Byrne Hobart

When people talk about the financial services industry and subsidies, they’re usually thinking of implicit subsidies the industry receives — you can cast the bankruptcy code, the tax treatment of interest, and even the existence of central banks as an implicit finance industry subsidy. But it’s a tricky topic:

American liberals and conservatives don’t differ in explicit beliefs all that much. In a non-parliamentary system, the two parties coalesce at just-visibly-left- and just-visibly-right-of center. There’s no need to go any further, and per Hotelling’s Law it’s a bad idea anyway. And yet on countless individual

The copywriter Eugene Schwartz was a master growth hacker. Sometimes, he wasn’t sure if a product was worth manufacturing — so he’d run ads for it and sell it anyway, and just cancel the orders if demand wasn’t there. Sometimes, it’s the marketing campaign that creates the