Cnut the Great¶
According to legend, at least, Cnut was the wisest of all kings, precisely because he ironized the attribution of sovereignty.
“Surely, Great King, you are ominipotent
Fnargl
himself!”
“Let us then
test
the claim, shall we?”
Modern macroeconomics is the systematized refusal to learn from this story. Sovereignty does not rise above the waves.