Profits of Chaos

Another dropping shoe in Credit: Lending Standards

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Banks Starting to Cut Back on the Cheap Money

Lending StandardsMore evidence of erosion in credit this month as the Fed’s lending standards surveys come out. Read More →

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Innovation and the Regulatory State

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robida 1882 full paleo futureLast post I argued that there are no economic or brain-power limits to innovation. That the single factor holding back innovation is simply the policies we choose.

This isn’t just speculation: we can actually look back to our own recent technological “Golden Age” in the late 1800’s. Indeed, when we laugh today at the optimism of 1880 or 1900 visions of the future, it’s only because we have failed to keep the innovation engine humming the way people back then took for granted.

So what changed, exactly?

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Will Economics End Innovation?

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Pondering the Limits of EconomicsIs innovation slowing? Will it stop? A new paper by one Jonathan Huebner in the awesomely-named journal “Technological Forecasting & Social Change” argues that innovation is slowing, indeed that it’s halved in the past hundred years.

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