"It is easy to confuse what is with what ought to be, especially when what is has worked out in your favor."
- Tyrion Lannister

"Lannister. Baratheon. Stark. Tyrell. They're all just spokes on a wheel. This one's on top, then that's ones on top and on and on it spins, crushing those on the ground. I'm not going to stop the wheel. I'm going to break the wheel."

- Daenerys Targaryen

"The Lord of Light wants his enemies burned. The Drowned God wants them drowned. Why are all the gods such vicious cunts? Where's the God of Tits and Wine?"

- Tyrion Lannister

"The common people pray for rain, healthy children, and a summer that never ends. It is no matter to them if the high lords play their game of thrones, so long as they are left in peace. They never are."

- Jorah Mormont

"These bad people are what I'm good at. Out talking them. Out thinking them."

- Tyrion Lannister

"What happened? I think fundamentals were trumped by mechanics and, to a lesser extent, by demographics."

- Michael Barone

"If you want to know what God thinks of money, just look at the people he gave it to."
- Dorothy Parker

Saturday, October 17, 2015

Continuum and possible futures

Continuum Actually Managed to Have a Pretty Sweet Ending by Charlie Jane Anders

The Dreamwork of Humanity by DeLong

In popular entertainment ... the Syfy TV series Continuum just ended on an upbeat note. 2077 will look more like Star Trek's one-world government, replicator communism and the Corporate Congress will never have existed thanks to the time-travelling fascist "Protector" Keira Cameron. In the Wachowski siblings' movie Jupiter Ascending, on the other hand, Capital has expanded across the universe, working through family "houses" of "entitled." Galaxies of planets haves succumbed to Piketty's death spiral as the .000000000001 percent utilize sentient beings as resources for profit as if they were Soylent Green or batteries for the Matrix's AIs. He who controls the populated planets, controls the universe.

As a revolt erupts among the central planners at the FOMC, more and more one hears about the possibility of "cold fusion" (see Willem Buiter and Citigroup's Steven Englander) or a "Peoples' QE" (Jeremy Corbyn). Simon Wren-Lewis described it as "democratic helicopter money." "Investment that also boosts the supply side is likely to be a far more effective form of stimulus than cheques posted to individuals."

Cold fusion raises the possibility of unprecedented leaps in "productivity" which would provide immense help in the campaigns to avoid global warming and the Piketty death spiral.

And yet it draw opposition from the likes of Nick Rowe and David Beckworth. Why?

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