Sunday, May 21, 2017

Productivity

One of the big mysteries of the information revolution is the question of productivity. We keep using all this tech that clearly lets us do more with less, but instead of galloping higher, productivity levels have stagnated. What’s going on?
It’s possible that the productivity increases are appearing as lower prices rather than as higher incomes. If the price of oil falls from $100 per barrel to $50 per barrel due to increasingly cheap and efficient methods of production, then everybody in the industry is more productive in terms of barrels of oil per hour of work, but since the oil price has gone down, that productivity increase won’t be captured by statistical methods that calculate productivity in terms of money.

Friday, May 19, 2017

FLG Doesn't Get It

FLG has said it before and will say it again.   He doesn't get the appeal of Jean-Michel Basquiat.  In fact, FLG has never seen any of Basquiat's work that makes him think there was ever any talent at all beyond duping drugged up people in the art scene on the Lower East Side in the late 70s.  

$110.5 million for a painting that displays the artistic skill of a picture hanging on a refrigerator?   FLG is astounded.

Monday, May 15, 2017

Sunday, May 14, 2017

Celebrity Sighting: MSP Edition

FLG is pretty sure that he saw Dean Ornish at the Minneapolis Airport on Monday.
 
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