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Uncertainty Wednesday: Investing, Perception Risk and Crypto
Albert Wenger – Dec 5, 2018
In investing there is uncertainty about returns. Some investments do well, others do poorly. But that is not the only risk that investors are concerned about when they are investing professionally on behalf of others. There is also the issue [...] Read more
World After Capital: Access to the Internet (Informational Freedom)
Albert Wenger – Dec 3, 2018
NOTE: I have been posting excerpts from my book World After Capital. The previous section introduced the concept of Informational Freedom. Today looks specifically at internet access. On occasion, the Internet has come in for derision from those who claim [...] Read more
Speech on Twitter: Platform not Publisher
Albert Wenger – Dec 1, 2018
We have entered a new phase of the discussion on what to do about speech on platforms such as Twitter. On the plus side many more people are engaged. On the minus side the calls to treat Twitter as a [...] Read more
On-Chain versus Off-Chain Computation, Turing Completeness and Zero Knowledge Proofs
Albert Wenger – Nov 28, 2018
I have been skeptical about Turing complete on chain computation for a long time. Many early proponents took the position that there is no issue because a mechanism such as Ethereum’s gas limits how long a computation can run. They [...] Read more
World After Capital: Informational Freedom
Albert Wenger – Nov 26, 2018
NOTE: I have been posting excerpts from my book World After Capital. The last few excerpts have been about Universal Basic Income as a way of expanding Economic Freedom. Today’s section introduces the concept of Informational Freedom. Can you read [...] Read more
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