Vaguely on topic, but the University of Chicago was also the site of the world's first man-made nuclear criticality. Enrico Fermi set up the Chicago Pile-1 underneath the stands of a rackets court; as part of the Manhattan Project.
This work was the proof that a nuclear reaction was not only sustainable, but controllable.
Comments (5)
Even though it is one of the worst written books I've ever read, the Black Swan by Nassim Taleb deals a lot with this.
Markets maybe efficient in a controlled environment, but they hate surprises.
Posted by Steve | June 7, 2009 9:05 PM
And here's an interesting view contrary to the idea that excessive debt leads to inflation:
http://tinyurl.com/mx7mre
Posted by PMG | June 7, 2009 9:21 PM
Not "everybody" deserves credit according to this news report written a year ago.
http://archives.chicagotribune.com/2008/jun/18/local/chi-milton-friedman-flap-18-jun18
Posted by A Hopeful | June 7, 2009 10:39 PM
I seem to recall a time when the only credit cards my parents had were for Lipman Wolfe, Olds & King and Texaco.
Posted by NW Portlander | June 8, 2009 8:24 AM
Vaguely on topic, but the University of Chicago was also the site of the world's first man-made nuclear criticality. Enrico Fermi set up the Chicago Pile-1 underneath the stands of a rackets court; as part of the Manhattan Project.
This work was the proof that a nuclear reaction was not only sustainable, but controllable.
Posted by MachineShedFred | June 8, 2009 8:47 AM