Viewing profile — chumali

If you are referring to the Fed repo market operations, then these are short-term collateralised loans, so not really the same thing as pumping trillions in to the real economy. A …

Matt Levine recently summarised this argument is his usual folksy style: https://www.bloomberg.com/opinion/articles/2019-12-02/the-bl...

The Cantillion effect describes a phenomena of relative inflation due to the uneven distribution of new money and access to credit. This doesn't really translate to "a flow of weal…

To be clear, I am in no way advocating the view that it is "inevitable that everything in banking/finance will move to a decentralized model" . Financial institutions, although not…

To dismiss something as 'meaningless utopianism' just because it doesn't agree with your personal experience is incredibly naive and shortsighted. There are plenty of legitimate re…

Can't see how Ungar could have acted any differently here given the betting by Matloubi?

> You also have to fill the card to begin with. Any bank card works, so does Apple/Android pay. Even the prepaid card can be purchased from a self-service machine in less than a mi…

Fare collection in London is almost frictionless. Almost all public transport can be paid for with contactless debit/credit or prepaid cards. Drivers have no requirement to verify …

Have you even bothered to check the figures? You mention Oyster cards so I'll assume you're talking about London in which case the operator (TfL) clearly states that "Fares are the…

> Why would they be? Because their position is naive and lacks any serious economic or political justification. Even assuming that their beliefs are sincerely held, this would not …

It's true that travel should not be reserved for the wealthy. At the same time however travel is no different to most other non-essential commodities and should be similarly alloca…

This is a ridiculous argument, Amazon clearly has substantial market power which can be used to reduce the exposure of their suppliers [1] (the loss in exposure means there a signi…

This is an arbitrary definition that few economists would accept. Market concentration exists on a spectrum ranging from perfect competition to full scale monopoly. The determinant…

This is one of the worst attempts at an unbiased analysis of the issue that I've ever come across. Nothing of value can be garnered from this article. Clearly Albania, a country wi…

> decided to stop being a wealthy stock broker to live as a painter He lost everything after the 1882 market crash and eventually moved to Tahiti to pursue the allure of the 'free-…

Until Citizens United is repealed there is little hope for anything resembling the arrangement which you describe.

It's a combination of reasons present to different degrees depending on the nation in question. These include: The political fallout of allowing these industries to fail (coal prod…

Please don't read Climate vs. Capitalism, the author has no formal economics training and her analysis makes this clear. Rather than realistic and thought out solutions towards dec…

1) For a concise and non technical introduction to issues of monetary economics I would suggest Alan S. Blinder - Central Banking in Theory and Practice. 2) For an introduction to …

This is just a broad list of econ type books with no discernible curation. I certainly wouldn't call it a list of the 'best' econ books even though there are some great reads in th…

The LTSE wants to give startups all the benefits of being public whilst encouraging long-termism through tenured voting and other gimmicks. It seems that Zuckerberg has already ach…

Neither are perfect monopolies, however to deny that they wield significant monopoly power is patently absurd. Monopoly power is not simply an issue of consumer choice - there are …

Clearly there are equilibrium effects here which would stop the extreme scenario you describe from arising. As the proportion of active investors in the market falls, those that re…