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China Money
The flow of money in the U.S. for the last several years has been as follows. Somebody in the U.S. buys something made in China. The dollars are aggregated and sent back to the Chinese manufacturer. The manufacturer converts them to Chinese renminbi at a Chinese bank at the government mandated exchange rate. The Chinese…
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The Simulated Universe
It’s possible that what we think of as reality is a simulation being run on some powerful computer. Perhaps the entire universe as we think it exists is a simulation. Or perhaps the simulation is much simpler, and merely covers the solar system and space around it in detail, with everything else being only sketched…
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Interest Rates
The Fed made a big cut in interest rates today. These days everybody looks to the Fed to fix all economic problems, but the funny thing is that they don’t really have very much control. Since the dot com collapse, the U.S. economy has been driven largely by the housing market. Homeowners were able to…
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E-mail Encryption
Most e-mail is sent across the net unencrypted. People who run local e-mail clients generally use unencrypted SMTP to send their e-mail and use unencrypted POP to retrieve their e-mail. People who use web-based e-mail have an encrypted session to their provider, but the e-mail is sent from their provider to the provider of their…
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Facebook Conspiracy
Here is a Facebook conspiracy theory. I thought it was amusing, even though it makes little sense. The author has forgotten that the first rule of capitalism is to make money. There is no need to appeal to exotic plans for how society should be organized when there is money at stake.