Central Banking and the Heavy Hand of the State
The evolution of the banking system, as I previously described it, was “ideal-typical.” The description’s purpose was to get at the essence of how monetary institutions work.
Day: February 27, 2021
Scientists Discover ‘All-Natural’ COVID Treatment That Can Prevent ‘Cytokine Storm’ In Severe Patients
A team of scientists from Israel and Iceland has published a new report showing that an extraction of spirulina algae has the potential to reduce the severity of COVID-19 in…
Hong Kong’s Trading Tax Hike Spurred Markets Into A ‘Healthy Correction,’ Says Goldman Sachs
In its 2021-22 budget, the Hong Kong government announced that stamp duty on stock transfers will increase to 0.13% from 0.1%.
Allbirds Is Investing In A Plant-Based Leather Substitute, Plans Faux-Leather Shoe Drop In December
The sustainability focused shoe maker Allbirds has taken another step to green its supply chain with a small $2 million investment in a new company called Natural Fiber Welding.
W. S. Jevons (1865) on the Limits to Renewables
William Stanley Jevons’ The Coal Question (1865) explained how coal (and by implication, oil and natural gas) were uniquely suited for—and indeed, prerequisites for—the machine age.
China Wants Your Data — And May Already Have It
Visitors walk past the giant word "Data" during the Guiyang International Big Data Expo 2016 in southwestern China. China says it's determined to be a leader in using artificial intelligence…