Expertise about technology, markets, economics and politics

Playing Catch-Up with Stalin, Mao, and Chairman Xi

It has been a long time coming, but we’re finally there. Ninety-eight years after Stalin’s first Five-Year Plan and a mere 71 years after Mao’s first Five-Year Plan, the United States of America finally has its own Five-Year Plan. According to the White House’s just issued National Strategy on Microelectronic Research, “over the next five […]

Live by the Fed, Die by the Fed

Attracting much merited attention is a recent paper from former U.S. Treasury Secretary and President of Harvard Larry Summers and several colleagues arguing consumers are right to be unhappy with the economy, even though unemployment is low and official inflation is back down to circa 3%. Nope, say Summers and colleagues, consumers are right because […]

Private Vices in Public Places

“For all that is secret will be revealed, and everything that is hidden will be brought to light.” — Luke 8:17 The fight over whether big internet platforms such as Facebook (NASDAQ: META) and X may censor content posted by users is alleged to be an argument over First Amendment freedom of speech and the […]

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