Is 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.
The job-threatening rise of the machines is an economically illiterate meme that refuses to die. We’re actually probably in the early stages of it, a bull-market in luddism, if you will. Bastiat’s Candlemakers Petititon answered this one long ago, but today I’ll run a little thought experiment that owes it
[Excerpt from the January Austrian Investing Monthly Newsletter. Download free at St Onge Research.] Does cheap oil cause recession? Not when Oil Supply is Soaring. For the past year, the price of oil has been plunging, spooking markets going into year-end. Oil is one of Wall Street’s favorite recession indicators. So