October 24, 2007
Korean Currency Idol

The Bank of Korea has narrowed the field of finalists from ten to four. The two winners will appear on new designs the 50,000-won or 100,000-won banknotes. Which two will be voted off next?

Posted by Lawrence H. White at 10:49 PM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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