published Oct 31, 2017, 6:00:10 AM, by Tyler Cowen and Matt Levine (Bloomberg View) —After the credit crisis of 2008-09, former Federal Reserve Chairman Paul Volcker quipped that the only important innovation the financial industry had come up with in the prior 20 years was the automated-teller machine. Now almost
This might sound naïve to those in the know, but who the heck is still snorting cocaine? I remember when I moved to L.A. in 1978. I was writing for some of the major rock magazines at the time and hanging with lots of people in the music business. More