Blog Archives

Republicans inch toward a basic income

You really have to wonder what Marco Rubio could accomplish if his political party allowed him to publicly acknowledge reality. Once again, as he did in the immigration debate, Rubio is nudging the party toward an obvious solution on poverty

Tagged with: ,
Posted in Economics

Oil pressure is building

Oil prices began their collapse almost a year ago, yet the impact to the industry and speculators has been light. There have been no major hedge fund failures. Large energy companies have taken advantage of the opportunity to conduct some

Tagged with: , , ,
Posted in Economics, Technology

Perhaps if we understood the minimum wage…

Jeb Bush, who is trying to brand himself as the sane alternative to the Republican Presidential field, just backed the repeal of the Federal minimum wage. So, that’s that. Meanwhile, there is still time for Republicans to prepare a credible

Tagged with: , ,
Posted in Economics, Election 2016, Neo-Confederate

Using markets to protect the environment

Operating an industrial boiler requires skill and experience in addition to the significant capital outlay required to obtain them. It also requires something else – adherence to a lengthy set of operating rules laid out and frequently updated by the

Tagged with: , , , ,
Posted in Economics, Environment, Ownership Society

About that commodities bubble…

Two weeks ago I regretted, with some relief actually, that my earlier predictions about a bubble in commodities derivatives seemed to have been inaccurate. More to the point, the oil price collapse triggered by the Saudis had not led to

Tagged with: , , ,
Posted in Economics

The unemployment rate is overrated

This month’s unemployment report was essentially the same as the last few dozen before it. Unemployment ticked slightly downward again, but much of that decline came from people “leaving” the labor force. Labor force participation peaked in the ’90’s and

Tagged with: , , , , ,
Posted in Economics

Cowering behind a border wall

Over the next few weeks we can expect to hear a lot from Republicans about border security. What we will not hear is any explanation of what border security actually looks like. That’s because border security, as used in this

Tagged with: , , , ,
Posted in Economics, Immigration

Porn and the future of labor

Porn is free. Accelerating advances in communications technology combined with changing social norms have transformed the market for pornography, leading to the sudden collapse of business models that just a few years ago were generating tens of billions in revenue.

Tagged with: , , , , , , , ,
Posted in Art, Economics, Ownership Society

Using evolution to rescue Economics

To a large extent Economics may be considered a victim of its success. No other branch of the social sciences has such marketability. No one takes their PhD in Sociology or Paleoanthropology to a six-figure job at Chase. Unfortunately, firms

Tagged with: , ,
Posted in Economics

Peaches, chips and immigration

Two stories caught my eye this week for their potential impact on labor markets, immigration policy and wider issues. The first involves a new computer chip being introduced by IBM based on the neural architecture of the human brain. From

Tagged with: , ,
Posted in Economics, Immigration, The Second Machine Age
Goodreads

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 468 other followers