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interfluidity � Surge!

Supply might not be elastic. But Uber tells us so.

"There is no solid case that price-rationing is optimal or even remotely a good idea when dispersion of purchasing power is very large. "

"people have a strong preference for price-predictability over immediate access"

interfluidity � Surge!

Howard Marks on Oil

http://www.oaktreecapital.com/MemoTree/The%20Lessons%20of%20Oil.pdf

In Defense of A Troublesome Inheritance�|�Nicholas Wade

In Defense of <i>A Troublesome Inheritance</i>�|�Nicholas Wade:



 "People need not be identical twins to be equal before God, before the law, and in their rights to equality of opportunity.

Tuesday, December 02, 2014

My Ferguson Problem - NYTimes.com

My Ferguson Problem - NYTimes.com:



we can afford to undertake reforms to reduce incarceration rates and limit “warrior cop” (and related) excesses, and that conservatives, in particular, have both a moral obligation to take the lead in such reforms (as many conservative-governed states and some national Republican politicians have done) and a political incentive to show minority communities that the G.O.P. is capable of questioning abuses of state power (and unionized overreach!) even when it isn’t a Republican constituency getting the short end of the stick.

PE

On valuations



http://cdn1.valuewalk.com/wp-content/uploads/2014/02/document-805915460.pdf

Chris Rock on Ferguson, Cosby, and Obama -- Vulture

Profound statements on race:

White people were crazy. Now they’re not as crazy. To say that black people have made progress would be to say they deserve what happened to them before.

Chris Rock on Ferguson, Cosby, and Obama -- Vulture