Ability, Demand, and Innovation: Businesses Hire when they are Swamped with Demand

Jesse Livermore had a great tweet: I think this tweet was a response to Henry Blodget’s post on job creators:  “Now, again, entrepreneurs are an important part of the company-creation process. And so are investors, who risk capital in the hope of earning returns. But, ultimately, whether a new company continues growing and creates self-sustaining jobs isRead More

Innovation requires making stuff

Bill Gates has a favorite author, Vaclav Smil, who has an understanding on how most innovation takes place.  “You also say that manufacturing is crucial to innovation. Most innovation is not done by research institutes and national laboratories. It comes from manufacturing—from companies that want to extend their product reach, improve their costs, increase theirRead More