david touve

Chasing inflation backwards

Posted by in economy

So the latest CPI numbers came out today, followed closely by chicken little and all her friends running around screaming “inflation!!” Looks like energy costs may be, in fact, starting to creep into our price experience. What doesn’t make sense to me, a degreed armchair economist, is just why exactly a federal reserve would chase energy-derived inflation with higher interest rates. I am reminded of my youth, where high gas prices conspired with rising interest rates to create one of the most ridiculous times in US economic history. If inflation…read more

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Posted by in economy

While everyone has been going bananas over Web 2.0 (is it a bubble? is it a technology? is it a mindset?), a rather important suite of alterations to national and international intellectual property law have emerged. In this new conception of intellectual property, IP 2.0, ideas in physical form take on a nature far more powerful than regular run of the mill property. A copy is no longer a copy. This is perhaps the most significant settlement taking place, in my opinion. This premise that intellectual property, when fixed to…read more

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Its life, liberty and the pursuit of happiness… in that order

Posted by in life

Google finally launched a search terms interface whereby you can home in on the popularity of the various subjects for which we search, with access to this search data over time. I figured it would be interesting to look into those ideals, imaginations and even simple interests to see which we hold the most dear. Life, Liberty or the pursuit of Happiness: Life = blue. Liberty = red. Happiness = yellow Looks like life comes out on top, by a seemingly wide margin. Of course, Google does not put a…read more

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Is the internet really anti-social?

Posted by in media

I am always a bit stunned when I hear people enter into a tirade on the subject of how anti-social the internet is. I have to wonder if these people have every really gone anywhere online, or if they simply confuse the WWW for the internet. More likely, they consider telephone conversations as social, but not instant messaging. Or they only consider in-person interaction as social, while any mediated conversation as somehow anti-social. I guess, just “why” this difference of opinion might be a reasonable topic for research. The “internet”…read more

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Virtual worlds, real money, pegged currencies

Posted by in economy

The BBConline highlights an excellent example of the evolving, seamless transition between “virtual” and “real” economies. Cash station cards that allow players to convert games doallars to real dollars. There is a part of me that believes that virtual worlds really are a consequent and cause of a widespread acceptance of modern-postmodern questions concerning the subjectivity of the real. If our own economy were not a construction, than these currency transactions between virtual and real spaces would not be acceptable. You also have a “pegged” currency rate, akin to the…read more

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