Why the Gold Crash? The Failure of Inflation to Take Off
One of the key features of the post-2008 gold boom was the notion that inflation was soon about to take off due to Bernanke’s money printing. But so far — by the most-complete inflation measure, MIT’s...
View ArticleIn The Long Run We’re All Dead
Niall Ferguson’s bizarre attack on John Maynard Keynes which he has now apologised for — claiming that Keynes’ lack of children led to him taking an irresponsible attitude to the long run — has...
View ArticleWhat America Really Thinks About Obamacare
When I see discussion of Obamacare in the media and especially on blogs, I often see the impression that Obamcare is a communist scheme to impose socialised medicine in the United States: Actually,...
View ArticleThe London Real Estate Bubble
In October, London real estate asking prices jumped 10%. In my view is kind of parabolic-looking jump has developed out of quite a silly situation, and one I think is a good exhibit of just how...
View ArticleWould you cuddle a stranger for $80 an hour?
Cuddling feels great. But cuddling also has lots of quantifiable medical benefits. It releases the trust hormone oxytocin, which creates a sense of well-being and happiness, and endorphins, which are...
View ArticleIs there life on Jupiter’s moon?
The hunt for alien life just made a pretty big breakthrough. Unfortunately — or perhaps fortunately — we’re not anticipating flying saucers on the White House lawn anytime soon. Instead, scientists...
View ArticleRich people prefer productive companies while the poor prefer shiny lumps of...
Gallup’s poll on Americans’ favorite investments always makes fascinating reading. Every year, Gallup asks Americans to choose the best investment from the following choices: Real estate, stocks and...
View ArticleIs Jeremy Corbyn The Answer?
Labour’s defeat in the 2015 election may have been as much of a function of demographics as anything much else. As I wrote earlier this week: “Britain is greying, and older people tend to be more...
View ArticleAutomation, Space Colonization & The Post-Transactional Economy
Image: NASA “How is this even a business?” my late father asked when I described a notional model for human space colonization. “How are you going to make money? What product are you going to sell?”...
View ArticleBitcoin Is Failing As Money—But Bitcoin Cash Isn’t
Money has three principal functions: as a medium of exchange, as a store of value, and as a unit of account. Secondary attributes that have aided the adoption of various forms of money include...
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