read recommendations

people and outlets

people and outlets i follow that post regularly

• Tyler Cowen — Marginal Revolution, Conversations with Tyler
• The Macro Compass
• Conks
• Federal Reserve FEDS Notes
• Wolf Street
• Gwern
• SemiAnalysis
• Zlotan Pozsar
• All-In Podcast
• The Overshoot

longer reads

economics and markets

• Mandelbrot's "The (mis)Behaviour of Markets: a Fractal View of Risk, Ruin, and Reward" - challenges the assumptions of gaussian distributions and efficient markets. applies fractal geometry to markets, shows that they exhibit self-similarity. for more technical stuff see "The Variation of Certain Speculative Prices" (1963) and "A Multifractal Model of Asset Returns" (1997).
• Rothbard's "The Mystery of Banking" - a detailed and historically accurate explanation (and critique) of how the banking system works.
• "Political Cycles and Stock Returns" - develops a model linking political cycles and stock returns to time-varying risk aversion, showing that higher stock market returns under Democratic presidents are driven by high risk aversion during their elections, rather than their policies.
• the Baumol effect - how productivity gains in one sector raise costs in less productive sectors.