The Rise and Fall of Paper Money in Yuan China, 1260–1368
This column studies the rise and fall of paper money in 13-14th century China over three stages: full silver convertibility, nominal silver convertibility, and fiat standard.
Read more...Category Archives: Politics
Financial Times Tells CalPERS Not to Go Further Into the Private Equity Haunted House
The Financial Times debunks private equity flim-flammery even as CalPERS and others sign up for more.
Read more...Texas Law Forces Pension Funds and Municipalities to Drop Use of Financial Firms that Support Net Zero
Texas is counter-sanctioning Big Finance firms over Net Zero initiatives designed to choke money flows to fossil fuel businesses.
Read more...“The Censorship Trap”
Rajiv Sethi joins the pushback against censorship, using Google’s bogus attack on one of his posts on this site as a point of departure.
Read more...Google Censorship: AI Run Amok Threatens Demonetization Over a Navigation Page with No Ads, An Article on a Foreign Policy Best-Seller Deemed Anti-Vaxx, and More Flagrant Errors
Google tries to censor this site based on a systematically flawed AI review. How many others will be victims of bad algos?
Read more...Why Artificial Intelligence Must Be Stopped Now
The promise of artificial intelligence is eclipsed by its perils, which include our own annihilation.
Read more...What’s the Solution to Humanity’s Growing Ills?
Are space aliens the only creatures that might have a solution for the mess we are in? Any other deux ex machina candidates?
Read more...Industrial Policy, East or West, for Development or War?
The West has gone from disdaining industrial policy to becoming a true believer.
Read more...When It Comes to Fighting Russian Diamonds, the Jewish Diamond Trade and De Beers Are a Busted Flush
Efforts to crush the Russian diamond trade come when the industry is under duress. Why might the comparatively small Russian exports survive?
Read more...Introduction to Swing States in the Presidential Election of 2024 (General Survey)
It’s swing voters from the swingiest states, like Arizona, Georgia, and Wisconsin, who will really matter.
Read more...Experts: Negotiating Big Pharma’s Prices Won’t Stifle Innovation—They Don’t Use the Money to Innovate!
Physician-scientist Fred Ledley and economist William Lazonick debunk Big Pharma arguments against Medicare drug price negotiation
Read more...Minneapolis Council Overrides Mayor’s Veto of Uber and Lyft Minimum Rates
“Essential” workers are cross-sectoral organizing across Minnesota and scoring victories.
Read more...“We Need a Plan for the Transition to Renewable Energy”
Radical societal transformation is inevitable; a plan for renewable energy could make a difference between catastrophe and progress.
Read more...Collapse on the EU Home Front
Germany continues to self-destruct, more austerity planned for EU, Ursula von der Leyen’s “tools” are sharpened to deal with prole backlash.
Read more...New Evidence the German Taurus Attack Plan Was Leaked by the US Air Force
Yves here. It’s quite a big claim that members of the US military would leak a recording of German generals scheming to strike Russia with Taurus missiles to Russia. But then again, given that the US blew up the NordStream pipeline, it’s not as if the US regards Germany as anything other that a state […]
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