People are Right on the Internet, Fri 7/17

Modeled Behavior (who if you aren’t reading you really should be) comments on the Shadow Banking interview I did earlier in the week.

Megan McArdle on restricting the indiscriminate use of antibiotics in livestock. Hilzoy too. Very good stuff, and about time we see the government address it.

Note that these are, in effect, the same thing – someone makes a business spinning a tail risk motor, and if it explodes everyone else has to pick up the pieces, be they financial contagion or disease outbreaks. Capitalism as the art of perfecting making someone else eat your costs.

Charles Davi explains the OTC derivatives business. Very worthwhile.

The Hurt Locker is one of the best movies I’ve seen in a while, though it is very overwhelming. (After seeing it late at night, instead of wanting to head out I just wanted to be alone for a while.)

My friend Ed, the lucky bastard, saw the Jesus f***ing Lizard Wednesday; he saw this:

Yup, that’s David Yow. Also Seasick. They play Pitchfork tonight, and tour the rest of the year.

I’m on twitter if you are interested in following that. I don’t post that much so it won’t overwhelm your feed, if that is a concern.

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One Response to People are Right on the Internet, Fri 7/17

  1. Ted K says:

    I usually like your posts Mike. You have so much great stuff on your site. But I disagree that Charles Davi is worth the read. Davi thinks our economy is better off with credit default swaps. Garbage. Please tell me you don’t agree with that rubbish Mike.

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