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Organizations endure, however, in proportion to the breadth of the morality by which they are governed. Thus the endurance of organization depends upon the quality of leadership; and that quality derives from the breadth of the morality upon which it rests. ↗
Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions. ↗
The assumption must be that those who can see value only in tradition, or versions of it, deny man's ability to adapt to changing circumstances. ↗
Even as individuals become families and families become communities, and communities become nations, so eventually must the nations draw together in peace. ↗
#c-a-dawson-scott #communities #humanity #individuals #international-relations
