Sublime

In 2011 Cowen published a digital pamphlet in which he argued that since the 1973 oil-price shock, America had experienced a hidden crisis of lost growth that would be resolved only by the development of new technology. He called this period the “Great Stagnation”, and he proposed a cultural solution rather than an economic one: raise the social... See more

Jeff Bezos stopped selling Amazon shares when Washington state introduced a capital gains tax. Then he left and began unloading billions of dollars worth of shares as a resident of Florida. Not only did Washington lose all tax revenues that would come from Bezos, it lost the philanthropic interest he would have shown in his local... See more