The Pessimism Bubble
Economist Robert Shiller was recently quoted by Business Insider as saying So there is a bubble element what [sic] we see. But I’m not sure that the current situation is a classic bubble because I’m not certain that most people have extravagant expectations. […] In fact, the current environment may be driven more by fear […]
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Net Neutrality vs Freedom
In my last post, I discussed some problems with the general concept of net neutrality, but in this post I want to discuss net neutrality more concretely and in the sense that most people are talking about online. The general assumption is that every user of the internet, whether they are a content provider or […]
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Net Neutrality is Wrong
EDIT 5-15-14: If you believe that I’m using the wrong definition of “net neutrality”, see this comment. Net neutrality is factually, practically, and ethically wrong. I’ve never disagreed with the ACLU before, but if there is one thing that I’ve learned it’s that every organization has some kind of unfair bias to help unify it. […]
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Why is it so hard to find good investments lately?
Usually if some asset class is overvalued, other asset classes will be undervalued because there is only so much money to go around. For example, in 1999 tech stocks were highly overvalued while bonds and gold were very cheap. But now it seems like all asset classes are expensive. We are in an asset price […]
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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 […]
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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 […]
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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 […]