Our readingWhat is a korrent?
Drawn from what Byrne Hobart said
government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.
banks can't globalize the way other firms can because the banking system is so close to a form of sovereignty: governments very carefully guard the privilege to create more money, and when they give it out, there are strings attached.
Where this was said
↗Longreads + Open Threadthediff.co
All 3 korrents from this piecethis one is 3rd
Added to korrents 20 Sept 2026 · How quotes work · Something wrong? Tell us
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I hold this tooShared subject first, then similar wording. They may agree or disagree.