Bond vigilantes, corners, and bearers of bad news
It's useful to measure poverty, but its connotation is more stable than its denotation
People don't just happen to hate economically efficient taxes: they hate them for the reasons they're efficient
How do two companies work together when neither has a meaningful second-best option
It isn't quite the same thing as risk, but only in an inefficient market
A low cost to copy and arbitrary price discrimination makes it a tricky quasi-commodity
Policy can't trick, but it can persuade
Outright grifters are less risky than well-meaning people
Sometimes you want a plan, sometimes a plan is a tax on responding to new information
It's about as literal as actual democracy
Prudent use of the balance sheet? Ponzi scheme? Both?
The breadth of tradeoffs as a measure of wealth
