In the Tradition of Liberty.
In the Tradition of Liberty.
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Jimmy Alfonso Licon
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A few years ago, I met the economist Robin Hanson, one of the architects of prediction markets. Over lunch, Hanson made a remark that I have not been able to shake: stock markets punish insider trading; prediction markets reward it. The line sounded, at first, like an admission of something nefarious. Insider trading is normally frowned…
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The latest wave of tech layoffs has revived an old storyline. Scott Galloway notes that U.S. employers have announced roughly 946,000 job cuts this year—numbers we have not seen since 2020. At the same time, internal memos from firms like Google report that AI has boosted engineer productivity by about ten percent. For many observers,…