An interesting showdown is brewing. On the one hand, we have various surveys and forward-looking price indexes indicating a recovery is in process (Mark Perry is one of the regular trackers of these) On the other hand, we have “mechanics”… Read moreThe economic Thrilla in Manilla – numbers vs psychology
Yes, I admit it – I get obsessed about specific topics, and talk about them for a while before I stop. Right now, I’m enjoying the ideas and concepts behind the Culture. When I stop to think about it, I… Read moreFederation vs. Culture
The Culture novels are unapologetically socialist. And why not – if everyones needs can be satisfied at essentially zero cost, and 99.9% of wants can be satisfied in the same way, the concept of scarcity goes out the window, and… Read moreArtificial Scarcity
Is there anything it can’t do? I’ve read studies that suggest that first children have more ability to hold delay gratification than later children. And that they are generally more successful.
Heh. When you make a career out of predicting the same bad thing over and over again, someone eventually calls you on it. http://paul.kedrosky.com/archives/2009/05/lester_brown_on.html how many times do doomsayers have to be beaten with the “innovation breaks your paradigm” stick… Read morePwned!
If this is real (i.e. not a fake), I find it deeply distressing. More for the precedent it sets than for any particular sympathy for Mr. Frey. We are complicit in the forging of our own shackles.
Interesting article on user-created content in MMOs (Massively Multiplayer Online games). I wrote a MMO back in 1990-93 (although it stood for Modestly Multiplayer Online back then), and I play one today, so I feel I have some level of… Read moreUser Managed Content
Sage advice from the far, far distant past.
*update* – it turns out “Disasterotica” is already used, so I will modify it: Financial Disasterotica You know – the bold and confident predictions of an utterly catastrophic failure of the United States. Especially when these predictions are florid and… Read moreIn which I coin a new term
Are Net Generation kids more libertarian? In my experience, younger people are more individualistic and freedom-loving in general – although they definitely also seek to limit the freedoms of “the other” – woe be unto you if you fall into… Read moreMeet the new boss…
Will markets remember that Obama bailed out the UAW and gave everyone else the shaft? My prediction: Of course they will, for about 15 years. And during that time, if you are a company that relies heavily on unionized labor,… Read moreMarket Memory
This is one of those frustratingly silly thought experiments that drives me around the bend. The idea that its rational to discount your bid only applies as long as you can possibly make more money using the discounting strategy. Once… Read moreTraveller’s Dilemma
Irony abounds. It is good that they are safe!
Do you like ice cream? Why aren’t you eating it right now? Did you get any bad news earlier this week? Why aren’t you already dead by suicide? The answer to both of those questions is the same – Because… Read moreThe intermingling of billions of variables