Lord King is worried. It’s always worth listening to Luigi Zingales, ditto Mervyn King. When they are talking to each other, it’s a can’t-miss event. King is both a great economist, and a former central banker …
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Yes, you read that right. The headline reads “If Isaac Newton may be cancelled, nobody is safe from it.” That someone who has had such insights of universal application should be a candidate for suppression makes me very depressed …
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Renewable energy turned out to be cheaper than expected. People are generally wrong about the future, especially a future decades off. Keynes spotted that: he basically said it was a waste of time trying to predict interest rates 20 years away. Krugman has argued that because …
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Krugman has a post on taxing the rich. It makes the point that it’s very unlikely that a tax increase for the very rich will make them work less. I has a great chart of income against cumulative distribution. It’s almost a perfectly …
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Cheap funding creates monopolies. The robber barons of the US at the end of the 19th century understood this, and the private equity guys do today. The smaller the industry, the easier it is. You just buy out your competitors. What’s amazing is that it …
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I saw this great thread on reflexivity, George Soros’s contribution to investing lore. I have read his book on it a couple of times, and at the end of it I’ve always thought:
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Packy McCormick writes a cracking blog. His latest post is about trying to imagine what will push Facebook, Google, Amazon et al. off their place at the top of the pyramid. He points out that the economics of their services are …
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