Blog Archives

Krugman’s Baby-Sitting Coop

Once upon a time, there were three neighboring families with young children.  They all needed babysitting at different times and there was a shortage of reliable professional babysitters in the neighborhood.  The neighbors all wanted their children to be able

Posted in Macro

Why are we so afraid of other nations that can’t even take care of their own shit?

TomDispatch has a great article about the insanity of our military’s spending priorities and the money-grubbing paranoia of the associated defense-industrial complex. It is scary. You gotta read it. At the same time, all rich nations are military allies of

Posted in Development, Public Finance

#Pence2018 vs Trump tariffs

On Friday I was called in for a TV interview with WLIO about Trump’s tariffs so I put together a few notes for myself that I might as well post. Trump says he will impose a 25 percent tariff on

Posted in Globalization, Pence2018

How to indebt future generations. Borrowing alone does not do it!

Private investors were begging governments to borrow more money in 2015. Interest rates were extremely low: Government debt cannot significantly be a significant burden when interest rates are that low. For example, when interest rates are zero, there is no

Posted in Macro, Public Finance

Keep marriage within the family?

Robin Fox believes that 80% of all marriages in all of history were between second cousins or closer relatives, but that has been changing rapidly since the advent of industrialization. Today, only about 10% of marriages are consanguineous. Little of

Posted in Labor

Naming aspirations

If “A rose by any other name would smell as sweet,” does it matter what names we have? Rafael Cruz thinks so. He is better known by his nickname, Ted Cruz, the 2016 presidential candidate from Texas who prefers a stereotypically Anglo name, Ted,

Posted in Discrimination, Labor

The mistaken libertarian/anarchist theology underpinning bitcoin and other blockchain currencies

Ian Bogost writes that Cryptocurrency Might be a Path to Authoritarianism. You should read the full article for full effect, but he says that “Extreme libertarians built blockchain to decentralize government and corporate power,” and blockchain could consolidate the control

Posted in Macro, Public Finance

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