All this will increase the perceived legitimacy of wealth and society’s willingness to broaden the areas where it is spent. Thoughtful philanthropy, as reflected in the founding of this school, can  2  BIS central bankers’ speeches  further help enhance society’s acceptance of great wealth.
Finally, as you embark on careers that are likely to be very successful, you should earn by creating perceptible value and, equally, spend to create value. Not only will your work be more enjoyable, but you will strengthen the economic freedoms we sometimes take for granted. Let me turn briefly to my point about private education.