Thoughts From the Frontline, April 2020
April 24, 2020
We are looking at a world with parameters bounded by pure imagination; where we go from here is anyone's guess.
—Will Thomson and Chip Russell, Massif Capital
April 17, 2020
The viral fog is starting to thin. US coronavirus case growth appears to be slowing, albeit at a tragically high level. Governments and businesses are thinking about the next stage.
April 10, 2020
“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. … A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth.”
—Milton Friedman, The Counter-Revolution in Monetary Theory (1970)
April 3, 2020
In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.