Scientists warn over misuse of models
I’m so old, I remember Neil Ferguson’s projection of 2.2 million deaths in the U.S. by last spring, and Christopher Murray’s projection that NY would run out of ventilators (so…
Large international study finds lockdowns not effective
Locking people up like prison inmates was no better than less restrictive measures: The peer reviewed study, which was conducted by a group of Stanford researchers and published in the…
Not good for summer travel hopes: Harvard Cancels Summer 2021 Study Abroad Programming
“Harvard Summer School suspended all study-abroad programming for the summer of 2021, citing concerns over the ongoing COVID-19 pandemic.” Source: Harvard Cancels Summer 2021 Study Abroad Programming | News |…
DJI can no longer buy components from the US for its drones
DJI products can still be sold in the U.S., but DJI is prohibited from buying parts from U.S. suppliers. Thus, this only hurts U.S. companies but ya know, we are…
Federal Reserve to embrace inflation; easy way to inflate our way out of the debt caused by printing trillions of $s
The Federal Reserve announced a significant change in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded the Fed’s 2%…
How inflation taxes cash
“If you take cash, on the other hand, and you think about it from a purchasing power standpoint, if you own cash in the world today, you know your central…
Check the track record for those giving economic advice
Nobel economist Paul Krugman, Election night, 2016, writing in the NY Times: Nobel economist Paul Krugman, July 28, 2020: As Talib has observed, most economics prognosticators do okay for some…
Economics: When there is no scarcity
The reality of life today is that life is actually quite good - compared to the past. (Poverty is at a global low point, for example. Literacy is at a…
What if Blockchain is not that useful?
There are downsides to blockchain technologies and processes (blockchain algorithms power Bitcoin and other cryptocurrencies): Each purported use case — from payments to legal documents, from escrow to voting systems…
Retailers using automation to reduce labor costs
Source: Retailers looking to save on labor costs turn to automation $15 per hour minimum wage, $4 to 5$ hour in benefits adds up while the costs of automation fall…