The Radford Free Press – Page 40 – All life is problem solving.

Technology: Being and Belief

July 23, 2021

Untethered from questions of inflation, infrastructure spending, and cryptocurrencies, all of which have been occupying my time in recent weeks, permit me time to speculate on something a little more provocative [this remains a work in progress]: E. O. Wilson was here before us when he said: “We exist in a bizarre combination of Stone […]

Economics / bank capital, banking, cryptocurrency, technology /

Techno Babble

July 1, 2021

What is about technology? It’s either a panacea for all our ills, or it’s the cause of all the aforesaid ills. Why can’t we make up our minds? This morning’s Financial Times is, sort of, a good demonstration of the confusion we are in. On the one hand there’s any article about cryptocurrencies. On the […]

Economics / Bank for International Settlements, banking, Eeckhout, inequality, market power, oligopoly /

Structural Defects

June 30, 2021

The Bank for International Settlements issued its annual report yesterday. Perhaps the central banks are feeling a little insecure, or perhaps they are a little more sensitive to economic reality, but the BIS felt compelled to use one third of its report to tackle inequality. Here’s the summary as given in the report: “Key takeaways […]

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