I am not a republican. Anyone can see that simply getting rid of a king is hardly the secret of a successful political order in a country. The UK royal family may have cultural influence, a lot of money, and the direct …
The US Judiciary and How Anti-Monopoly Cases are Decided
The United States has a big problem: its politics are dominated by corporate interests, and so too is its law. This is evident in the way that anti-monopoly cases are decided.
The Fed has created a lot of money.
Of course, a lot of it has not translated into private sector spending, and so the impact on inflation
has not been huge, but private sector lending has taken off again since the …
We all know about availability bias, confirmation bias, and probably several more systematic ways in which our intuition leads us astray in assessing the state of the world. There really are an almost uncountable number of cognitive biases, as this Wikipedia Article reveals.
This …
I am chronically bullish on energy.
Oil used to be boring.
Right through to the end of the 90’s, the price of a barrel oscillated around $20.
There was a massive spike before the GFC, a crash after it (but only down to $40 …
Matt Levine is not a person. He is like Zero Hedge’s Tyler Durden: a whole team of individuals who are chained to their computers churning out
insightful articles ever day of the year (nearly).
When inflation spikes, the losers are those who are long bonds. This is because the value of bonds falls when inflation rises. The reason for this is that bonds are essentially loans, and the value of a loan …
I enjoy Bethany McLean and Luigi Zingales’ podcast, Capitalisn’t. I’ve listened to a few episodes and I find them to be very informative and thought-provoking. One I listened to recently was this one with Elizabeth Popp Berman, who argues that that measuring …