‘It’s really an impressive system, if you couldn’t give a damn about whether Britain is a pleasant place to live or not. If your ideal scenario is a country dotted by gated communities full of Croesus-rich suburbanites, surrounded by a great roiling ocean of resentful wage slaves and feral scumbags, then the present government’s strategy is working like a charm.’

‘Are You Prepared For The Coming Economic Collapse And The Next Great Depression?’

‘It is completely incorrect to describe Bitcoin as a “pyramid scheme.” Technically, it’s a “pump-and-dump.”’

‘It turns out that fear is not a good motivator. Sales people have mortgages to pay, kids to feed and bills to settle, just like the rest of us.’ An attempt to pay sales people a regular salary instead of commission.

Racism, slavery, excess.

This seems a better solution than passing special laws or breaking contracts.

‘This following text and pictures illustrate an experiment I undertook that involved training laboratory standard rats in trading in the Foreign Exchange and Commodity Futures markets with the effect that I managed to outperform some of the world' s leading Human Fund managers.’ If this isn’t genius, I don’t know what is.

Awesome video visualisation that makes a complex subject straightforward.

‘The credit crunch has exposed many economists’ most cherished ideas for the nonsense they manifestly are.’

‘[...] suggesting that super-sized finance is levying an unjustifiable tax on the productive economy.’

That high pitched noise you hear is coming from a very small violin.

Open source microeconomics textbook. The author understands scarcity, evidently.

Interestingly, it’s meat that has had the least inflation.

I like what Paul Graham has to say about innovation in this short essay.

Q&A-style interview on the Freakonomics blog.

Excellent satire of the subprime issue from Bird and Fortune.

Apparently, Jay-Z is flashing Euro notes in his latest video. Ouch!

GDP per capita graphed against religiosity.

US-specific but still interesting and relevant.

A great explanation of how dodgy loans have come to have global effects.

‘Social drinking builds social capital.’