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.
Why String Theory is Still Not Even Wrong - John Horgan recently sent me some questions, and has put them and my answers up at his Scientific American site, under the title Why String Theory is Still...
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