Tag Archives: Hamiltonianism

What You Make is What You Take

America’s first treasury secretary envisioned a risk-control model that operationalized the expected value of elite authority with the expected value of its resistance. The time was right to fuse opposing values, conserving the fully assumed risk of loss by resisting … Continue reading

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Crowd Control

When the crowd takes a bullish position it is only natural for Goldman Sachs to “bet” against it. To hedge the probable risk, it is only natural to sell what you have now and buy it back later. That way … Continue reading

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When the Price is Right

In a free market, everything is legitimately priced on demand. The price to be paid is not dictated but discovered. Buyers and sellers come together, freely engaged in commerce to discover risk beyond the dimension of avoiding it. We learn … Continue reading

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Risk in the Aggregate Dimension

The Public’s Interest When we pay interest (rent) on the public debt, what are “We” renting? What’s the compelling (subordinating) interest? If my rights are endowed by the Creator, why do I have to rent it from somebody else? Why … Continue reading

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