March 26, 2013

Just a quick hit, in comments at Steve Randy Waldman’s: Economists who think finance is merely a veil over real production also think real production is basically just like the easy bits of finance, for example, British government bonds – negligible transaction costs, huge liquidity, instant and frictionless trading, authoritative pricing and well-defined pricing models,…

Read More 37.2 homogenous capital units and one for the barman

When I started hearing about a blogger called Brown Moses, who collated Syrian rebel videos and identified unexploded ordnance, and regularly posted remarkably sharp depth pieces on the Leveson inquiry, I assumed this person was some retired six-letter agency type with their SAS badge on the mantelpiece, in the formaldehyde jar, stuck through Jimmy Savile’s…

Read More So you think you’re a blogger

Good NYT piece is good – working through the effort to arm Syrian rebels, with Saudi and Qatari money, Croatian surplus warstocks, and Jordanian airlift. Inevitably, the kit is moving aboard Il-76s. This time out, though, the aircraft are Jordanian (and occasionally other) military aircraft that sometimes operate as “Jordan International Air Cargo”, a nationalised…

Read More Don’t read this, read them!