Notes: How government got captured by the powerful. Insights from Brink Lindsey and Steven Teles’ The Captured Economy: How the Powerful Become Richer, Slow Down Growth, and Increase Inequality. (The Atlantic)
Quote of the Day
“Disney is becoming the Walmart of Hollywood: huge and dominant...That’s going to have a big influence up and down the supply chain.”(Barton Crockett, a media analyst at B. Riley FBR)
Chart of the Day
ZIRP is effectively dead.