Saturday, August 30, 2014
A market for corporate votes
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Berkshire Hathaway annual general meeting When you purchase a share you're not only getting the opportunity to make some extra ca...
2 comments:
Wednesday, August 20, 2014
Chopmarks and other distributed verification methods
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A 1795 Spanish dollar, minted in Mexico, with several chopmarks One of the most interesting things about bitcoin, ripple, and other cry...
8 comments:
Saturday, August 9, 2014
Quibbling with the language of trade
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The way we ascribe labels to things results in the creation of categories, and this in turn affects the construction of our mental landsc...
14 comments:
Thursday, July 31, 2014
Using restricted stock studies to measure liquidity
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I like to say that everything is money, which is just another way of saying that all goods are liquid to some degree or other. Whether it...
22 comments:
Monday, July 21, 2014
Fedwire transactions and PT vs PY
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Milton Friedman's alleged license plate, showing the equation of exchange The excruciatingly large revisions that U.S. first quarte...
22 comments:
Thursday, July 3, 2014
To recapitulate...
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I'm going on holiday and don't have enough time to write anything new. At the risk of being repetitive, here's a recapitu...
7 comments:
Sunday, June 29, 2014
It was the best of times, it was the worst of times
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You may know by now that the final revision of U.S. first quarter GDP revealed a shocking 2.9% decline while its mirror image, gross dom...
9 comments:
Sunday, June 22, 2014
The monetary economics of the roll-up
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The so-called corporate "roll up" lies at the conjunction of finance and monetary economics. For those monetary eco...
6 comments:
Monday, June 16, 2014
When the good drives out the bad
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There's a fairly regular monetary phenomenon that needs a name. It's similar in nature to Gresham's law, yet the inverse vers...
10 comments:
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