“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:
CITIZEN SAFETY ALERT: You Have The Right To Go Home To Your Family Too
Paul Craig Roberts: The Real Agenda Of The American Police State
Lebanon’s Banks Have the Highest Cash Reserve Ratios in the World
The Grand Experiment: Offloading Risk onto the State
Hurricane Sandy and Gas Lines
Tyler Winklevoss: Digital Darwinism
How to Lose Friends, Citizens and Influence
Why a pizza can’t fly
On The Road Again: Customize Your Life with Location Independence
David Galland: “Trained-Monkey Collaborators of Death”
Warren Buffett: How inflation swindles the equity investor [1977]
The Myth of Journalistic Objectivity
Jeffrey Tucker: Life Without the McDouble
Gupta Mea Culpa
The Shocking Real Reason for FATCA, and What Comes Next