KesslerThinkers

The British Empire is that which found its beginning with the invention of affordable, comfortable clothing.

Capitalism is a system based in the notion of liquidity: The ability to quickly trade in and out, in contrast to feudalism's wealth which was held in land, animals, and equipment.

Fashion is of such historical import that the british empire, it can be said, began with the invention of affordable, comfortable clothing.

Insurance is damaging to the economy insofar as it can suck money out of innovation since it is money pulled out of circulation.

Private property is key in establishing business and opening up the possibility for capital markets because as long as land was private, it could be used as collateral with banking, and credit institutions.

Private property is unsurprisingly a fundamental right insofar as it is the people in parliament with money who own property who thus pushed for strong property rights.

Value is derived from liquidity... the ability to trade in and out of holdings is the key to capital markets.