66
" Money, it is conventional to argue, is a medium of exchange, which has the advantage of eliminating inefficiencies of barter; a unit of account, which facilitates valuation and calculation; and a store of value, which allows economic transactions to be conducted over long periods as well as geographical distances. To perform all these functions optimally, money has to be available, affordable, durable, fungible, portable and reliable. "
― Niall Ferguson , The Ascent of Money: A Financial History of the World
77
" Americans of all ages, all conditions, all minds constantly unite. Not only do they have commercial and industrial associations in which all take part, but they also have a thousand other kinds: religious, moral, grave, futile, very general and very particular, immense and very small; Americans use associations to give fêtes, to found seminaries, to build inns, to raise churches, to distribute books, to send missionaries to the antipodes; in this manner they create hospitals, prisons, schools. Finally, if it is a question of bringing to light a truth or developing a sentiment with the support of a great example, they associate. 43 "
― Niall Ferguson , The Square and the Tower: Networks and Power, from the Freemasons to Facebook
79
" The task assigned to the RAND* researcher Paul Baran in 1964 was to develop a communication system that would survive a Soviet nuclear attack. Baran suggested three possible structures for such a system. It could either be ‘centralized’, with one central hub and multiple spokes, ‘decentralized’, with multiple components linked loosely together by a number of weak ties, or ‘distributed’, like a lattice or mesh. In theory, the last option was the most resilient, in that it could withstand the destruction of numerous nodes, and that was indeed "
― Niall Ferguson , The Square and the Tower: Networks and Power, from the Freemasons to Facebook