Category Archives: Economics

Brain Benelles’ Future

femalerobotFor humanity, a Chinese factory run by robots may be the biggest news story of 2015 (emphasis mine):

Previously, there were 650 employees at the factory. With the new robots, there’s now only 60

The robots have produced almost three times as many pieces as were produced before. According to the People’s Daily, production per person has increased from 8,000 pieces to 21,000 pieces. That’s a 162.5% increase.

The increased production rate hasn’t come at the cost of quality either. In fact, quality has improved. Before the robots, the product defect rate was 25%, now it is below 5%

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A.I. First Steps

Computer BrainBrain benelles are at a crossroads. As Moore’s Law holds, and computing power doubles every two years, an alien species called artificial intelligence is being born. As a consequence, technology integration may become a desirable necessity for people.

But how?

Well, brain benelles seem to break into two parts: core and edge. Core is root structure; edge builds on core. Each part of the brain seems only to need a core number of benelles to function, with extra layers of edge benelles being a big bonus.

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Vaccine Risk Legal Disclosure

vaccination disclosureThis risk disclosure agreement is for parents who are vaccinating a child.

Vaccination is important for your child’s health and involves certain risks to his/her long-term health. You are choosing to vaccinate your child. Your signature is required that you accept these risks, and you agree not to bring lawsuit against your doctor, health insurance provider, or state government in the event your child comes down with a serious illness later in life.

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Fast Past Middle Class

fastpastIn America, during the golden years of 1947 to 1974, there was intense demand for human labor—practically a decent paying job for anyone who wanted to work. The universe wanted the American middle class to win.

Since 1974, in America, only corporations and the cognitive elite have done well. Yes, there was a mirage of middle class well-being during the Internet bubble, but it left behind dry sand.

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We Manufacture Disaster

Economics and health are connected in many ways. John Mauldin in his May 16, 2015 letter paraphrases economist Bill White:

Central bank models, he told us, are artificial machines. His best quote was, “The basic problem with central banks: they think they know how the economy works.” Their models are built to be gamed and always assume a return to equilibrium. But there is no equilibrium – you are where you are. The problem with equilibrium models is that they don’t reflect reality.

An economy is like a forest ecosystem, not a machine. We are on a very bad path – debt is unsustainable. Notice the environment since the 2008 crisis: the Eurozone crisis is a limited variant on a global crisis; fiscal and regulatory restraint is not helpful; and monetary policy is the only game in town and is not effective.

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Rich Less Rich Than They Think

trumpToday’s rich aren’t as rich as they think. For the poor, debt levels have increased to an unpayable point, making the rich’s gains imaginary.

Remember the toxic mortgage-backed securities behind the 2008 financial crisis? So many thought they were getting wealthy, until everyone realized subprime folks were never going to pay their subprime debts. As the masses lost their investments, TARP swooped in and made the cognitive elite whole anyway.

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Let Natural Exist

letnaturalI love natural foods and products, and a lot of their benefit is simply avoiding damage from the unnatural.

The benefits of absence are real, but presence is more tangible: tea prevents heart disease (de Koning Gans et al 2010), grapefruit prevents stroke (Cassidy et al 2012), cocoa lowers blood pressure (Shrime et al 2011). Yet some of these health benefits come from the absence of ultra-processed food chemicals. You only eat so much in a day; tea, grapefruit, and chocolate crowd out artificial sweeteners, artificial colors, etc.

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Saltz Says it Right

megaphone-benelles“We’re paying top dollar for drugs that do very little.”

So said said Leonard Saltz, MD, chief of gastrointestinal oncology at Memorial Sloan Kettering Cancer Center in New York.

A piece in MedPage Today (Fauber et al 2014) reveals how the scam works. A big pharma company like Pfizer pays for a study on a drug, like lung cancer drug crizotinib.

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