If you’re not already familiar with it, please look at Joeseph Addison’s euphoric, unhinged allegory of speculation in the English bond market, published nine years before the South Sea Bubble and fifty-five before _The Wealth of Nations_ (_The Spectator_Issue 3: 3rd March 1711). http://www2.scc.rutgers.edu/spectator/text/march1711/no3.html . Addison’s delight that investors’ confidence in the solvency of BoE bonds spins debt into real gold is matched only by his anxiety that the state’s malicious s adversaries will undermine confidence in credit to everyone’s ruin.
The hegemony of grift.
If you’re not already familiar with it, please look at Joeseph Addison’s euphoric, unhinged allegory of speculation in the English bond market, published nine years before the South Sea Bubble and fifty-five before _The Wealth of Nations_ (_The Spectator_Issue 3: 3rd March 1711). http://www2.scc.rutgers.edu/spectator/text/march1711/no3.html . Addison’s delight that investors’ confidence in the solvency of BoE bonds spins debt into real gold is matched only by his anxiety that the state’s malicious s adversaries will undermine confidence in credit to everyone’s ruin.