Hokusai; Nilay Patel on copyright & its future; immigration & the end of American exceptionalism; Matt Yglesias, Angela Angel, & Timothy Burke; interest rates, digital currencies, debt relief, & th...
Wim Buiter is not advocating CBDC. He is advocating the abolition of cash, with nothing else of moment changing. This may be false advertising, but good policy. Cash is unhygienic and criminogenic, as well as imposing a zero lower bound on interest rates. The only coherent argument for cash is a libertarian one, and I ain't a libertarian.
Regarding Nagle and “Scarce Labor,” the US corporate research lab has new possibilities with the introduction of true AI and Boston Dynamics robotics possibilities. US hegemony might continue for a little while longer...
The Great Wave: Fantastic. Had never seen in this much detail before. The part about the novel color, Prussian blue, was almost funny and a reminder of how much choice we take for granted today. Just finished a minor home renno. The toughest decision, I kid you not, was picking one color for wall paint from a bewildering range of white hues.
Wim Buiter is not advocating CBDC. He is advocating the abolition of cash, with nothing else of moment changing. This may be false advertising, but good policy. Cash is unhygienic and criminogenic, as well as imposing a zero lower bound on interest rates. The only coherent argument for cash is a libertarian one, and I ain't a libertarian.
Regarding Nagle and “Scarce Labor,” the US corporate research lab has new possibilities with the introduction of true AI and Boston Dynamics robotics possibilities. US hegemony might continue for a little while longer...
The Great Wave: Fantastic. Had never seen in this much detail before. The part about the novel color, Prussian blue, was almost funny and a reminder of how much choice we take for granted today. Just finished a minor home renno. The toughest decision, I kid you not, was picking one color for wall paint from a bewildering range of white hues.