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Greece is a remarkable country full of wonderful people, but along dimensions of development and governance, the place is plainly pretty fucked up. It has been fucked up that way for a long time, for decades at least . This has never been secret. Anyone who has visited Athens knows it has far more in common with…
Lisa Pollack at FT Alphaville mulls a question : “Why are we so good at creating complexity in finance?” The answer she comes up with is the “ Flynn Effect “, basically the idea that there is an uptrend in human intelligence. Finance, in this view, gets more complex over time because financiers get smart enough to…