On November 10, 1997, Apple released the Apple PowerBook G3 250 computer for $5,700, when Apple stock was trading at $4.67 per share. Apple is now trading at $262.93, or about 56 times the share price in 1997 (see chart … read more
The Wall Street Journal blog recently featured an innovative, market-based healthcare startup company, Qliance, which is being partially funded by Amazon founder Jeff Bezos, actor Drew Carey, and Michael Dell of Dell Computers. The Seattle-area health clinics offer a membership-based … read more
Jonah, there’s another point to be made regarding markets and the rush to “reform” advocated by Drum and others. Drum links to Jon Chait’s post claiming that “if anybody has ‘learned a lesson,’ it’s the government, which learned that allowing … read more
Interesting post from Josh Rogin over at the Cable today. He takes on the Broadcasting Board of Governors—a board that was created nominally to oversee the various broadcasting arms of the USG, but all too quickly became a perch for … read more
Kevin Drum ostentatiously condescends to read a post of mine only to make a really lame argument in response. Let’s recap: I took exception to Senator Christopher Dodd’s oft-repeated claim that nothing has changed since the financial meltdown and we … read more
Yesterday I referred to Nobel Laureate Edmund Phelps, who argues in First Things that “both economics and moral reflection on the same, too often leave out the most important economic reality.” That reality, as suggested in the title of his … read more
We mourn the loss of an intellectual giant—Angus Maddison has died. Maddison was the author of Growth and Interaction in the World Economy: The Roots of Modernity, which explores the causes of the West’s economic growth over the last 2,000 … read more
For the University of Michigan graduation this Saturday, May 1: Ebay: Tickets for $50. Craig’s List: Tickets for $40.
