felix salmon

Felix Salmon is the senior editor at Fusion

The Bitcoin Bubble and the Future of Currency

A few days ago, the value of all the bitcoins in the world blew past $1 billion for the first time ever. That’s an impressive achievement…

Apple just proved that the zero lower bound still exists

Can companies be paid to borrow money? It’s theoretically possible — but it hasn’t happened yet. And the example of Apple in…

Davos: Fear ascendant

Davos is the spiritual home of homo economicus, where human behavior can generally be explained in terms of the perpetual war between greed and fear. That’s one reason…

Susan Wojcicki’s biggest challenge

Can she turn YouTube into an ad platform as indispensable as Facebook?

Art: Pre-capitalist conspicuous waste?

Here’s one way that capitalism works: you find a special idea, something truly innovative. Impressed by its genius, you invest, and magic is made. By…

Whither nanopublishing?

An IM conversation with Stratechery’s Ben Thompson

I got a fair amount of pushback from small publishers after I declared that “if you’re

Uber’s secret weapon: The world

The value of Uber lies increasingly in the global ubiquity of its service

Annals of income inequality, Pimco edition

Barry Ritholtz has a blockbuster of a story today, with detailed 2013 pay figures for senior Pimco employees. The top of the food chain, that year, looked something like this*:

Bill Gross: $290 million
Mohamed El-Erian: $230 million
Daniel Ivascyn: $70 million
Wendy Cupps: $50 million
Douglas Hodge: $45 million
Jay Jacobs: $22…

Who gets the money spent on share buybacks?

(Hint: It’s not only shareholders.)

Andrew Ross Sorkin recently discovered the secret to how companies like IBM keep…

In praise of oligopoly

Having three major labels in the middle of the music-industry ecosystem is a good thing all round.

What’s the punishment for ripping off consumers?

It won’t come as any surprise to you, I’m sure, that large financial institutions lie to their customers and rip them off. It would…