Sublime
An inspiration engine for ideas
His last sentence was important. It was a new economy. The biggest difference between the economy of the 1945–1973 period and that of the 1982–2000 period was that the same amount of growth found its way into totally different pockets. You’ve probably heard these numbers but they’re worth rehashing. The Atlantic writes: Between 1993 and 2012, the t
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
By the end of that year, he was one of the most frequently mentioned analysts on Wall Street and the unlikely nemesis of Jeff Bezos and Amazon.
Brad Stone • The Everything Store: Jeff Bezos and the Age of Amazon
“I am greatly impressed by his central idea, which is that we can reduce the power of the corporate state only by making it less important in our lives,” wrote John Kenneth Galbraith, speaking for many.
Charles Reich • The Greening of America
Or take the value of Wikipedia. The creation of this is more or less akin to installing a Bodleian library in every house in Britain. Does this massive new wealth register on GDP figures? Not a blip. Or the new availability of blogs and podcasts. Tremendous writers who, just a decade ago, would have been lecturing to half-empty theatres are now re
... See moreRory Sutherland • Rory Sutherland: The Wiki Man
the ability of portfolio investors to move money unfettered across national borders is a matter of controversy among economists, much more so than is the freedom of trade in goods. With regard to this aspect of global capitalism, the Argentine crisis underlines the need for major repair. It points inexorably to the conclusion that government effort
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Some highlights have been hidden or truncated due to export limits.
Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Murray N. Rothbard • America's Great Depression
That armor was as strong as ever. The Coinage Act of 1873 pleased bondholders and bankers, the well-to-do, by making gold the monetary standard, completely eliminating silver as a standard. But farmers and working people, debtors of all types—“those who labor under all the hardships of life,” in Madison’s words—were infuriated by the “Crime of ’73,
... See moreRobert A. Caro • Master of the Senate: The Years of Lyndon Johnson III
In many ways, modern society seems to be using a slightly more complicated version of a Keynesian economic stimulus scheme where the economy is stimulated by having some people dig a hole, then having others fill it back in the next day. We create problems, spend the next day solving them, and then claim we have made progress. We're even following
... See more