Evil is the root of all money.
-- Nobuhiro Kiyotaki and John Moore
From Tim Harford's latest Dear Economist column. The context in which this quote appears is this:
[W]e need money because people simply don’t trust each other. In the words of economists Nobuhiro Kiyotaki and John Moore, “evil is the root of all money”.
1 Comments:
Going back to the endowments, I wonder how much of it came from slave trade and various dubious activities. I think that some of the famous cathedrals in England were built from money from slave trade; I do not know about the educational institutions.
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