Finance

One of the first things you learn in an economics course is the concept of trade-offs: You can’t have everything you want. This is important […]

“The Three Little Pigs Hurt Their Cause,” Op-Ed by The Big Bad Wolf McSweeney’s Internet Tendency California Taxpayer On The Hook WSJ There are hidden […]

Planetary scientists Robert Stern from the University of Texas at Dallas and Taras Gerya from ETH-Zurich, two co-authors of this study, suggest that the existence […]

We find that procyclical stocks, whose returns are consistent with business cycles, earn higher average returns than countercyclical stocks. We use nearly three quarters of […]

Recently, a meme from one of Twitter’s many socialist residents has gotten a lot of attention. The message he seems to be presenting is that […]

Many economists were expecting a recession in 2023. This prediction didn’t come close—2023 was definitely the best year. I have already discussed one consequence of […]

1. Good thread on AI and national security. 2. NYT on South African jazz. Here is one cut. 3. Scott Sumner on modernism. 4. Finland […]

I won’t double down, this is all by Mark: “The Prime Minister of the Bahamas recently gave a speech about revitalizing Grand Bahama. He called […]

Yves here. Perhaps I’m being a bit biased, so I hope that readers from Europe and/or those familiar with the Middle East and North Africa […]

Max’s best catch at Maximum Progress: [A common critique] that the NIH is funding too many “small trials”. That quote is from FDA officials, but […]