This essay is excellent. Just click the link. Kai Stinchcombe argues “blockchain is a … technology, not a metaphor” here’s what blockchain-the-technology is: “Let’s create a very long sequence of small files — each one containing a hash of the previous file, some new data, and the answer to a difficult math problem — and divide up some money […]
Are We in a Trade War? President Trump sent two of his minions out yesterday to lie about this question. Kudlow: We are not in a trade war. What this is is an attempt to right some of the wrongs with respect to China. Our Treasury Secretary said essentially the same thing: Our objective is still not to […]
Trump and his administration love to brag about the number of jobs created since he became president. But the only reason he gets away with claiming that a record number of jobs have been created since he took office is the poor job the press does reporting economic data. It only takes a quick glance […]
Trump’s Trade War, Stranded Assets, and Wilbur Ross’s Shipping Company Paul Krugman relates declines in stock valuations to the insanity of trade policy from Donald Trump and taught me a new expression – stranded asset: An asset that is worth less on the market than it is on a balance sheet due to the fact that it […]
Evergreen Looks in the Mirror and Says It’s OK The “Independent” External Review Panel on The Evergreen State College Response to the Spring 2017 Campus Events (quotes not in the original) just released its report, and it says that everything campus administration has done in connection with this episode and everything it is now doing in […]
Barkley Rosser: This anniversary is a matter of more concern for Angry Bear than the assassinations of other famous people of the past. Let us remember this and honor his struggles in all their aspects on this sad anniversary. “I may not get there with you, but I want you to know tonight that we […]
A Half Century Ago Today A half century ago today Martin Luther King, Jr. was shot dead in Memphis, Tennessee. This remains one of the saddest events in our history. This will not be a long post other than remembering this event that ended the life of this great man. I have only two observations. […]
Our Depleted National Defense Budget? Our title is perhaps the most obnoxious line in the Hoover Five oped per some of the appropriately harsh comments to Cochrane’s post, which alas I did not cover here. Before I do so, let me turn the microphone over to Jonathan Chait: It is a foundational belief of Republican Party doctrine that tax cuts […]