Posts

Economic regulation and institution design

I've been having some thoughts about how the economy is regulated and the design of the institutions doing it that I've been meaning to put down in a blog post.  So here goes. I haven't read Ben Bernanke's memoirs myself and maybe I should but I've been reading various economic bloggers reactions to them.   Here is an example.  One thing that stands out to many people is that during the financial crisis the Fed was so preoccupied with the banking system that they essentially forgot that they were also the agency in charge of steering the macro economy at large, trading off between inflation and unemployment and so forth. "Nothing is as important as you think it is while you're thinking about it." It's easy to see how this could happen.  In addition to trying to steer the macro-economy the Fed is in charge of bank regulation and that was generating an enormous amount of work in 2007 to 2008.  As the subprime crisis hit bank after bank went to...

(Late) November Links

I should have put this up a few days ago but I was somewhat distracted starting my new job at  RightHand Robotics .  There are some pretty cool videos on our front page.  But on to a curated list of nifty things I found on the internet in the last month! Nature has a good list of some interesting unsolved mysteries in physics and cosmology. There are a lot of nifty things that can only be made in microgravity like foamed metal and antibiotic crystals.  Now we can add metal glasses to this as well. A lot of the time we think of conservatives as being in favor of "original interpretations" of the Constitution and liberals as being more supportive of the "living constitution" approach.  There are good reasons for that but it's worth remembering that many of the things that the Black Lives Matter protesters and others criticize about how our criminal justice system handles police immunity were "judge created law" as conservatives usually put it.  T...

Do we have to worry about contaminating Mars?

Whenever we send a probe to Mars we spend a lot of effort scrubbing it to make sure that there aren't any terrestrial microbes hitching a ride to the red planet.  There's a lot of sense in doing that.  Scientists are curious as to whether Mars has any native life.  If we spread earthly bugs to Mars then it might be hard to tell if whatever we find had its origins on Mars or Earth.  But I wonder if the cat isn't already thoroughly out of the bag. Way back in '84 some scientists found a meteorite that they realized had initially come from Mars.  Some larger rock had hit Mars 17 million years ago and this future meteorite had been blasted out of the crater so hard it actually left Mars altogether.   For a very long time it orbited the sun until eventually, 11,000 years ago, it managed to land on Earth. All well and good but you'd think that any rock being blasted off a planet would be pretty thoroughly sterilized in the process.  Some years after the...

October Links

Here's  some speculation that Tesla's new Model X is mostly about developing an automated electric taxi. James Lind  pioneered medical trials in figuring out that limes can prevent scurvy.  But by 1911 the measures used to fight scurvy had become ineffective without anybody realizing it because they changed how the lime juice was prepared without checking to see if it was still effective.  Nobody knew what vitamins were and nobody was going to give someone scurvy and then see if the new preparation cured it. But in more optimistic news, this month the United Launch Alliance completed 100 satellite launches in a row with no failures.  Considering that this is rocket science and that somewhat more than one out of every 20 satellite launches fails that's really impressive.  So happy 100! In other space news that doesn't actually take place in space The Martian came out and I loved it.  It captured most of what I loved about the book, was really p...

Ethics at a distance

I recently read a blog post   talking about the Copenhagen Interpretation of Ethics: The Copenhagen Interpretation of Ethics says that when you observe or interact with a problem in any way, you can be blamed for it. At the very least, you are to blame for not doing more. Even if you don’t make the problem worse, even if you make it slightly better, the ethical burden of the problem falls on you as soon as you observe it. In particular, if you interact with a problem and benefit from it, you are a complete monster. I don’t subscribe to this school of thought, but it seems pretty popular. Jai then goes on to list a bunch of examples which it would probably be worth your while to read through but that's the important part there.  It's a thing I had noticed before in a few places.  Here's a short passage from Debt: The First 5000 Years: In the early decades of the twentieth century, the French philosopher Lucien Levy-Bruhl, in an attempt to prove that "natives...

September Links

An alternate possibility is to locate a colony on the surface of another planet. Most recently, the case for colonizing the surface of Mars has been argued by Zubrin [1996]. However, at least compared to the benign environment of Earth, the surface of Mars has several disadvantages. It has a low atmospheric pressure, low temperatures, and high exposure to cosmic radiation, and, while it is not a zero-gravity environment, it is not yet known whether the roughly one-third Earth-normal gravity of Mars is sufficient to avoid the bone decalcification and muscle tone loss experienced by astronauts in microgravity. So let's colonize Venus  (pdf) Here's a blog on art at Burning Man .  Here's some more . Sort of makes me want to go. There was a recent quiz  on Vox to help people figure out how much their political beliefs influence their factual beliefs.  I'm reminded of  this . This  huge photo of Pluto is gorgeous.   This  has a lot of good p...

August Links

Criminal justice reform is a big issue for me so I'm glad someone has gone to the trouble of reading all the things the various presidential hopefuls have said about it and giving the digested version here.   And relatedly, a group associated with Black Lives Matter has released some generally good and necessary proposals for police reform.   Here's a take on them I'd endorse.  But here's a post on how a citizen review board is harder than it seems I'd also endorse, for reasons I went into here  and here . If we want to be sending missions to Mars or thinking about colonizing the Moon we really have to learn how humans respond over the long run to gravity that isn't Earth normal or free fall but we haven't been researching this even though we should . Remember that post I did on electric rockets ? Someone on the internet was nice enough to give a lot of details about the various sorts that are being built now. I'm sure we've all noticed ...