March 27th, 1980. Known amongst commodity traders as ‘Silver Thursday‘. It was described in Harpers Magazine as “the first great panic since October 1929.” In the words of then Commodity Futures Trading Commission (CFTC) chief James Stone, it had threatened to punch a hole in the “financial fabric of the […]
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Chpt 32: It’s Character Forming
Excellence, Justice, Temperance, Hubris, Reverence and Xenia. The pillars of ancient Greek moral philosophy. The combination of which is often referred to as Kalos kagathos or Kalokagathos (Ancient Greek: καλὸς κἀγαθός). Kalokagathia is the derived noun often used by ancient Greek philosophers to describe an ideal of gentlemanly personal conduct; […]
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Chpt 31: Now Look What You’ve Made Me Do
There is an ironic correlation between Gross Domestic Product (think of it as the total ‘size’ of a country’s economy) and obesity rates. Studies have found that a 1% increase in GDP per capita was linked to a 1.23% and 1.01% increase in obesity prevalence amongst men and women, respectively. […]
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Chpt 30: No Fixed Abode
As someone who spent a lot of my school years outside of Scotland, I will freely admit my understanding of Scottish history is sparse at best. The subject of the Darien Scheme came up in relation to one of my other articles (Chpt 24.1: Profit Margin) and the discussion around […]
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Chpt 29: Grey Area
Infinite divisibility or the lack thereof. A concept that appears in philosophy, physics, economics, order theory and probability theory. As early as the 5th century BCE philosophers, Leucippus and Democritus, were theorizing a world of divisible matter beyond our human senses. The Indian philosopher Maharshi Kanada proposed the concept of […]