Felix Salmon quotes:

In a Bloomberg poll, 88% of respondents said that Wall Street bonuses should either be banned outright or taxed at 50%. Just 7% said they should remain an incentive. To put that 7% figure in perspective, 6% of Americans believe the moon landings were a hoax; 7% believe Elvis lives; 24% believe that Barack Obama is a secret Muslim; 41% believe in ESP; and 48% believe in creationism. Americans will believe anything, it seems-except the idea that incentivizing bankers at systemically important institutions to take big risks makes any sense at all.

Breaking news is the most masturbating thing journalists do.

Currencies are things that you use to pay for other things; commodities are things that you buy. If art is going to be one or the other, it's going to be a commodity, not a currency.