On the Nature of Wealth and the Wealth of Nature
More than just the ultimate inflation hedge, the wealth of Nature—gold, forests, land, agriculture—and the cautious stewardship of these tangible assets over easily-inflated government “IOU’s” is what distinguishes wealth from riches. When King Louis XII, in the year 1499, formed the project of taking the Dukedom of Milan, to which he thought he had a [...]