07 February 2015

Hayek versus Keynes

We've been going back and forth for a century.  Keynes: I want to steer markets.
Hayek: I want them set free.
There's a boom and bust cycle and good reason to fear it.
Hayek: Blame low interest rates.
Kenynes: No...it's the animal spirits.

I've read these books and recommend them!

06 February 2015

War of the Currents

"I never did anything worth doing entirely by accident.... Almost none of my inventions were derived in that manner. They were achieved by having trained myself to be analytical and to endure and tolerate hard work." -Thomas Edison

Though Thomas Edison created the first lightbulb and created direct current electricity, which was used in New York, Nikola Tesla created alternating current which powers the world today.  Tesla worked under Edison, but resigned after Edison wouldn't consider further his AC design.

To the right is an Epic Rap Battles of History: “It’s a shocking real story of a banker and you; And if the people knew you stopped me from making power free, they would curse the con Edison with every utility.”  Those are some Shakespearean words.
To the left is an exerpt from the History Channel about Thomas Edison.