Piet, a reader who comments from time to time on this blog, hasn’t enjoyed what I’ve said about the economy recently. I’ve tried really hard, entirely ineffectively it seems, to answer his points and tease out exactly where his real problems lie. This post by Paul Krugman talks exactly to “Piet’s views” – the deep-seated…
For every complex problem, there is a solution that is clear, simple and wrong. Greece is a complex problem. Paul Krugman points to this Choose Your Own Adventure on the Greek crisis. Much like the original books, there are many, many nasty ends. Read it, try it, explore a few paths. This is the best…
The second largest Bitcoin exchange is shutting down (possibly to reopen elsewhere). Bitcoin experienced a rough night on Monday as TradeHill, the second-largest Bitcoin exchange, announced that it was closing its doors. In a statement, CEO Jered Kenna cited regulatory problems and the loss of $100,000 in a dispute with one of its payment processors…
Any model is a simplification of reality. If it isn’t, then it isn’t a model as rather is the reality. A MODEL ISN’T REALITY Any simplified model I can imagine will also therefore not match reality exactly. The closer the model gets to the real world in more scenarios, the better it is. Not all…
So European politicians have more or less agreed a deal which may, more or less, push some of their problems to one side for a period. Yes, I’m not madly optimistic about this as a cure-all. Â This is not the end of the Euro problems. Part of the deal is a “50% loss for private…
I don’t usually write about The Final Frontier, but this article has a great parallel to what I do write about. It’s worth reading the entire article, but the main message is that we cannot use the dream or story or fairy tale of imminent migration into space and other planets as an excuse not…
