“Amazon has no plans to use the technology it developed for Amazon Go to automate the jobs of cashiers at Whole Foods. No job reductions are planned as a result [ … ]

Tim Kroencke at the University of Basel wrote a nice follow up on non-voting shares (previous posts here and here) , which I share with permission. Some of the controversy [ … ]

Centrally issued money optimizes inequality, monopoly, cronyism, stagnation and systemic instability. Everyone who wants to reduce wealth and income inequality with more regulations and taxes is missing the key dynamic: central [ … ]

A few months ago, in a delphic stupor, or maybe I was having lunch, I saw, clear as I see you now, America being just a movie stage, a mock [ … ]

Todd Henderson and Dorothy Shapiro wrote me a thoughtful response to my post on non-voting shares. Todd and Dorothy: Response to Cochrane We are grateful for Cochrane’s thoughtful response to our [ … ]

photo credit: Bigstock I hesitate to show myself in a good light—it seems so much more honest, somehow, to confess to being a complete swine—but the other day I did [ … ]

The over-criminalization of America has undermined justice, the rule of law and legal egalitarianism. While the corporate media devotes itself to sports, entertainment, dining out and the latest political kerfuffle, [ … ]

In my last post about AI I briefly broke down a survey of Artificial and Machine Learnings ‘experts’.  Rather then doing forensics of the survey I started at the very [ … ]

There will never be a bigger plane built. —Boeing engineer on the 247, a twin engine plane that held ten people.   The word “robot” comes from robota, which is Czech [ … ]

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 [ … ]