a real adventure, with real danger, yet it may win through. It is a social scheme of co-operative work genuinely to be done. Will you join the procession? Will you trust yourself and trust the other agents enough to face the risk?" Should you in all seriousness, if participation in such a world were proposed to you, feel bound to reject it as not safe enough? Would you say that, rather than be part and parcel of so fundamentally pluralistic and irrational a universe, you preferred to relapse into the slumber of nonentity from which you had been momentarily aroused by the tempter's voice? Of course if you are normally constituted, you would do nothing of the sort. There is a healthy- minded buoyancy in most of us which such a universe would exactly fit. We would therefore accept the offer—"Top! und schlag auf schlag!" It would be just like the world we practically live in; and loyalty to our old nurse Nature would forbid us to say no. The world proposed would seem 'rational' to us in the most living way. Most of us, I say, would therefore welcome the proposition and add our fiat to the fiat of the creator. Yet perhaps some would not; for there are morbid minds in every human collection, and to them the prospect of a universe with only a fighting chance of safety would probably make no appeal. There are moments of discouragement in us all, when we are sick of self and tired of vainly striving. Our own life breaks down, and we fall into the attitude of the prodigal son. We mistrust the chances of things. We want a universe where we can just give up, fall on our father's neck, and be absorbed into the absolute life as a drop of water melts into the river or the sea. The peace and rest, the security desiderated at such moments is security against the bewildering accidents of so much finite experience. Nirvana means safety from this everlasting round of adventures of which the world of sense consists. The hindoo and the buddhist, for this is essentially their attitude, are simply afraid, afraid of more experience, afraid of life. And to men of this complexion, religious monism comes with its consoling words: "All is needed and essential—even you with your sick soul and heart. All are one

Growth was so rapid that it took in generations of Westerners, not just Lincoln Steffens. It took in the Central Intelligence Agency of the United States. It even took in the Soviet Union’s own leaders, such as Nikita Khrushchev, who famously boasted in a speech to Western diplomats in 1956 that “we will bury you [the West].” As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition, Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012. Though the policies of Stalin and subsequent Soviet leaders could produce rapid economic growth, they could not do so in a sustained way. By the 1970s, economic growth had all but stopped. The most important lesson is that extractive institutions cannot generate sustained technological change for two reasons: the lack of economic incentives and resistance by the elites. In addition, once all the very inefficiently used resources had been reallocated to industry, there were few economic gains to be had by fiat. Then the Soviet system hit a roadblock, with lack of innovation and poor economic incentives preventing any further progress. The only area in which the Soviets did manage to sustain some innovation was through enormous efforts in military and aerospace technology. As a result they managed to put the first dog, Leika, and the first man, Yuri Gagarin, in space. They also left the world the AK-47 as one of their legacies. Gosplan was the supposedly all-powerful planning agency in charge of the central planning of the Soviet economy. One of the benefits of the sequence of five-year plans written and administered by Gosplan was supposed to have been the long time horizon necessary for rational investment and innovation. In reality, what got implemented in Soviet industry had little to do with the five-year plans, which were frequently revised and rewritten or simply ignored. The development of industry took place on the basis of commands by Stalin and the Politburo, who changed their minds frequently and often completely revised their previous decisions. All plans were labeled “draft” or “preliminary.” Only one copy of a plan labeled “final”—that for light industry in 1939—has ever come to light. Stalin himself said in 1937 that “only bureaucrats can think that planning work ends with the creation of the plan. The creation of the plan is just the beginning. The real direction of the plan develops only after the putting together of the plan.” Stalin wanted to maximize his discretion to reward people or groups who were politically loyal, and punish those who were not. As for Gosplan, its main role was to provide Stalin with information so he could better monitor his friends and enemies. It actually tried to avoid making decisions. If you made a decision that turned out badly, you might get shot. Better to avoid all responsibility. An example of what could happen