November 11, 2016

At long last, the US elections are over. Like many others, I was surprised by the outcome, which was a sharp reminder that we live in an unpredictable world, where it is often unclear if a low-probability event occurred, or whether we simply miscalculated the odds. Her...

November 5, 2016

Finance

1) Some savers and politicians blame central banks for low rates. They're at least partially right. Investors earn returns as compensation for bearing some risk. Monetary policy has been far from perfect in recent times, but it's vastly improved since the 1970s....

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