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Macroeconomic Occasional

This reminds me of Steven Pinker's "Enlightenment Now", where he quotes Max Roser "that if news outlets truly reported the changing state of the world, they could have run the headline NUMBER OF PEOPLE IN EXTREME POVERTY FELL BY 137,000 SINCE YESTERDAYevery day for the last twenty-five years."

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On a stage in Omaha, Nebraska on Saturday two men aged 88 and 95 reminded the audience that if anybody had invested US$10,000 into US equities in 1942 when Warren Buffett started buying shares, it would now be worth over US$50 million.

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