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The most popular blog posts about tech industry & business on Hacker News. 8,981 posts.

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3639

Does QE Cause Wealth Inequality?

Originally published: November 2021 One of the most polarizing topics today is wealth inequality. I think a better description is to refer to it as wealth concentration. Nobody should expect wealth to be equal in a society, but when wealth becomes extremely concentrated (way more unequal than usual), it’s often a sign…

3640

Layoffs Are Cruel and Don't Work

Imagine you had a dog. You got the dog when it was young, trained and raised it. This animal was a part of your family and you gave it little collars and cute little clothes with your family name on it. The dog came to special events and soon thought

3641

Banks, QE, and Money-Printing

Published November 2020 Lately, it has become fashionable to debate what is, or is not, “money-printing” by central banks. This debate is natural, due to the extreme policy nature of 2020, with massive fiscal expenditures, huge increases in central bank balance sheets, and changes in central bank inflation targets…

3648

Meta in Myanmar, Part III. The Inside View

Whistleblower disclosures and investigative reporting have revealed a lot about what was happening—and what was known—inside Meta during the lead-up to the genocide in Myanmar, including a connection to a global wave of fake-page networks devoted to manipulation and political misinformation.

3651

An Intuitive Explanation of Black–Scholes

The Black–Scholes formula is the crown jewel of quantitative finance. The formula gives the fair price of a European-style option, and its success can ultimately be measured by its impact on option markets. Before the formula’s publication in 1973 (Black & Scholes, 1973; Merton, 1973) , option markets were relatively…

3654

The Other Money Problem

I admit to feeling a twinge of excitement last summer when I read that Paul Graham was leaving his jillion-dollar job to write more essays. It felt like the thinking man’s equivalent of LeBron James returning home to the Cleveland Cavaliers to play ball. I don’t know; it’s just a good human story when people decide to…