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Book cover for Makers and Takers: How Wall Street Destroyed Main Street
One of them is a decrease in lending, and another is an increase in trading—particularly the kind of rapid-fire computerized trading that now makes up about half of all US stock market activity.13
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“Given the high cost of moving ideas, the resulting spatial dispersion of production dampened innovation—both on the demand side and supply side.”
Richard Baldwin, The Great Convergence: Information Technology and the New Globalization

G.K. Chesterton
“The Bible tells us to love our neighbors, and also to love our enemies; probably because generally they are the same people.”
G.K. Chesterton

Barry Eichengreen
“Bryan was now paid by Merrick to stand on a platform of another kind, erected over the water, and speak not of the gold standard but of the Gold Coast.”
Barry Eichengreen, Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History

“Or to use the unbundling theme, globalization’s third unbundling is likely to allow labor services to be physically unbundled from laborers.”
Richard Baldwin, The Great Convergence: Information Technology and the New Globalization

Barry Eichengreen
“Coral Gables was successful from the start.”
Barry Eichengreen, Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History

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