Bitcoin is all the rage, but the computers employed by Bitcoin miners will soon consume more electricity annually than the whole of the Netherlands,
Bitcoin Pollution
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Theme of the Week
GameStop’s Lesson: Stop Mechanising the Investment Game
The GameStop saga is another symptom of serious maladies affecting our economic mind-body.
Schrödinger’s Bitcoin
Notwithstanding the recent spectacular surge in its price, Bitcoin will remain an asset without intrinsic value whose market value can be
A Presidential Prescription for De-Polarization
To unify the country, President Biden must offer a common message of shared struggle and sacrifice. Migration, by choice or coercion, is that
Vaccine Altruism: It Works for All
Prioritizing national vaccination in rich countries while ignoring the rest may not work. The aim should be to vaccinate the global population
A Question of Valuation?
It has been said that stocks are not cheap and popular at the same time. Is it time to re-visit Robert Shiller’s well-known valuation metrics?
Prejudice and the Fourth Industrial Revolution
Fighting prejudice must be a core policy aim for President Biden if he is to begin to heal America. But, doing so means confronting the dramatic
Now is the Time to Cry
It is time for each of us to shake off any moral fatigue that we feel and fight for democracy through civic engagement and discourse.
The Sino-American Race to Zero
If China and the US – the world’s two largest emitters of carbon dioxide emitters – reach net-zero emissions by mid-century, everyone
What Is Driving Asia’s Technological Rise?
Asia’s rapid emergence as a global technological leader over the last decade is a testament to the power of collaboration. And yet, in much
The Health of Nations
It is time to recognize that our material and physical well-being are inseparable and that we need to aspire to a health and wealth of all
How and Why Social Media Should be Regulated
Regulating social media requires nuance and cannot be done in piecemeal fashion, or the unintended consequences will be worse than the problem.
Remembering Jim Wolfensohn
Numerous newspapers have published obituaries of Jim Wolfensohn, largely focusing on his time as President of the World Bank. He was my mentor,
Higher Education in Post-Covid America
Higher education, long in denial about the need to fundamentally change, must now embrace its moment to cross the Rubicon.
How to Deter Corporate Crime Like We Mean It
Over the past few decades, the US justice system has gone from effectively punishing white-collar crimes to slapping corporations on the wrist
Has America Lost Its Soul?
Joe Biden has won the US presidency, but he will have a hard time restoring ethical concerns in a country with so many voters who have become
When Following Rules Leads to Chaos
Any approach, whether derived from economic, statistical or financial models, that considers interaction between conscious humans as mechanical
It’s A Humpy Bumpy World
As 2020 draws to a close, investors are confronted with a binary challenge. How should they proceed?