Category Archives: Business

How to Play Savage Inflation

By admin | Published: August 17, 2010
The Inflation Outlook In February, Ben Bernanke said “We’re not going to monetize the debt.” during his testimony to Congress. He recently contradicted his earlier pronouncement by proclaiming that the Fed would directly purchase at least $10 billion in Treasuries per month. I consider this misleading. The Fed backstops all the major banks. If you count the bond [...]
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Why Business People Should Ground Themselves in Economics

By admin | Published: August 2, 2010
Economics is often slurred as a useless discipline fit mostly for pointy-headed academics. In most cases, this is true. Whenever economics has the pretension of scientific precision, it’s doomed to fail. The projections that businesses and economics make are notoriously inaccurate. This is because these projections have at their core the assumption that individuals will act [...]
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Virtual Worlds are Anarchic

By admin | Published: July 30, 2010
Businesses are now fascinated with online games. It only took a couple decades, but as the big money begins to flow to the sector, it’s beginning to spark serious study. Most are impressed with the ability of game designers to induce players to participate so passionately in imaginary worlds. World of Warcraft players devote months of [...]
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