Some economics commentators have recently been getting worked up over why it is that the clever people who work at major financial institutions somehow always seem to end up creating boom-bust cycles.
Those people get paid big bonuses during a boom
They don't have to pay those bonuses back when there's a crash.
It's that simple.
Learning about the laws of physics isn't a "yes we can" pissing contest - After Sabine Hossenfelder wrote her critique of "the world is a simulation" paradigm, I was a bit jealous about one apparent phenomenon: that her readers s...
1 hour ago