The self-publishing revolution continues. My comments on this are mostly snarky, and I can't claim to have followed its developments very closely. But right off the top of my head I feel compelled to remind everyone that Lambert allows "self-publishing" on this web site for people, for free. There's a nice little button over to your right if you'd like to show your appreciation for that. Secondly, I'm hip deep in some reading about the Reformation right now, and I'm reminded again of just how powerful "self-publishing" has been in history. For example, English language copies of the Bible were actually eventually banned by Henry VIII; the "reformation" king of England was in theological terms, pretty Catholic in all but allegiance to Rome, and was disturbed by all the sects and dangerous ideas rising up during the period in which he allowed translations to flourish. Turns out this was not a genie he, or anyone, could put back in the bottle. The rest, as we say, is history.

Please read Paul Jorian's blogpost regarding the implosion of the credit markets, the reasons, the influence of "The Chicago School" of economists whose assumptions continue to help us not understand how economies work, and "What it All Means".

Don't feel bad to reread each sentence, mouth-moving to form the words, just as I must do. Just read it. (plus it's fucking footnoted. My god, who footnotes a blog!!!????)

Here are some teasers:

The opener: