Hamilton’s Haircuts | AIER
We often hear that if the US government defaults on its debt, that will be unprecedented. But one Treasury Secretary in our history actually structured a default on federal debt. Who was it? Hint: there’s a popular musical on Broadway by the same name. That’s right, it was Alexander Hamilton. Hamilton became Treasury Secretary in […]
How Generative AI Can Impact Music and Content Creation
What Is Generative AI Music & Musicfy’s Free Generative AI Music Tool I mean, think about it, no copyright issues, no royalties to worry about. It’s like a dream come true for artists looking to create unique and original music without any legal headaches.One of the biggest benefits of generative AI music for content creators […]
How Japanese policymakers ended up in a very deep hole
Investors betting on tighter monetary policy from the Bank of Japan (boj) have experienced very few victories over the past three or so decades of ultra-low interest rates. The first decision by the boj’s new governor, Ueda Kazuo, proved to be no exception. The central bank’s flagship policy of yield-curve control, which caps ten-year government-bond […]
Gabriel Zucman, a controversial John Bates Clark medallist
Since the global financial crisis of 2007-09 the world has worried more about inequalities of wealth and income. That is in large part a result of work done by a band of French economists, in particular Thomas Piketty, Emmanuel Saez and Gabriel Zucman, which documents a rise in inequality in many countries across recent decades. […]
China’s local-debt crisis is about to get nasty
Locals in guiyang have a keen sense of the distance between them and everywhere else. Over cold rice noodles bathed in chilli paste and vinegar, an elderly resident of the city in south-west China lists a number of recent economic achievements of his home town—namely, the shortening of travel times to other places. Chengdu, a […]
The Dangers of 5G
The Environment and Cancer Research Foundation (ECRF) reported three incidents of otherwise healthy people developing microwave syndrome after 5G towers were installed near their homes or places of work. Microwave syndrome is a condition that can occur when people are exposed to high levels of electromagnetic radiation. These radiations operate at a frequency of 300 […]
Q Editing firmware update file version info
It is usually stored on a read-only memory (ROM) chip, preventing it from getting accidentally erased while remaining close to the device’s metal. End-users can only delete or modify firmware using special programs. In computing, firmware is a computer program that is “embedded” in a hardware device and is an essential part of the hardware.[1] […]
About that 2022 “recession” – Econlib
One of the worst depressions in American history began in mid-1937. At the time, Keynesian ideas were becoming increasingly prominent and many Keynesians blamed fiscal austerity. In fact, there wasn’t all that much fiscal austerity in 1937, certainly not enough to cause a major depression: Between 2020 and 2022 we had roughly twice as much […]
America faces a debt nightmare
On a wall in Manhattan, not far from Times Square, America’s debt clock ticks higher, from $3trn when it was inaugurated in 1989 to more than $31trn today. After climbing for so many years with no obvious economic fallout, it is easy to ignore, not least because it was moved from its location on a […]
