I am not an economist, but lots of real economists are trying to scare me into thinking that the dollar is doomed, and the exploding deficit is responsible. What does this mean for me?
Category Archives: Future
Aren’t We All Rentiers?
When we own capital, and then charge people to use it, but don’t give it to them, we become rentiers, to use the economic term invented by David Ricardo
AI: What’s Really Happening Here?
I’m not really an AI doomer, but I thought I might put in a word for control of these new technologies, and for THE PUBLIC INTEREST, not just the tech industry!
What Is This “AI Bubble” You Hear About?
Huge amounts of money are feverishly pursuing the AI industry, including data centers and still uncertain future developments — sure looks like a bubble!
Are We Doomed?
Physics tells us all things are doomed, via entropy — but there’s another way of looking at the universe, depending on your preferred timeline …
Labor Productivity
People oversimplify the idea of productivity, and the basic concept is pretty simple (Productivity = Output/Input). But the modern world economy, due to technology, social forces, etc. makes the definition of “productivity” a bit more interesting …
The Problem with “Degrowth”
Why Is This Economic Model Consigned to Such an Ignominious Little Left-wing Niche? In 1972, the Club of Rome published its alarmist report The Limits to Growth. 52 years ago, the world had not yet discovered climate panic. Indeed, climate science was still developing its nascent modeling techniques – not yet recognized by a generalContinue reading “The Problem with “Degrowth””
Wealth Creation: Does it Matter Where it Comes From?
Rent-seeking, in economic thought, seems to be critical to capitalism’s survival … but so is labor! Both are necessary to achieve the abundance we all seek …
Mutual Aid: From Kropotkin to Graeber
Two seminal anarchist thinkers contributed to the development, over the last 200 years of that strand of political and social philosophy in ways rivaled only by Karl Marx …
Alignment: Not Just for AI
Social alignment is, as always, the central moral question behind any engineering project — AI alignment is no different, do we trust ourselves enough to shepherd these projects?
Warp and Woof 