I believe it is clear that the main reason the economy has been growing slowly since the financial crisis is overly tight monetary policy. Inflation has been chronically low. The [ … ]
The “News” Is Content-Free
We’re “your” trustworthy news source, even though we’re all owned by six corporations or billionaires with political agendas. The “news” has loomed large in The News–a classic self-referential loop in [ … ]
The Inevitability Of DeGrowth
Debt-dependent consumption in a world in which wages stagnate for the bottom 90% and energy costs increase as demand outstrips supply is a system with only one possible end-point: collapse. [ … ]
Bernanke and Growth
“When Growth is Not Enough” is the title of a recent Ben Bernanke speech in Portugal. I found it via the NYT article on the “Robocalypse”, which contained this bizarre quote [ … ]
Pray for Rain
photo credit: Wikimedia Commons Glastonbury Campsite In my salad days as vulgarity correspondent—that is to say, a reporter on the disgusting ways in which young British people so often chose [ … ]
Nothing is new. A great letter from Jefferson. Truths. Probabilities. Possibilities. Lies
I watch very little television and other than business-y things, I read little of the immediate news which flares continually. If something’s only relevant the day it’s published, it’s not [ … ]
We Need a New American (Social) Revolution
for his full posts and archives. The solution is a new decentralized way of living that bypasses the chokepoints of centralized political and financial power. Solutions abound outside the confines of [ … ]
Cash has no memory
What would a government-backed digital currency look like? A country’s central bank would need to become a deposit-taking institution and hold accounts on behalf of citizens and businesses. All of [ … ]
If a pollster called me, I would tell them the minimum wage should be $15. The reverse prank call
Pollsters don’t call me, this is kinda frustrating ‘cos I have so much to tell them and I hope they ask me the right questions. Even if they don’t I’ll [ … ]
Amazon is a country, Jeff Bezos is its tyrant and we are the useful idiots
On November 22, 250 pilots at ATSG’s Amazon-servicing subsidiary, ABX Air, went on strike to protest the lack of compensatory time off granted after the pilots were forced to work [ … ]