Another killer acquisition… No more car sharing. Isn’t it poetic how they spin it?

Observing the handling of paper slips on Amtrak (reissuing new slips if you go past NY!) tells me there is still a lot of room for technological progress

The Wisdom of Crowds, James Surowiecki

Variance of GDP growth since WWII

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Average growth rate of GDP since WWII

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Probability of switching: from Boom to Bust or stay in Bust

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Average Frequency of Recession

1880s: 55%
2000s: 10%

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Average Duration Recession (Boom)

1880s: 30 months (30 months)
2000s: 10 months (90 months = 7 years)

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After the Great Recession, Queen Elisabeth visited LSE and asked @lugaricano.bsky.social why economists hadn’t predicted the recession. Instead, if she had lived, Queen Victoria might have asked how economists managed to tame recessions

150 years of US recessions in a few graphs

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Conflict of interest (COI) leads to a strong downward valuation and credibility of research output

The paper advocates for a clearer COI policy: the profession’s #me-consult-too moment