Capitalism's Evolution: Industrial to Financial

Former Central Bank governor lectures on the theories and practices of China's ambitious central bank digital currency.China appears to be the most ambitious among major economies to develop its central bank digital currency - the digital yuan, and we have covered its development before.On October 10, 2023, Yi Gang, China’s central bank governor between 2018 and 2023 gave a public lecture at Tsinghua University entitled 数字人民币的相关理论与实践 Theories and Practices Related to the Digital...

Uncovering the Dark Side of Capitalism

Cohousing, another way to have multifamily and multigenerational housing. Why Cohousing Could Be the Answer for Aging Baby Boomers, Carbon Upfront, Lloyd Alter In a recent post, Why the future of housing should be multifamily and multigenerational, I mentioned cohousing, which was started in Denmark primarily by young families as a way of sharing resources like childcare. Katheryn McCamant and Charles Durrett summarize it in the...

In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If extended, we can expect another $1.5 trillion. Special exempts were written into the bill so those (business interests) who benefited from the tax cuts would have the tax break into the 2030s. We beginning to or are exceeding the nations GDP. RI’s Emily...

“Using the Joint European Torus (JET) — a huge, donut-shaped machine known as a tokamak — the scientists sustained a record 69 megajoules of fusion energy for five seconds, using just 0.2 milligrams of fuel. That’s enough to power roughly 12,000 households for the same amount of time.”Progress, yes, but incremental.“And myriad challenges remain. Khan points out that the team used more energy to carry out the experiment than it generated, for...

My latest piece in The Conversation, looking at Australia’s belated move to adopt fuel efficiency standards for light vehicles Australia looks set to adopt fuel-efficiency standards after the Albanese government on Sunday revealed options for the long-awaited policy. The government says the reform would lead to more cars that are cheaper to run, eventually saving Australians about A$1,000 per vehicle each year. The announcement comes a decade after the Climate Change Authority...

And now for something completely different: portents of DOOOM  – by New Deal democrat. February 9, 2024 The lion’s share of the employment news recently has been very good. But not all of it. In particular, several of the annual revisions to the Household jobs Survey, and several other measures of employment and unemployment have been downright gloomy. Since I haven’t discussed them at any length, I thought I would collect them all here....

Short term trading is a short path to becoming broke.

Uncovering the Flawed Financial System