Project Syndicate column, finally using this microprocessor, Joshua Rothman on the Upper-Lower South slave trade, Krugman, Wolf, Duy, Rogoff, Brainard, Pueyo, Baldwin, Karpf, Harrison, Harrison...
Intel is rather sad. They did so well with their x86 architecture, selling to server farms and for high performance computing but ignoring the growing phone, tablet and laptop market. Ten years ago, they made impressive processors and had great manufacturing ability. Today, they have fallen behind. It's almost as if the company got taken over by MBAs.
Harrison; the question is, do bond markets and the Fed differ on what Fed policy instruments settings will be? (And can the fed predict it's future actions better than markets?) Or on what the effects of Fed policy instrument have been and are?
Krugman says may interesting and valid things. I just wish he had the courage to say clearly what he thinks the Fed should have done and do and when. Too much of what he says about inflation sounds like a weather forecast as if past and present Fed settings of its policy instruments have no effect on inflation.
I just read that Thomas Moore was being ironic when he coined the term ‘utopia’ and that in Greek it means “Nowhere.”
Intel is rather sad. They did so well with their x86 architecture, selling to server farms and for high performance computing but ignoring the growing phone, tablet and laptop market. Ten years ago, they made impressive processors and had great manufacturing ability. Today, they have fallen behind. It's almost as if the company got taken over by MBAs.
https://doctorow.medium.com/how-monopoly-enshittified-amazon-83f42a585c3c
There's a series of more recent posts around the theme at pluralistic.net
Harrison; the question is, do bond markets and the Fed differ on what Fed policy instruments settings will be? (And can the fed predict it's future actions better than markets?) Or on what the effects of Fed policy instrument have been and are?
Krugman says may interesting and valid things. I just wish he had the courage to say clearly what he thinks the Fed should have done and do and when. Too much of what he says about inflation sounds like a weather forecast as if past and present Fed settings of its policy instruments have no effect on inflation.