Sublime

L’idée qu’il serait plus « sain » que la force publique s’autoneutralise en matière monétaire afin de laisser s’épanouir la « vérité » des prix de marché n’est redevenue robuste qu’à la fin des années 1960, au terme d’une reconfiguration controversée.

The dominant regime of political economy in the West since 1971, and particularly acute since 2009, has been built on a set of related economic fallacies: There are no adverse consequences to manipulating the price and supply of money; economic well-being can be measured by increases in flows of revenue rather than the growth rate of profit over ca

In the weeks leading up to the election, there had been a pattern: stock markets everywhere tanked on good news for Trump, and rose on good news for Clinton. Good news for Trump had proven to be bad news especially in emerging markets, like Mexico. The Jane Street trading plan wasn’t all that complicated. They’d get the voting results before everyo

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By late 2017, Berkeley had replaced Oxford as the financial capital of effective altruism. One reason for this was that Facebook cofounder Dustin Moskovitz and his wife, Cari Tuna, signaled their intent to give away most of their multibillion-dollar fortune to effective altruist causes—but there were others. Oxford was still the movement’s intellec

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