Sublime
An inspiration engine for ideas
Most disheartening of all is the evidence that the decision to make the August 2001 loan, and other measures that went sour, were driven by outsiders' agendas that did not dovetail with the interests of the Argentine people. The IMF's desire to skirt blame for the collapse consistently tilted its policymaking in the wrong direction, toward delaying
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Individual behavior leads to aggregate outcomes, and aggregate outcomes—the aggregate patterns in the economy—cause this individual behavior to adapt and change.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Robert E. Litan’s 2014 book, Trillion Dollar Economists.
Marian L. Tupy • Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet
Businesses should be advising government R&D programs so that basic and applied research is focused on the ideas
Bill Gates • How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need
In the words of Bill Gross, who runs the world’s largest bond fund at the Pacific Investment Management Company (PIMCO), ‘bond markets have power because they’re the fundamental base for all markets. The cost of credit, the interest rate [on a benchmark bond], ultimately determines the value of stocks, homes, all asset classes.’
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
For American taxpayers, the Savings and Loans debacle was a hugely expensive lesson in the perils of ill-considered deregulation.
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
Calomiris delivered a grim prognosis: At some point, the Argentine government would be unable to service the debt it had incurred because of the viciousness of the cycle the country was falling into, and delaying the recognition of that reality would only lead to catastrophe. The most sensible approach was thus for the government to administer a
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations