Sublime
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I was surprised. One of the hallmarks of the difference between American capitalism and capitalism in many emerging markets has been American capitalism is defined by the rule of law, by the absence of randomly exercised discretion and by predictability. And none of this seems consistent with those values. It was also very unclear what the rational... See more
Jessica Lessin • Larry Summers on Trump’s ‘Tragic Precedent,’ TikTok and Regulation
In a static world, a monopolist is just a rent collector.
Peter Thiel, Blake Masters • Zero to One
Or, as Robert Pitofsky put it, we should always be concerned that “excessive concentration of economic power will breed antidemocratic political pressures.”
Tim Wu • The Curse of Bigness: Antitrust in the New Gilded Age
urged the CFTC and other US market regulators to follow five principles when regulating digital markets: embrace innovation, protect intellectual property, repurpose old rules for an emerging digital age, unburden the economy for growth, and champion US markets.
J. Christopher Giancarlo, Cameron Winklevoss, • CryptoDad: The Fight for the Future of Money
Randy Freer
@randyfreer
Gains from trade are greatest when there’s a big discrepancy in comparative advantage,
Peter Thiel, Blake Masters • Zero to One
The Dumbest Trade War in History - WSJ
wsj.com