Marking to market is a good idea, but beware of the unintended consequences of good ideas.
This article makes the same point, and many others (about Fannie and Freddie, about the repeal of Glass-Steagall), very well.
Generative AI and Entrepreneurship
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This paper studies how Generative AI (Gen AI) is reshaping the U.S. startup
ecosystem. Exploiting the release of ChatGPT, we show that startups with
grea...
5 hours ago
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