Andrei Stoica

4. Wallerism: Crypto, via stablecoins, is good for the dollar

Flipping over to the Republican side of the aisle, but remaining within the establishment, we have Federal Reserve Governor Chris Waller.

Waller pricked my ears in February with his comments in a speech entitled The Dollar’s International Role . The purpose of the speech is to defray... See more

New trade theory ( NTT ) is a collection of economic models in international trade theory which focuses on the role of increasing returns to scale and network effects, which were originally developed in the late 1970s and early 1980s. The main motivation for the development of NTT was that, contrary to what traditional trade models (or "old trade... See more

Rather than competing on features, or cost, or attempting to create more best-of-breed products, or pay ever fatter sales commissions which ate away margins, Ellison chose to tell his customers that they were doing it wrong .5 Software shouldn’t be built to fit business processes, he said, business processes must adapt to software. Vertically... See more

The West Coast quiet served its purpose. In isolation I developed theories about creativity and collaboration. But theories only get you so far on their own. At some point you have to go beyond putting ideas into the world and get to work manifesting them.

I often draw a distinction between the political elites of Washington DC and the industrial elites of Silicon Valley with a joke: in San Francisco reading books, and talking about what you have read, is a matter of high prestige. Not so in Washington DC. In Washington people never read books—they just write them.

In an effective mass movement, the true believer’s yearning for identity finds a place. A sense of belonging is fulfilled, and individual responsibility is then taken out of one’s hands. The movement, and its leader, decide what’s right and wrong. All one needs to do is stay with the movement and the whole gnawing existential issue of what is the... See more