Daily chart: computing power and stockmarkets. Moore’s Law, an observation that the “number of transistors incorporated in a chip will approximately double every 24 months”, has held broadly true since the creation of the first transistor in 1947. This advancement has facilitated the ability to trade ever-larger volumes of shares.
I’m reblogging this because a) it’s absurd and fantastic in proportion and b) because there are tradeoffs between costs of liquidity and benefits of liquidy on a societal scale. The more liquidity is availible to us, the faster the marginal cost of greater liquidity increases and the slower the marginal benefit increases. As you can see above, we’ve got a whole goddamn lot of liquidity.
