The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...Category Archives: Market inefficiencies
Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments
Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand
Read more...How Intel Financialized and Lost Leadership in Semiconductor Fabrication
Intel is the poster child of how stock buybacks come at the cost of technological innovation.
Read more...Quick Comment on the Dismissal of Antitrust Suits Against Facebook
Facebook looks to have done well in having two high profile antitrust suits dismissed. But they should keep the campagne on ice.
Read more...Mark Blyth – An Inflated Fear of Inflation?
Mark Blyth explains why inflation in the U.S., Canada, & E.U. is highly unlikely: a room for more government spending and higher wages.
Read more...The Voice of Monetary Policy
A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.
Read more...What is the Bullshit Economy?
Establishing some first principles of the bullshit economy.
Read more...Chicago School Economists Got it Wrong. Strong Antitrust Policy Boosts the Economy.
History shows robust antitrust enforcement helps promote a prosperous, fair, and balanced economy.
Read more...Scoring the $1.9 Trillion Stimulus Plan and Earlier Covid Relief Programs
How to do a better job of getting relief to those who need it.
Read more...Why the U.S. Manufacturing Renaissance Is Essential for U.S. Survival
Maintaining and reviving manufacturing capacity in key insutries is vital to preserving jobs and ensuring U.S. survival.
Read more...Why Behavioral Economics Needs Behavioral Biology: Avoiding Arms Races
Are behavioral economists really nudging people in the right direction?
Read more...Cold Truth: The Texas Freeze is a Catastrophe of the Free Market
Yves here. The collateral damage of the Texas power grid power failures is getting worse and worse. Extensive burst pipes now mean that 14 million (no typo) are without potable water. From the Wall Street Journal: More than 14 million people in Texas are without safe drinking water, as the fallout of a severe winter […]
Read more...Corporate Concentration in the US Food System Makes Food More Expensive and Less Accessible for Many Americans
How Big Food increases prices in categories like bread, beer, processed chicken, and packaged salad, and what to do about it.
Read more...Some Implications of the GameStop Short Squeeze
The seeming success of the GameStop short-slayers could in the long run come at high cost to some of them and most of us.
Read more...Elizabeth Warren’s Not-Ready-for-Prime-Time Robinhood/GameStop Intervention
Elizabeth Warren is back in swinging hard, but she’s not yet connecting with the balls.
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