Yes, I do believe that most of the current talk about monopoly, like all the current talk about the dire effects of saving, is nothing but radical ideology and has… Read more »
Scott Sumner answers what I imagine is an extremely prevalent question about the difference between consuming and investing. I have read your site for years, but this is the first… Read more »
in the long run they could never create enough to save the average person from an extremely hard life. Creating value is not enough—you also need to capture some of… Read more »
Most areas of life with any appreciable level of nuance involved share a growth trajectory that looks like this: This applies to sports, finance, and life in general. It’s critical… Read more »
SlateStarCodex puts out predictions for 2017 with confidences. I love the idea, so I’ve hijacked the first few sections and replaced them with my own estimates. I’ve put periods at… Read more »
And in 2001 there was a similar inconsistency in statements made by officials at the Bank of Japan, who warned that quantitative easing would be ineffectual, but also that such… Read more »
J.P. Morgan puts out a quarterly ‘Guide to the Markets’, which isn’t really a guide to anything so much as it is a compendium of clever charts. Like re-reading a good… Read more »
I make two provocative claims in these three chapters. First, that in the absence of other policy initiatives, the devaluation of the dollar might have essentially ended the Depression by… Read more »
It’s common to hear that someone in America believes that ‘healthcare should be a right’. This is usually met with a chorus of agreeing and dissenting opinions, but it shouldn’t… Read more »
I was greatly influenced by monetarist ideas, particularly A Monetary History of the United States, Ultimately, I decided that the gold reserve ratio was the most sensible way of thinking… Read more »