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. [ … ]

“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 [ … ]

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 [ … ]

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 [ … ]

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 [ … ]

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 [ … ]

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 [ … ]

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 [ … ]

I have long admired taxi drivers. They are often well-informed and have a clear-eyed view of human nature that is neither cynical nor sentimental. In the days when there were [ … ]

I am often asked to opine about whether automation will destroy all the jobs. Yes, we talk about tractors, which brought farm employment from something like 70% of the country [ … ]