Good money chases bad out of circulation. That's Gresham's Law. But what happens when the good money and the bad money are controlled by different groups? One private and backed by sweat; the other public and backed by blood (or the threat thereof). This is not a stable equilibrium. Taxation (or wealth redistribution) is the … Continue reading BTC in the sheets, MMT in the streets?
Mind your fingers. While Google and Facebook pander to the crowd, serving us ever more polarising content, for ever more clicks, the Overton Window is snapping shut. The already narrow band of socially acceptable ideas is growing narrower, still. It is getting increasingly difficult to find any common ground at all between left and right, … Continue reading The Overton Window is Snapping Shut
I'll be honest. I bought this book because of the title. I was bored, stuck in an airport with a delayed flight, killing time in a bookshop and the title called to me from across the store - after all who doesn't like a good conspiracy? Despite its random impulse purchase status, I loved this book. … Continue reading Conspiracy (with a very interesting cast)
Iceland has outlawed companies paying women less than men in the same roles. This sounds very noble, however there are two major problems with this legislation. Firstly, there are the privacy and ethics issues around companies having to divulge that sort of information to governments which should have nothing to do with private companies' business … Continue reading On Equal Rites*
What's the difference? UBI - Universal Basic Income UGI - Universal Guaranteed Income In short, with UBI, to paraphrase Oprah, "You get an income, she gets an income, he gets an income - EVERYONE gets an income!" https://media.giphy.com/media/11jENMgBweUYzS/giphy.gif Every person in the country gets the same get government sponsored income - regardless of whether they are employed, … Continue reading The difference between UBI and UGI – and why it matters