hcmacro

8 ms·

31.
We’re Haunted by the Economy of the 1970s(newrepublic.com)
8 points by hcmacro 4y ago|3 comments
32.
by hcmacro 4y ago
OTOH probably gonna be harder for startups and VCs to "pull one over" public investors and dumb management teams.
33.
by hcmacro 4y ago
For a rebuttal to the critiques of excess found here, I recommend Mandeville's The Fable of the Bees (which Keynes references in the General Theory). https://en.wikipedia.org/wiki/The_Fable_of_the_Bees I do think
34.
Byju's Failure to Publish Accounts Prompts Scrutiny of Edtech Giant(ft.com)
2 points by hcmacro 4y ago|0 comments
35.
by hcmacro 4y ago
TINA — There is no alternative.
36.
by hcmacro 4y ago
“At the beginning sure…” Not even at the beginning. It’s laughable to intimate that a Crown monopoly and something exclusively owned by members of Parliament is anything but state-owned enterprise. The Company even struggled for the first h
37.
by hcmacro 4y ago
"In fact the market economy has been key in fighting poverty and under-development since the industrial revolution." Worth noting that Karl Polanyi, whose influence DeLong cites, made the opposite claim in The Great Transformatio
38.
by hcmacro 4y ago
Worth Googling "Larry Ellison Trump" or "Safra Catz Trump"
39.
by hcmacro 4y ago
You're right. I looked at the examples he linked and instead said "this isn't working well, f** PE for making it worse." https://www.buzzfeednews.com/article/kendalltaggart/kkr-brig...
40.
A Century of Business in the Supreme Court, 1920-2020(papers.ssrn.com)
2 points by hcmacro 4y ago|1 comments
41.
by hcmacro 4y ago
Associated FT article: https://www.ft.com/content/f5ebbc8d-c030-4e4a-b520-cbd4bdc73...
42.
by hcmacro 4y ago
Surfing Uncertainty by Andy Clark is all about this.
43.
by hcmacro 4y ago
Rising nationalism worldwide is a bane to European prosperity and I don't see that trend reversing. In the latest bout of EUR depreciation, one can interpret Russia's invasion as a nationalist imperative. The prior bout of EUR vol
44.
by hcmacro 4y ago
$DXY has been rising since Jan 2021, not yesterday.
45.
by hcmacro 4y ago
I spent a year and a half writing an economic history book that I knew was unlikely to be profitable. Nevertheless, it was a very enjoyable experience and I learned quite a bit. https://www.amazon.com/Tyranny-Nations-Shaped-
46.
by hcmacro 4y ago
Does it really matter? It's almost assured that private valuations will get written down with a lag (already underway). Favorable public markets are what allowed VCs to foist the turd on the greater fool for a decade.
47.
by hcmacro 4y ago
In which prior downturn did the valuation of Coinbase (and other unicorns) get nuked -90%?
48.
SEC Launches Game Show-Themed Public Service Campaign(sec.gov)
1 points by hcmacro 4y ago|0 comments
49.
by hcmacro 5y ago
I'm one of those human weathervanes and get terrible headaches ahead of rainy weather. I've logged such episodes in a notebook and they seem particularly bad during Atlantic hurricane season. My quack, untested, idea is that clima
50.
by hcmacro 5y ago
Observed macroeconomic properties are subject to historical path dependence and inextricable from a country's relative technological attainment. As an economic periphery of the Dutch Republic in the 17th century, Japan experienced prob
51.
by hcmacro 5y ago
I spent much of the past two years writing an economic history book that compares the modern United States to Victorian Britain and the Dutch Republic. Of course, Ray Dalio had to write a book on the same topic, in the same year (albeit wit
52.
by hcmacro 5y ago
I think you're too easily taking for granted that having a job makes one a productive member of society. Evergreen link: https://www.amazon.com/Bullshit-Jobs-Theory-David-Graeber/dp...
53.
Basketball Message Boards from the 1980s(groups.google.com)
1 points by hcmacro 5y ago|0 comments