Paul Krugman presents “Robot Geometry” based on Ryan Avent‘s “Productivity Paradox”. It’s more-or-less the skill-biased technological change hypothesis, repackaged. Technology makes workers more productive, which reduces demand for workers, as their [ … ]

This post will be the last of three that explains the con man context to Uber. In the last few days the President resigned, Uber is unwinding, Rather than continue to [ … ]

Mythologies die hard. People don’t want to let them go. We need them. Mythologies have to be preserved by its adherents. If someone is willing to be shunned and ridiculed, [ … ]

I teach today, so this will be quick. Why am I opposed to raising interest rates? First, I should mention this is a debate which we’ve had before. When the [ … ]

Can we agree that professional licensing requirements are meant to be exclusionary? Whatever opportunity there was, that door is being closed. Can we also agree that the government doesn’t create anything? [ … ]

With the US dollar already a bit overvalued, and the US stock market also looking richly valued by historical measures, I need something to invest in each month. Thus, I [ … ]

More Bank Capital Could Kill the Economy write Tim Congdon and the usually sensible Steve Hanke in today’s Wall Street Journal. I was expecting a quantitative disagreement on plausible channels — [ … ]

Journalism 101: every hacking story must include a pic of a dude in hoodie/mask or hands on keyboard & either binary or some matrix shit

Technology brings efficiency and productivity gains, but its asymmetrical. The provider captures the most of the gains, improved shareholder equity, earnings, they can redirect staff away from servicing clients and [ … ]

Must we wait til the corpse of Uber is cold to begin its postmortem? This will be divided up into three posts, this first one is comparative biology, the bookend on [ … ]