Economic Consequences of The Singularity
Ray Kurzweil is an interesting guy. I particulary like the book he wrote on how to live long enough to live forever by being so healthy that you survive until immortality technology is developed. But he is perhaps best known for his predictions about what he calls “The Singularity”. This is a concept that he [...]
Read more from the Economics category. If you would like to leave a comment, click here: 2 Comments. or stay up to date with this post via RSS from your site.
Causes of Inflation
Zimbabwe Inflation Rate What could cause this hyperinflation? Photo courtesy of Gregor Rohrig With the recent government bailouts, there is reason to be concerned about inflation in the near term. Inflation is not usually a big concern because most of the time it is small enough to ignore. Even when inflation does get high, interest [...]
Read more from the Economics category. If you would like to leave a comment, click here: Comment. or stay up to date with this post via RSS from your site.
What is the Stock Market?
Wall Street The aspects that nobody talks about. Photo courtesy of Helico Stocks are an extremely popular form of investment nowadays because they are easy to get into and they provide better average returns than safer investments like savings accounts and CDs. But where did stocks come from in the first place? Imagine you are [...]
Read more from the Economics category. If you would like to leave a comment, click here: 1 Comment. or stay up to date with this post via RSS from your site.
The Consequences of Free Software
Petronas Towers Is free software as good as it sounds? Photo courtesy of prasan.naik I used to be an open source software developer. I thought that free software would be a great benefit to everyone. But after studying economics for a few years, I realized that the long-term effects might be the opposite of what [...]