Monthly Archives: December 2013

Central Banks as Control Systems or Can We Replace Ben Bernanke with a Computer?

Being in a technical field I encounter control systems all the time.  But that is because everyone encounters control systems all the time.  They make elevators stop at the right floor in a comfortable fashion, your car humming along efficiently … Continue reading

Posted in economics | 1 Comment

Paying for the GBI: Optimal Tax Policy

Now it should be noted that whatever your country’s preferred tax scheme is, be it VAT or income or something else, it is without a doubt terrible.  Like so many things governments do, they managed to find the worst possible … Continue reading

Posted in economics | Leave a comment

Guaranteed Basic Income Revisited

Wonkblog is getting on the bandwagon and discussing a guaranteed basic income.  The comments suggest that many detractors and even some of the proponents think that a GBI will accompany a cessation of normal market capitalism.  That is the only … Continue reading

Posted in economics | Leave a comment