In the 19th century it was railroads, in the 1920′s it was the automobile, and more recently computerization and the internet have driven huge inflationary growth booms. But in a world where the money supply is largely fixed and stable, inflationary growths are naturally limited and expected to be followed by recessionary contractions. Unfortunately people [...]
Archive for the ‘Economics’ Category
Spatial Arrangements of Dead Trees, Irrational Expectations, and the Singularity
Posted in Economics, Singularity on January 25, 2011 | Leave a Comment »
Tulips, Credit Cycles and The Risk Subsidy
Posted in Economics on January 25, 2011 | Leave a Comment »
Tulips Around four hundred years ago the Tulip was introduced into Europe from the Ottoman Empire. The flower’s spectacular colorful variations of patterned petals, now understood to be caused by a type of Mosaic Virus, quickly endeared the bulbs to the wealthy classes as status symbols. The dutch market in futures contracts which emerged for [...]
