Society Needs Autocatalysis Memes

March 12th, 2015
in Op Ed, syndication

We need New Therapies For Aggregate Clumsiness. There Is No Cure. Forget The Federalist Papers. We Need The Autocatalysis Memes. Pronto.

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We read a great article by Mike Lofgren in the Washington Monthly: Operation Rent Seeking: How the war on terror becames a business model. It brought back to mind a concept we have discussed before, cultural or aggregate human coordination. But Lofgren made us think about the problem of lack of coordination: How about cultural, or aggregate clumsiness? (Yes, it's called evolution. We'll return to that in a moment.)


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Why Understanding Money Matters in Greece

March 11th, 2015
in Op Ed

by Rob Parenteau, NewEconomicPerspectives.org

As Greece staggers under the weight of a depression exceeding that of the 1930s in the US, it appears difficult to see a way forward from what is becoming increasingly a Ponzi financed, extend and pretend, "bailout" scheme. In fact, there are much more creative and effective ways to solve some of the macrofinancial dilemmas that Greece is facing, and without Greece having to exit the euro. But these solutions challenge many existing economic paradigms, including the concept of "money" itself.

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Market Mechanisms for Regulation: Cap-and-Trade and Obamacare

March 10th, 2015
in Op Ed

by Jeffrey Frankel

Appeared originally at VoxEU, 27 February 2015.

Market-based mechanisms such as cap-and-trade can tackle externality problems more efficiently than command-and-control regulations. However, politicians in the US and Europe have retreated from cap-and-trade in recent years.

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Bankers Have a Moral Compass, It Just May Not Look Like Yours

March 10th, 2015
in Op Ed

by Jorg Wiegratz, The Conversation

We’re getting rather used to revelations about sharp practice in the banking sector. The row about HSBC’s tax services to rich clients has raised, yet again, crucial questions about the business culture which allows such scandals to emerge. One common idea is that those involved have lost their “moral compass” and succumbed to the imperative of pure greed as they employ subterfuge to do things which end up doing harm to the general public.

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Even Wireless Phones May Cause Cancer

March 9th, 2015
in Op Ed

by Stephen Petranek, Daily Reckoning

A study from Sweden published in the journal Pathophysiology last fall has reignited the controversy over cellphone use and brain cancer.

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