Wednesday, July 9, 2025

Ayn Rand vs. Elinor Ostrom: The Fight for the Future of Social Media

Contrasting ideologies at play about the structure and role of social media mirror the conflicting ideologies in economics.

2:00PM Water Cooler 3/9/2023

~ Today’s Water Cooler ~

A Feminist Demand on International Women’s Day: Fire Victoria Nuland

If feminists support this Bush-era neocon simply because she is a woman, Victoria Nuland might just burn down the world in a nuclear fire.

Links 3/9/2023

The Financial Times’ Martin Wolf Worries About Europe’s Future but Oddly Not the US’

Martin Wolf’s musings about what lies in store for Europe has a huge blind spot as far as the US is concerned.

How Does JK Galbraith’s The New Industrial State Hold Up After 6 Decades?

How John Galbraith correctly called many developments that have had great political and economic significance, like the decline of unions

Crypto Bank Silvergate to Shut Down and Liquidate, After FDIC Examiners Show Up. Shares Collapse Entirely

Silvergate: In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.

2:00PM Water Cooler 3/8/2023

~ Today’s Water Cooler ~

Workers’ Responses to the Threat of Automation

How effectively do workers perserve their position relative to automation?

Links 3/8/2023

“How Stupid Do They Think We Are?” Nord Stream Pipelines Bombing Edition

Shameless Nord Stream spin.

The West Goes After LNG in Mozambique Despite Regional Violence That Has Displaced Close to a Million People

The EU and US are trying to replace Russian gas and push China out of the resource-rich African nation. 

Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt

The Biden Administration has yet to take comparatively easy steps to reduce medical debt abuses.

2:00PM Water Cooler 3/7/2023: Eric Adams Edition

~ Today’s Water Cooler: How to respond to Eric Adam’s ludicrous idea that New Yorkers should unmask when entering stores. ~

Equality and Equity

How a word like “equality” has become a bit of a minefield.