Krugman’s Magic Act | AIER
In a recent string of tweets, economist Paul Krugman talked about the government issuing either a trillion-dollar coin or “premium bonds” as a means of keeping its nearly seven-decade-long spending spree going. He argued that premium bonds were more likely because, “nobody understands premium bonds,” and “…(it’s) hard to get outraged over something that baffles […]
The 14th Amendment & the Destruction of the United States
Interpretation of the Constitution is often caught up in controversy. What is beautiful to one person is average or ugly to another. The best construction regarding law was the cornerstone of Justice Scalia who I regard as probably one of the most brilliant minds that ever sat on the bench. Of course, the left […]
A Modest Proposal to Fix Social Security
The annual report of the Social Security Board of Trustees on the long-term financial status of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds released on March 31 showed that from 2034 Social Security won’t have enough money to pay all beneficiaries the amount they are entitled to. There is no great mystery in […]
Fed’s John Williams says rates could be increased if inflation doesn’t come down
John Williams, Chief Executive Officer of the Federal Reserve Bank of New York, speaks at an event in New York, November 6, 2019. Carlo Allegri | Reuters NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a while to work their way through the economy […]
The threat and promise of artificial intelligence
In 1900, the UK had 3.3mn horses. These animals provided pulling power, transport and cavalry. Today, only recreation is left. Horses are an outmoded technology. Their numbers in the UK have fallen by around 75 per cent. Could humans, too, become an outmoded technology, displaced by machines that are not just stronger and more dexterous […]
