Wednesday , October 28 2020
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FT Alphaville

Global gosbankification risk is now at orange

“If it’s free, you’re the product” has become the adage of our digital times. There is, as we are learning, always some iota of risk in giving something of yourself away for free.In the best-case scenario, your data will be harvested in line with your personal sharing preferences and used to advertise products and content to you that you actually want and benefit from. That’s positive sum progress.In the worst-case scenario your personal data will be harvested without...

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Does working from home make us more or less creative? 

The Bank of England’s chief economist Andy Haldane has looked into the economic impact of the great homeworking experiment provoked by the pandemic. The first part of the speech deals with the impact on productivity. Before Covid-19, homeworking was associated with greater output and is now associated with less. One constant is that it has made us happier — primarily, Haldane thinks, because we no longer have to commute. Whether this slump in productivity and rise in...

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Further reading

Elsewhere on Tuesday . . . -- Brazil’s botox boom-- America’s patio heater boom-- San Francisco’s office space bust-- A different view on the UK’s testing regime-- Fake reviews-- How the experts messed up on Covid-- Sweden’s approach, again-- Happy anniversary i!-- Starve a kid to save a quid-- Tesla’s singular approach to R&D

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The ECB needs to do more to “green” its monetary policy

Jens van ‘t Klooster is a postdoctoral fellow at KU Leuven, a research university, and a member of a research group on a new normative framework for financial debt at the University of Amsterdam. Here he argues that the eurozone’s monetary policymakers should use a key part of their crisis-fighting armoury to help combat climate change. Ursula von der Leyen’s European Commission is thundering forward with its efforts to “green” the continent’s economy. The plan is to cut...

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PayPal is shilling crypto on the internet

The battle against fiat is truly in full swing. Hot on the heels of Nigel Farage’s declaration of war against the financial system and inducement to freedom-lovers everywhere to stock up on gold and silver, we now have another call to arms. But this time, it’s different. This time, it’s crypto. So who’s waging this war that decentralised bros around the world are so excited about? Some kind of super-decentralised entity that is super not into fiat, we imagine? Um, sure:...

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The great MMT debate, again

MMT is a theory that people love to love, and love to hate.The idea, which stands for Modern Monetary Theory, is frequently cited by academics and politicians on the left as evidence that the state has further capacity to spend without serious consequences to the economy (yet!). On the right, meanwhile, it’s lampooned as a muddle-headed idea that at best, will deter private sector investment and, at worst, takes us back to the cash-carted-in-wheelbarrows era of the Weimar...

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The pandemic model that’s spooking the UK government

This has been doing the rounds for a while, but it’s worth reposting because as we move ever closer to the prospect of another countrywide lockdown the absurdity of our national (if not global) response to Covid-19 is becoming more self-evident. And by absurd we mean plainly contradictory in terms of messaging, logic and policy evolution.So here for your viewing pleasure is Caprice Bourret, the model once voted the world’s sexiest woman, going head-to-head with “experts” on...

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Further reading

Elsewhere on Thursday,-- Inside Britain’s most secret intelligence agency.-- When Borat met the former New York Mayor. -- Covid 19’s known unknowns.-- The government’s secret Covid contracts.-- Your browser data can’t be deleted.-- New developments in Area 51.-- George Dyson’s analogue revolution. -- The astonishing story behind Diana’s interview with Martin Bashir.-- The day Ghislaine Maxwell’s secrets are revealed?

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