24 October 08 - 18:32Raver wear going mainstream

Future Fashion

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23 October 08 - 15:11The beginning of the end of Market Fundamentalism

Greenspan admits mistakes in his ideology.

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How many of us have been saying this stuff, and for how long? The idea that "self-interested" institutions and individuals will always make collectively optimal, or even rational choices is absurd and has been disproved over and over again. Now, Greenspan, the self-titled Libertarian, who worshiped an Objectivist, and governed his central bank like a Neoliberal finally sees the dangers of no market oversight or regulation. That's right, it does not work. It's all about finding the right mix of rules and regulations, private and public, shared risk and individual risk - not just saying "all X is bad" or "all X is good". It has to be an ongoing, constantly renegotiated process and balance. This is one of the tenets of heterodox economics - using empirical methods to find out what works - not just deciding the process and saying that whatever will be, will be. That's called "process legitimizes outcome", and is complete and utter trash.

My, how the mighty have fallen.

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13 October 08 - 07:55Repo

Repo: The Genetic Opera is going to be great.

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Finally, a stylish indictment of privatized medical systems and their attendant perils.

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10 October 08 - 05:10An example of regulation

Look at the US governmental system. 3 branches. Why 3? To regulate each other. What happens when one of the branches - Congress in this case - shirks or completely abrogates their responsibility to regulate the others? You get an out of control unitary executive. The same idea applies in markets.

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09 October 08 - 10:32Deflation is here and it is now

Deflation American Style

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07 October 08 - 18:56Simplybox

Simplybox is a nifty little clipmarking site.

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07 October 08 - 18:55Co-working is the new telecommuting

New Work City

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02 October 08 - 03:00Interview Sarah Palin

Do it!

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01 October 08 - 19:07Handheld disease diagnosing device

The designers of this device should create a variant that just screens for STDs and market it as the enabler of the next sexual revolution.

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