Populist Nationalism And Crony-Capitalism
September 1, 2017 Leave a comment
I love elite theories. Ultimately we all have to deal with the power structures in society, even as we try to make a living.
Raghuram Rajan is always fun to follow and leaves you with penetrating insights. Let him help you understand the world, then decide what you wish to do with your understanding.
The following is reconstructed from a speech he gave at the Stigler Centre. Unfortunately I can’t find the full text anywhere online.
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July and August are months in which I normally do a great deal of heavy duty shopping. While December is the time I prefer to score statement pieces for my wardrobe as my favourite brands offer 50% offs and its still early enough in the discount cycle for the best designs and correct sizes to still be available, July-August is a great time to pick up wardrobe staples ,restock innerwear and perhaps pick up clothes that might see just one or two uses, all at steep discounts of 70% +. Yes, its possible to get more than 70+ off, even on high-end luxury brands !!! You just have to strategically use store coupons, loyalty points and all the other incentives that brands use to lure customers into shops, along with picking a mode of payment that gives you the largest discount or cashback. And yeah, you’d better have enough money in your 
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Among Chinese millionaires with a net worth of more than $1.5 million, half either plan to or are considering moving abroad.
wealthymatters 