November 2010
2 posts
Giving thanks in the eye of the shit storm
(My friend Brian asked me to post this, an e-mail I sent to friends today. I’ve tried to take this day each year and provide some context for why the thought-act of gratefulness is not only important, but why the nihilism and jadedness pervasive in our society needs to stop for a moment, at the very least once a year. -DG) —- My dear friends, Most of us were born in the 1980’s;...
“The crucial role of the financial system in a mostly free-enterprise economy is...”
– Benjamin Friedman (Harvard), FT 9/26/09
http://www.ft.com/cms/s/0/2de2b29a-9271-11de-b63b-00144feabdc0.html
Synopsis: Finance exists to allocate scarce investment savings toward productive ends. Can we empirically say that the benefits to productivity/growth from the current size/structure of the...