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The Chicago Fed’s National Activity Index jumped in February with the index coming in at 0.88, its second-highest reading over the past 11 years. The six-month average came in at 0.435, the highest since March 2006, suggesting economic growth remains above its long-term trend.READ MORE
I seriously doubt there will ever be another Facebook. The solutions of the future will be decentralized. Already, most of us run a half dozen – or maybe several dozen – apps in our suites of software that allow chat, sharing, conversations, groups, and so on. The competition will never end, and we will all learn to find joy in the ongoing process of innovation and choice. This is how it should be. Maybe at the end of this, we’ll find the right balance between the privacy we desire and the notoriety we crave. For impossible jobs such as this, I wouldn’t trust the FTC to fix the problem. You have to leave it to the market.READ MORE
Seemingly out of nowhere, we have now an entire suite of technology that could conceivably displace and even replace national money, traditional payment options, and even regulated capital markets, and bring us something new and much more wonderful.READ MORE
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