The problem with economic models is that they're only first-order Taylor expansions around the current technological point.
-
-
*adds use of "diseased carcass" as a description for things given to him to his TODO list this week*
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Munger has a great way with words
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
that loom example ignores time. In a perfect market over time you're back at sq 1. But 1st mover advantage is real.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
reminds me when Charlie would say "one economist on staff is one too many".
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.