“If machines produce everything we need, the outcome will depend on how things are distributed.” Once robots take over it’s how society decides that everything is distributed. It’s something humans need to … Continue reading Stephen Hawking Says We Should Really Be Scared Of Capitalism, Not Robots

The national debt is not what we currently owe but what we currently own Put simply, the commercial bank circuit serves private needs while the government circuit serves collective needs. The bank … Continue reading Is world-leading NHS healthcare an affordable proposition?

In the event of a dirty bomb or a nuclear meltdown, emergency responders can safely tolerate radiation levels equivalent to thousands of chest X-rays, the Environmental Protection Agency said in new guidelines … Continue reading EPA Says Higher Radiation Levels Pose ‘No Harmful Health Effect’

A new movie sets its doomed entrepreneurs amidst 17th-century “tulipmania”—but historians of the phenomenon have their own bubble to burst. All the outlandish stories of economic ruin, of an innocent sailor thrown … Continue reading There Never Was a Real Tulip Fever

Facebook and Twitter are hurting those they should be protecting. Due to public pressure, corporations are now censoring our public discussion, blocking accounts that say something that a powerful group does not … Continue reading Corporations Have Utterly Failed to Protect Speech

Biloxi administrators pulled the novel from the 8th-grade curriculum after the district received complaints that some of the book’s language “makes people uncomfortable.” Isn’t that the point behind the book? To make … Continue reading School district pulls ‘To Kill A Mockingbird’ from reading list; ‘makes people uncomfortable,’ official says

Western governments have printed trillions of dollars to boost their economies. While the asset-rich have reaped the benefits of QE, millennials and the poor have lost out. Interesting read. If the governments … Continue reading How the world’s greatest financial experiment enriched the rich

Much of the developed world has experienced stubbornly low real wage growth since the financial crisis of 2007. Here’s why, and what can be done. Good reading. Source: Why You’re Not Getting … Continue reading Why You’re Not Getting a Raise

Republicans and Democrats should stop obsessing over using the deficit as a guide to public policy. Government deficits equal private sector surpluses. A whole slew of the world’s problems can be solved … Continue reading How We Think About the Deficit Is Mostly Wrong – NYTimes.com

The robot factory Adidas built in Germany is now fully functional and ready to start making the first Speedfactory shoe that will be sold to the public. Adidas has revealed that it … Continue reading Adidas will finally start selling shoes made by its robot factory

The Democrats claim to be the Party that “really cares” about the deficit. This is not simply dishonest and financially illiterate, it is also a trap. It’s time for our politicians to … Continue reading Jared Bernstein & the cost of not understanding sovereign currencies

Already, the U.S. oil industry benefits from a dozen specialized subsidies adding up to about $4.6 billion per year, according to a 2015 review by the Obama administration. Among other things, the subsidies reduce the costs of labor and equipment involved in drilling — and shield some of the profits earned on … Continue reading Forget the Paris agreement. The real solution to climate change is in the U.S. tax code.