We have spoken over the years — here, here, and here — about the centralizing and decentralizing forces that play out within our cities. Agglomeration economies, for example, are a centralizing force. There are real economic benefits to people and firms clustering together in cities.… Read More
This is not all that surprising: It is not surprising for at least two reasons: We knew that central banks would tighten the money supply at some point and that it would have a negative impact on asset prices. Many of us believed that a… Read More
In this recent post by Naval Ravikant, he argues that innovation seems to like two things: decentralization and a frontier. He starts by giving the examples of more decentralized states (i.e. smaller federal governments) and the Wild West. The American frontier was, as you know,… Read More
If you had a free 24/7 chauffeur to drive you anywhere you wanted, do you think that would impact where you lived, worked, and played? Put differently, if you were relieved from actually having to contend with traffic yourself and if you never had to… Read More
BRANDON DONNELLY 