Employers have no choice: it’s innovate/automate or die. Automation–networked robotics, software and processes–has already had a major impact on jobs. As this chart from my colleague Gordon T. Long illustrates, the [ … ]

Anthony Diercks has a very useful review of the the academic literature on the question, what is the optimal inflation rate? He includes 150 papers, ordered from low to high inflation. [ … ]

In March I began the post-mortem on Uber. The body had not yet given up its ghost, but I was impatient. This is the very last Uber post. It’s the one [ … ]

The entire global economy now depends on this stripped-of-information “market” for its stability. Ho-hum, another day, another record high in the S&P 500 (SPX). What is this market telling us? If [ … ]

The “fixes” to the stagnation of postwar Capitalism in the 1970s were financialization, globalism, and the sustained expansion of debt–all have run out of steam. Many of us have written [ … ]

photo credit: Bigstock There is no better or more salutary way of reminding yourself of your own profound and irreparable ignorance than to browse in a well-stocked secondhand bookshop. It [ … ]

We want this time to be different so badly, we can almost taste it. If you visit San Francisco, you will find it difficult to walk more than a few [ … ]

Whatever a progressive ‘is’, its adherents have been protesting loudly, and Facebook  ‘liking’ eagerly, on the need for gender-neutral pronouns to accommodate transgender and gender-fluid preferences. For them, gender must [ … ]

“Apple did something far smarter than wrap a good technology in a snazzy design; it wrapped a good technology in a great business model.” Johnson, Mark W. (2010-02-22). Seizing the [ … ]

Nothing is as permanent as we imagine–especially super-complex, super-costly, super-asymmetric and super-debt-dependent state/financial systems. Identifying the tell-tale signs of Imperial decay and decline is a bit of a parlor game. The [ … ]