Hobbes is famous for his early and elaborate development of what has come to be known as âsocial contract theoryâ, the method of justifying political principles or arrangements by appeal to the agreement that would be made among suitably situated rational, free, and equal persons.
TODAY the European Central Bank (ECB) launches its long-awaited programme of quantitative easing (or QE), adding lots of public debt to the private kind it has already been buying. Its monthly purchases will rise from around â¬13 billion ($14 billion) to â¬60 billion until at least September 2016.
Qantas sells those tickets for around $4100 or 120,000 points (plus $622 in taxes), so the purchasing power of your Qantas points jumps to 3.4 cents each (if you pay the taxes using cash). This is also a better deal than using your points to buy an economy ticket.