Nico Colchester fellowship - Making words dance
Perfect information is a necessity for a perfect market, but it could well be that ignorance has played an unrecognised part in keeping price movements orderly.
November 2 1978
Have we become richer? Is the cost of that once-in-a-decade purchase reasonable? In my own effort to regain my financial bearings I have become increasingly addicted to the Mars Bar.
November 24, 1981
It is now two years since this column, provoked by incessant sterling inflation, first introduced the Mars Bar as an alternative currency. This small ingot of staple commodities is the ultimate unit of consumer wealth.
December 16, 1983
This Sunday, July 1 1990, the two post-war halves of Germany will, in all but name, be reunited. Any clauses in East Germany’s constitution that contradict it will no longer apply.
June 30, 1990
The phrase “nation-state” shows what long repetition of a wishful thought can achieve. Yet there is a feeling abroad that the era of the nation-state may be fading.
July 12, 1994
Hon David Heathcoat-Amory
Linda very kindly shipped me round a copy of your clearly written Bruges group paper on the single currency.
September 17, 1996
Crunchiness brings wealth. Wealth leads to sogginess. Sogginess brings poverty. Poverty creates crunchiness. But lurking beyond sogginess lies moral hazard and systemic drama.
October 5, 1996
To understand today’s world market economy you must first look behind the bewildering facade of percentages. Think of the world economy as 26 Italys.