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  • James shared from Capital in the Twenty-First Century by Thomas Piketty
    The problem is that the price system knows neither limits nor morality.
  • James shared from Copyright Unbalanced: From Incentive to Excess by Christina Mulligan, Reihan Salam, Patrick Ruffini , David G. Post, Tom W. Bell, Eli Dourado, Timothy B. Lee
    the entrenched interests copyright protects—Hollywood movie and music producers and New York publishers—tend to favor the political left.
  • James shared from Copyright Unbalanced: From Incentive to Excess by Christina Mulligan, Reihan Salam, Patrick Ruffini , David G. Post, Tom W. Bell, Eli Dourado, Timothy B. Lee
    if you are skeptical of government power, you should likewise be skeptical of the copyright system that has developed over the last century.
  • James shared from Average Is Over: Powering America Beyond the Age of the Great Stagnation by Tyler Cowen
    We would build some “tiny homes” there; tiny homes might be about 400 square feet and cost in the range of $20,000 to $40,000. We would build some very modest dwellings there, as we used to build in the 1920s. We also would build some makeshift structures there, similar to the better dwellings you might find in a Rio de Janeiro favela. The quality of the water and electrical infrastructure might be low by American standards, though we could supplement the neighborhood with free municipal wireless (the future version of Marie Antoinette’s famous alleged phrase will be “Let them watch internet!”)....
  • James shared from A Call for Judgment: Sensible Finance for a Dynamic Economy by Amar Bhide
    This legislation was successful in creating a sound currency. On the minus side, not much progress was made in stabilizing deposits. Frequent panics ultimately led to the creation of the Federal Reserve in 1913.
    Note: The pre-Fed era
  • James shared from A Call for Judgment: Sensible Finance for a Dynamic Economy by Amar Bhide
    “unpredictable but embarrassing frequency.”46 Between the Civil War and the U.S. entry into World War I, six deep depressions—in 1873, 1884, 1890, 1893, 1896, and 1907—followed financial panics.
    Note: the pre-Fed era
  • James shared from The Two Towers: Being the Second Part of The Lord of the Rings by J.R.R. Tolkien
    ‘With him lies the true Quest. Ours is but a small matter in the great deeds of this time.
  • James shared from The Gated City (Kindle Single) by Ryan Avent
    But where places like Cleveland and Detroit continued to decline after the 1980s, cities like Boston and New York experienced a turnaround. Knowledge-intensive sectors in their economies -- like finance, and scientific and technological research and consulting -- enjoyed a boom thanks to rapid improvements in information technology.
  • James shared from Financial Times - US Edition by The Financial Times Ltd
    Note: Bernanke, the rebel banker
  • James shared from The Wall Street Journal by The Wall Street Journal
    Note: healthcre innovation