Tag Archives: economics

A Whole New Level of Dumberer


In an interview with The Economist this week president Donald Trump inadvertently communicated that he occupies a whole other level of illiteracy and egotism. Apparently he reads so little that the phrase “prime the pump” and the concept behind it … Continue reading

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Libertarian Nirvana, or how I realized Objectivism is a slippery slope to pointlessness


Many of my posts exists within a dialogue-debate between my siblings. Lately, I realized I’ve been posting few thoughts on this blog because they were all going into reply-comments on Facebook… So I’m going to try to post more of … Continue reading

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Fiscal Stimulus: Target The Oversupplies


Adding a bit to Krugman’s latest. Think about it: what would the true costs be of repairing our roads? It wouldn’t divert capital from other investments — capital has no place to go, and markets are practically begging the federal … Continue reading

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Misunderstanding the Mistake in Black-Scholes and Fama’s Rational Markets


Abstract: Probability has been getting a bad rap in finance and economics due to modeling mistakes that have led to many of the biggest financial catastrophes of the past 50 years. This has bled over into popular misconceptions that the … Continue reading

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Sovaldi: Risk vs Uncertainty, Innovation vs Facilitation, and How Patents and Ownership Don’t Differentiate Them


(This is an extension of my previous two posts on Sovaldi, particularly the second one.) Piracy is simply the free market saying, “Your markup is ridiculous.” As Nassim Nicholas Taleb mentions in his books The Black Swan and Fooled By … Continue reading

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Sovaldi: What Price Innovation?


Just a brief addendum to my post on the $84,000 apparent hepatitis C-cure, Sovaldi. (See also addendum #2) Gilead’s vice president Gregg Alton said, “Those who are bold and go out and innovate like this and take the risk — … Continue reading

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The Price of Sovaldi: A Pound of Flesh


A new hepatitis C treatment was approved in December 2013 via an expedited FDA program because the new drug, used in combination with one or two existing (relatively inexpensive) drugs has a virtually 100% cure rate. The drug, Sovaldi, marketed by … Continue reading

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