Deficit spending as something else
David Friedman on the power of names: Everyone—including Obama, back when he was running for President—is against deficit spending. Relabel it “stimulus” and everyone is for it. The label neatly evades the question of whether having the government borrow money and spend it is actually a way of getting out of a recession—a claim for [...]
Singularity economics and the future of money
On his website, Robin Hanson discusses an unfilled niche in economics which he calls the “economics of science fiction” or “economics of future technology.” Another modern phrase would be “Singularity economics.” Hanson describes the economics of science fiction as the: “economic analysis of the sorts of assumptions typically explored in science fiction. It is distinguished [...]