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Category Archives for "Zeitgeist"

The “Spirit of the Age”, what is happening at a macro level and what sense can we make of this grand arc of history as we, mere pebbles in the surf, are carried along on its great waves

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The Reversion Will be Mean

We hear a lot of talk in financial and economic circles about “reversion to the mean” or some variation: reversion through the mean or that reversion typically overshoots the mean. If you believe in cycles or oscillations, when you see something get wayyyyy out of whack, you may not know how much further out of […]

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Even Unicorns Get the Blues

Heretical Judge Rules that Uber Can’t Externalize its Labour Costs As I briefly covered in my AxisOfEasy tech digest this week, Uber and Lyft were bracing themselves for a ruling by a California judge that threatened to force them into treating their wage slaves drivers as employees. Lyft said if the ruling went against them […]

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Wait, why is The Fed buying my biggest competitors’ bonds?

On Cantillionaires, Sycophants and Losers “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning” — Henry Ford “The ultimate crisis will occur when the situation is so thoroughly perverted that the defenders of […]

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On toxic virtue and the new digital samizdat

  “Few trials have been more ludicrous both as regarded the charges and the kind of evidence admitted. Convictions and impressions were solemnly listened to, real arguments accorded no weight whatsoever. Brissot interrupted a witness by declaring that he had never uttered any such calumnies against Paris as were imputed to him. ‘But did your […]

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How Do You Like Democratic Socialism So Far?

Now that we’ve had a few months to mourn the loss of our basic liberties, even if our overlords make a symbolic head-fake toward giving them back, one must realize the ramifications of what has happened and what it means going forward. The key point to understand is that the precedent has been set. If […]

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Jackpot Chronicles #3: The Great Bifurcation

This is part 4 of the Jackpot Chronicles: Four Post-Coronavirus Scenarios. Read the series here, or sign up for Out Of The Cave here. “In the future there will only be one occupation: managing one’s wealth. And the majority of the population will be unemployed.” – Me. The original working title for this installment of […]

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The Jackpot Chronicles: When Tin Foil Hats Meet Radical Uncertainty

This is part of the ongoing Jackpot Chronicles, looking at four possible Coronavirus scenarios or lenses. The last instalment was “Force Majeure”, which posited a complete breakdown in seemingly permanent institutions. As it may turn out, these outwardly immovable edifices may not survive this economic collapse and be left out of “the new normal” that […]

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The JackPot Chronicles Scenario 1: Force Majeure

This is the second instalment of The Jackpot Chronicles: Four Possible Post-Coronavirus Scenarios. Force Majeure means: a chance occurrence or superior force that renders a contract unenforceable and frees all parties from their obligations under it. We are frequently told that there exists some manner of “Social Contract” to which we are implicitly bound by […]

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Welcome to The Jackpot

William Gibson’s most recent novel Agency, describes a type of “many worlds” tapestry of a multiverse as it exists after a catastrophe called “The Jackpot”. The main character’s POV takes place from within one of these “stubs” as they are called, which for some reason forked off from the “real” Earth timeline sometime after the […]

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