This is where I collect things. Maybe you'd also be interested in viewing some of my photos or videos. If you're feeling especially voyeuristic, you might even want to look through my links, listening habits, and social connections.
“A sustained … increase in Treasury rates would eventually cost U.S. taxpayers an additional $75 billion each year.”
— Matthew E. Zames, a managing director at JPMorgan Chase and the chairman of the Treasury Borrowing Advisory Committee.
It’s starting to look like the debt ceiling might actually not get raised. If you really want to understand the potential consequences, learn more here and then do something about it.
BitCoin is an exciting idea — a distributed, self-regulating open-source currency. But what would it take for people to trust it with their life savings?
Here’s how it will work. You vote for this project. Then, when this project is declared the winner, we’ll split up the funds between ourselves. Since not everyone will vote for this project it means that we’ll all make a little profit. Use that money to create something. Anything.
I will get everyone’s contact info and follow up with them on how they used the money and what they created. We’ll become an ad-hoc artist collective, utilizing capitalist democracy to amplify the ROI by distributing the creative load across many people. It’s a venture capitalists take on arts funding!
"No one really knows if there is a bubble until after one pops. Nevertheless, there are many signs of froth. For example, enthusiasm for closely held Facebook shares has run so high that private investors are trading derivatives of it."
Facebook derivatives!? I love/hate this idea in so many ways…
“Krugman explained that he’d become an economist because of science fiction. When he was a boy, he’d read Isaac Asimov’s ‘Foundation’ trilogy and become obsessed with the central character, Hari Seldon. Seldon was a ‘psychohistorian’—a scientist with such a precise understanding of the mechanics of society that he could predict the course of events thousands of years into the future and save mankind from centuries of barbarism. He couldn’t predict individual behavior—that was too hard—but it didn’t matter, because history was determined not by individuals but by laws and hidden forces. ‘If you read other genres of fiction, you can learn about the way people are and the way society is,’ Krugman said to the audience, ‘but you don’t get very much thinking about why are things the way they are, or what might make them different. What would happen if?’”
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