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Tail Risk: China-US Relations
Albert Wenger – Nov 23, 2018
Wishing everyone a belated Thanksgiving. If you have some time today or over the weekend, I recommend watching this video of VP Mike Pence talking about the administration’s approach to China Then follow it by watching this video by Hank [...] Read more
World After Capital: UBI as a Moral Imperative
Albert Wenger – Nov 19, 2018
NOTE: I have been posting excerpts from my book World After Capital. Today’s section wraps up the section on Universal Basic Income (UBI) by addressing a few common objections and arguing that it is a moral imperative. I have already [...] Read more
World After Capital: UBI and the Labor Market
Albert Wenger – Nov 12, 2018
NOTE: I have been posting excerpts from my book World After Capital. Today’s section looks at the effects a Universal Basic Income (UBI) might have on the labor market. One of the many attractive features of a UBI is that [...] Read more
World After Capital: UBI is Affordable
Albert Wenger – Nov 7, 2018
NOTE: I have been posting excerpts from my book World After Capital. Today’s section provides some back of the envelope calculations to show we can afford UBI to provide economic freedom for all. So with all of this as background, [...] Read more
Uncertainty Wednesday: Thinking about Ruin
Albert Wenger – Nov 1, 2018
This is an Uncertainty Wednesday post on a Thursday. By going over the Wednesdays from the last couple of years you could try to quantify the probability that I will not write an Uncertainty Wednesday post at all, or that [...] Read more
Voting in the Midterms: Rebuking Trump’s Tribalism and Hate
Albert Wenger – Oct 29, 2018
I have not been blogging a lot, other than the occasional updated excerpt from World After Capital and a few posts in my Uncertainty Wednesday series. The reason is that I am struggling with the relevance of much of what [...] Read more
World After Capital: Technological Deflation
Albert Wenger – Oct 22, 2018
NOTE: I have been posting excerpts from my book World After Capital. Today’s section is about technological deflation and how its interaction with UBI enhances economic freedom. If you are currently struggling to pay for your basic needs, the world [...] Read more
Criticism Should be Welcome: Roubini Crypto Edition
Albert Wenger – Oct 12, 2018
Nouriel Roubini has done the crypto ecosystem a great service by pulling together pretty much all issues and criticisms in a single document. While he is prone to hyperbole (not unlike some people in crypto) and plays fast and loose [...] Read more
Uncertainty Wednesday: The Trouble with Slow Risk (Climate Change)
Albert Wenger – Oct 10, 2018
People worry about many risks, but generally about the wrong ones. We tend to be obsessed with personal and societal risk that is “fast.” What will the Fed Reserve announce next? Should I trust Tesla’s auto steering? These are risks [...] Read more