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The U.S. Has No (And Never Could Have A) Debt Crisis

There is total confusion on both sides of the aisle (or perhaps willful obscuration) about the reality of public credit and public debt, and the absence of a need to borrow any money for a supposed budget shortfall, as evidenced by an article published earlier this year in the New York Times (Baker and Tankersley 2023). The compromise to extend the Congressional bipartisan budget and debt talks until 2025 has not changed anything.

Tech Driven Monopolies and the Threat of Innovation

If you were born in the 1990s you might never have questioned the pervasiveness of companies like Google in the Internet domain. For you, such companies, products, services, and technologies have been ever present and seemingly unassailable.

Yet in the past few months we have seen the emergence of a set of technologies, especially ChatGPT, which have opened the real possibility of a technical and business threat to Google’s near monopoly on Internet search.

South Africa: Land of Hope and Many Sins

The Republic of South Africa (RSA) is a study in contrasts. It’s a history of colonialism, post-colonialism, then national liberation for all…a fast-paced evolution from around 1910 (when the Brits pulled out) until today. The rapid changes in politics and the very structure of society are watched with trepidation by South Africa’s neighbors and its citizens.

Global Dispatches: Land Value Capture Updates

Reality Economics Blog

Tech & Society Blog

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