“He may have been dubbed the founding father of economics, but, when he was alive 300 years ago, banker Richard Cantillon drew the fury of angry investors who lost money in schemes he had recommended. He was jailed briefly, but emerged with the millions he made from share dealing and currency speculation intact. Sound horribly familiar? Cantillon was the first to use the term ‘entrepreneur’, describing the vital role of risk-takers and speculators in generating economic growth. He practised what he preached, and the financial risks he took made him one of the wealthiest men in the Europe of his day.”
http://www.independent.ie/lifestyle/a-millionaire-a-market-crash-and-a-murder-29177742.html
Related posts:
By the Numbers: Does Immigration Cause Crime?
Will Grigg: Prison Profiteers
Whom would you HIRE to intervene in Syria?
Ron Paul: Legalize Competing Currencies
CIA created 9/11 blowback, American citizens paid
An Armed People in Mexico and Their Threat to the State
BusinessWeek: The Death of Equities [1979]
John Hussman: Brexit and the Bubble in Search of A Pin
Bill Bonner: Fed's QE has not created one single extra job
The Bond Bubble Is About to Burst
Champions of Dishonesty
Who Will Head the Fed? It Doesn’t Matter
Will Grigg: The Death of a Slave-Catcher
'Why I gave up my US passport'
ICANN: How top-down ‘implementation’ replaced bottom-up policymaking