When Is the Market Wrong?
The surprising thing about financial crises is that they come as a surprise. Both the stock market and the bond market are supposed to be forecasting mechanisms. They ‘discount’ the future — meaning they figure out how much something is worth by estimating its future returns.
This Robot Could Soon Be Your Boss
Despite vast changes in automation over several centuries, there’s little evidence that technology harms human labour. The long-feared vision of robots lording over jobless masses has[...]
The Art of US Policymaking ‘Trump Style’
I’m continually amazed at the legions of politicos, pundits and so-called ‘experts’ who don’t understand President Trump or how he conducts policy. These elites have a[...]