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    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 […]

    Commentary / banking, Goldman Sachs, Morgan Stanley /

    Back to the Bank?

    June 17, 2021

    Following on from the revelation that our impoverished banks are thinking off penalizing their staff for the rather obvious and rational decision to re-locate, along with their big city wages, to a low cost place to live, we discover that most are now trying to force those recalcitrant workers back to the big city offices. […]

    Commentary, Economics / Berners-Lee, blockchain, capilaism, democracy, digital revolution, industrial revolution, machinery question /

    The Missing Magic

    June 16, 2021

    I read this morning that Tim Berners-Lee is going to auction the original code he wrote when he invented the world-wide-web.  The code will be packaged up in a non-fungible token and sold, no doubt to one of the egregiously wealthy folk who have ridden his invention to enormous fortune.  Berners-Lee is surely one of […]

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