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
“Given the high cost of moving ideas, the resulting spatial dispersion of production dampened innovation—both on the demand side and supply side.”
― The Great Convergence: Information Technology and the New Globalization
― The Great Convergence: Information Technology and the New Globalization
“The Bible tells us to love our neighbors, and also to love our enemies; probably because generally they are the same people.”
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“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.”
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
― 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.”
― The Great Convergence: Information Technology and the New Globalization
― The Great Convergence: Information Technology and the New Globalization
“Coral Gables was successful from the start.”
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
― Hall of Mirrors: The Great Depression, the Great Recession, and the Uses-and Misuses-of History
Ilseop’s 2025 Year in Books
Take a look at Ilseop’s Year in Books, including some fun facts about their reading.
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