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The Arrow of Time

The Arrow of Time Photo by Brandon Molitwenik on Unsplash The circular economy and an endless recycling of materials is an absurd proposal, and not only from a technical perspective; the very idea of a “sustainable” high tech society is in a direct conflict with the laws of physics.  After reviewing the technical reasons behind energy & resource cannibalism, as well as […]

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The Pandemic Speaks

The Pandemic Speaks Are you finally ready to listen to me now? If so, here are my 10 timeless truths. The angel of death striking a door during the plague of ancient Rome. Engraving by J.G. Levasseur after J. Delaunay. Image via Wellcome Collection, Creative Commons. Audi, vide, tace. I have been trying to engage you […]

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Cogs in the climate machine

Cogs in the climate machine A short course in planetary time, for planetary survival This is less of a blog post, and more of a howl. The planetary climate clock, in human time Let’s start by some human and planetary timescales. I don’t know why we don’t learn them in grade school (I never learned […]

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Being and Time (And Central Banks)

BEING AND TIME (AND CENTRAL BANKS) People value present goods more highly than future goods. For instance, an apple available today is considered more valuable than the same apple available in, say, one month. This is expressive of time preference — which is an undeniable fact, a category of human action. The sentence “Humans act” is a […]

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Time is Money, Money is Time

TIME IS MONEY, MONEY IS TIME Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more.    -Macbeth Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy quoted from above, may count for very little in the […]

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Images of Children Crying

Images of Children Crying René Magritte Le Mal du Pays (Homesickness) 1940 The two most viral photographs of the ‘Trump Separation Scandal’ have now been debunked, or at the very least been proven to have been used ‘out of context’. This is a dangerous development, as are the reasons to use them the way they […]

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Saudi Officials Worried About Oil’s Future

Saudi Officials Worried About Oil’s Future Saudi government officials like talking to the media about oil. They invariably come across as upbeat, confident that the OPEC deal will achieve its goal of shrinking the global oversupply, and equally confident that U.S. shale will not seriously eat away at their oil revenues, however fast it grows. […]

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TIME is more than Money – It is EVERYTHING

TIME is more than Money – It is EVERYTHING TIME is more than just money; it’s absolutely everything and then some! Personal opinion just utterly fails because we are all human. Markets routinely do what the majority never expects. That is their function. They mutate like a virus always changing its genetic code to defeat […]

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We Live in Revolutionary Times

We Live in Revolutionary Times Pluto takes 248 years to orbit the sun. The most recent, and perhaps most important, network challenge to hierarchy comes with the advent of virtual currencies and payment systems like Bitcoin. Since ancient times, states have reaped considerable benefits from monopolizing or at least regulating the money created within their […]

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The Path to the Final Crisis

The Path to the Final Crisis  Reader Questions on Negative Interest Rates Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided to reply to them in this post. The NIRP club […]

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The Patience of the Sea

The Patience of the Sea I’ve commented here more than once that these essays draw their inspiration from quite a variety of sources. This week’s post is no exception to that rule. What kickstarted the train of thought that brought it into being was a walk along the seashore last weekend at Ocean City, Maryland, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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