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Thoughts from the Frontline Archive, June 2021

Politics with No Labels
  • June 11, 2021

Politics with No Labels

You can’t always get what you want
But if you try sometime you find
You get what you need

—by Mick Jagger and Keith Richards, 1969

There’s no way around it: Investing in public companies is always political. Corporations exist because governments charter these artificial entities and legally shield the owners (shareholders) from personal liability.

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Technology Rules
  • June 4, 2021

Technology Rules

Macroeconomic forecasting is too politicized. I don’t mean that in a partisan sense, though it may be so. The bigger problem is that forecasters spend most of their time thinking about central bank decisions and government policies. In the long run, those aren’t the most important factors. Not even close.

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