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Tag Archives: AI

  • Blog

    Sympathy For The Devil?

    Trouble in paradise for the bankers
    by Adam Taggart

    Friday, May 5, 2017, 7:32 PM

    32

    We're at the point where those at the apex of power are becoming increasingly desperate to maintain their unfair advantage.

    And as the economic pie refuses to grow due to the twin overload of too much debt and declining net energy, these apex predators will turn on each other — first to maintain their spoils, and then simply to survive.

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  • Blog
    Tatiana Shepeleva/Shutterstock

    Automating Ourselves To Unemployment

    How shortsighted policies are creating a long-term crisis
    by Adam Taggart

    Thursday, April 28, 2016, 1:39 AM

    47

    In this current era of central planning, malincentives abound. We raced to frack as fast we could for the quick money, while leaving behind a wake of environmental destruction and creating a supply glut that has killed the economics of shale oil. Our stock exchanges sell unfairly-fast price feeds for great sums to elite Wall Street high-frequency-trading firms, and as a result have destroyed investor trust in our financial markets.  The Federal Reserve keeps interest rates historically low to encourage banks to lend money out, yet instead the banks simply lever up to buy Treasurys thereby pocketing vast amounts of riskless free profit. The list goes on and on.

    One particular malincentive has been catching my attention recently, one that feels especially pernicious because it does not seem easily reversible, if at all. For US employers both large and small, it's becoming increasingly less appealing to employ human labor. 

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