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.