Society: Clever-Clever Finance

society: His twin mantras were that finance should be the servant not the master of economy and society, according to The Guardian. And that good government is an indispensable component of a good society, in particular keeping the temptations of clever-clever finance at bay. That could be indulging inflation as the financial outcome of governments and society living beyond their means, or investment banks deluding themselves they had uncovered the alchemy of risk-free lending through the issuance of ever more complex financial derivatives. Sound money and good government went hand in hand. Standing over 6ft 7in, and a lover of over-sized cigars and fly-fishing, he represented the best of New England liberalism genial, good humoured and steely. He practised what he preached, seizing the opportunity to embody his beliefs when the moment arrived. (news.financializer.com). As reported in the news.