Tyler Cowen writes, To see why the huge increase in bank reserves did not result in inflation, consider that there has been a considerable decrease in U.S. excess bank reserves over the last five years. No one claims that this … Continue reading →
Tag: Tyler Cowen is my Favorite Blogger
Is prestige a danger sign?
Paul Graham writes, the most important thing I learned, and which I used in both Viaweb and Y Combinator, is that the low end eats the high end: that it’s good to be the “entry level” option, even though that … Continue reading →
Cowen, Schumpeter, and employment fluctuations
Tyler Cowen writes, I take a finance perspective on the output gap. If you are at what others call “full employment,” you can indeed do better, or at least try to do better. Start 300 companies that aim to be … Continue reading →
Virus update
1. Ynetnews said, Researchers at Tel Aviv’s Ichilov Hospital on Thursday announced it has seen positive results in preliminary trials for a cure for COVID-19. Meanwhile, Joseph A. Ladapo wrote, while scientists argue that widespread vaccination will prevent variants from … Continue reading →
Concerning decentralization
1. Zvi Moushowitz and I are going back and forth about decentralization on Pairagraph. In progress. Self-recommending. 2. Tyler Cowen Bloomberg) does a one-person back-and-forth, Why not, for example, put social media on blockchains and have efficient cryptocurrency micropayments to … Continue reading →
FITS update
I have a spreadsheet with names, listed by position. Don’t worry about the positions so much at this point. When something is in parentheses after a someone’s name, it means they are also eligible at another position. You should not … Continue reading →
ZMP in today’s economy
Tyler Cowen coined the phrase zero marginal product workers, or ZMP, to describe the uneven impact of the 2008 financial crisis on highly-educated and less-educated workers. I think we need to consider ZMP much more broadly. 1. As I wrote … Continue reading →
Conspiracy or kludge?
The unfortunately named Anthony Denier says, in reality, what’s going on is that there is a two-day settlement between if you buy the stock today, those brokerage firms that you bought that stock on have to fund that trade with … Continue reading →
V-Day?
Today we have had our appointments for the first dose. But because the vaccine location is in a different county from where we live, that county decided to cancel us. Actually, it sounds like we would have had a DMV-like … Continue reading →
Blame the Boomers?
In a review of Helen Andrews’ Boomers, Barton Swaim writes, “The theme that connects all these seeming digressions,” Ms. Andrews writes, “is . . . the essence of boomerness, which sometimes manifests itself as hypocrisy and other times just as … Continue reading →
