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So why does the government maintain such a transparently inaccurate and misleading metric? For three reasons.

That the official rate of inflation doesn't reflect reality is obvious to anyone paying college tuition and healthcare out of pocket.  The debate over the accuracy of the official consumer price index (CPI) and personal consumption...
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white Tesla on the road

China-bound: A Tesla Model S sedan.

Sales of electric vehicles in China, the world’s largest auto market, have been minuscule[1] despite government incentives meant to put five million of the cars on the nation’s roads by 2020. Tesla Motors hopes to begin changing that as it makes its first

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Thursday, 17 April 2014 |

Christ is Risen!

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Christ is Risen!...
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By Grass Hopper....
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Question: In the Gospel, who is the man in the city bearing a pitcher of water? Why water, and why are the disciples told that they’ll meet him and are to follow him? Who’s the master of the house? Why don’t the Gospel writers mention his name? What is the large upper room where a table’s been laid and in which the dread mystery of the Last Supper...

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In many of my conversations with legendary speculator Doug Casey since the crash of 2008, Doug has talked about a coming super-bubble.

Everything Doug has studied about human nature, history, and economics—from Roman times right up to the present—has him absolutely convinced that the global economy is headed for high inflation, with a...

Wednesday, 16 April 2014 |

Turn That Frown Upside Down

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Turn That Frown Upside Down

(Updated – slides added)

Stephanie Kelton’s keynote address to the students, faculty, and visitors at Augustana College’s (Sioux Falls, SD) Undergraduate Research Symposium on Saturday, April 12, 2014 at 10am. Stephanie begins at 2:40. The topic of the keynote is Debt and Deficits in the Modern Economy....

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Reusable rockets: Up and down and up again
EVERYTHING about space flight is superlative. Even relatively modest rockets are hundreds of feet high. The biggest (the Saturn V, which launched astronauts to the Moon) remains the most powerful vehicle ever built. But space flight is superlatively expensive, too. One reason is that, for all their technological sophistication, rockets are...
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THE Intergovernmental Panel on Climate Change (IPCC), a gathering of scientists who advise governments, describes itself as “policy-relevant and yet policy-neutral”. Its latest report, the third in six months, ignores that fine distinction. Pressure from governments forced it to strip out of its deliberations a table showing the link between gre...

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An evolutionary game: Eggs-actly | The Economist
This picture is part of a scientific Easter-egg hunt. “Egglab” tries to recapitulate the evolution of crypsis in nightjar eggs by asking the public to act as predators and play “spot the egg” in photos of places where these ground-nesting birds might lay their clutches. A computer generates the initial eggs (oval shapes whose colours and patterns a...

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