Macroeconomic Thoughts, Part 2

Say what you will about the “social distancing” clampdown put in place all over the world, but you will never find stronger consensus among economists about anything than this:  They are desperately needed if we are to get back on our feet again. Some of you may know... read more +

Macroeconomic Thoughts, Part 2

Say what you will about the “social distancing” clampdown put in place all over the world, but you will never find stronger consensus among economists about anything than this:  They are desperately needed if we are to get back on our feet again. Some of you may know...

read more

“V,” “L,” or “U?”

This is the first of what I anticipate will be a three-part series discussing some of our thoughts on the potential macroeconomics of what the world is going through with Covid-19.   This, Part 1, will talk about the likely contours of the recession we’re surely...

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Rising to the Occasion

Dedicated as we are to analyzing "the economics of law firms" and their brethren, we are all of us in stupefying times.  A few thoughts for those of you on the front lines. First Closing your offices, remote working, and diligent adherence to "social distancing" are...

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On Distributed vs. Authoritarian Systems

At times, and now is emphatically one, when America is challenged we seem to take forever to get up off our haunches and begin the process of trying to wrest back control of the chaos and turn back the threat.   Our response is spastic, uncoordinated, at cross...

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How’s Your Business Continuity Plan?

You do have one, right? In just the past few days, we've heard a few firms volunteer that (a) clients are inquiring about their business continuity plans; (b) they're dusting their plan off; (c.i.) they're making sure they have one (or [c.ii.] creating it on the fly);...

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