The Awesome Science of Chinonomics

There seems to be hysteria these days around AI and algorithm-based consumption. The algorithmic economy  threatens to bring to the realm of the tangible that totem of economic dogma called the "invisible hand." Computers are finally linking --through big data-- individuals' behavior with algorithms that sort them, allowing machines to predict reactions: the "invisible hand" materializes(!). Nothing like predicting human conduct to be able to make money. That damned watch I dared to search for 3 weeks ago in a moment of stupid leisure has haunted me everywhere I go on the internet. Please, stop it Google. I'm not buying it. The idea that we are just soft machines  is a fascinating one. It feeds the collective dread of an algorithmically-dominated Armageddon, making people fret about a time in the not-so-distant future when we will decide nothing for ourselves, and when everything will be dictated by an algorithm --surreptitiously creating the illusion of  ...

Era 1996. Mi universo giraba alrededor de ese experimento social (la Universidad) en donde juegan contigo a que te dan responsabilidades, tú te estresas por cumplirlas, y al cabo de 4 años y medio te hacen creer --quizás sea éste el elemento más valioso del experimento-- que estás preparado para conquistar el mundo. Redacción Avanzada era   una de esas clases aburridas que te imponen para "pulir tu capacidad de escritura." Nada qué ver con tu área de estudio, pero para poder salir con el "sello de calidad" de graduado de esa Universidad había que llevarla --nada como "sellar" a los educandos cual producto ensamblado en línea de producción industrial para emular la moda de cultura organizacional de la época. La de los 90's era el "Control de Calidad." La meta era producir graduados de homogeneidad robótica: Licenciados e Ingenieros  ISO 9000 En medio de esta estructura de rígida monotonía, una tarea trivial. Escrito de 500 palabras donde ...

The dollar. The intangible monetary construct concocted  in its paper form in 1861 to finance the civil war is arguably the United States' most precious asset. Its solidity is underpinned by an enviable  rule of law . It gives good ol' U.S. of A the blessing of perennially low interest rates (which elevates the standard of living of Americans to the tune of $100bn annually ), and the ability to throw in the trash can any resemblance of fiscal restrain. Why be frugal when normal market rules don't apply to you? After all, there is no such thing as a U.S. Treasury bond market " vigilante ." Not in the same way they exist  for any other --more normal-- sovereign bond markets, anyway. We live under a de facto Dollar Standard. Nations hoard greenbacks to bulk up reserves (save some very wacky exceptions ) to have dry powder to prop up (or push down , as recently seen) their currencies when they're under attack, or to buy imported goods. It is a very exorbitant p...

Technology has always been feared and revered at the same time. It has always been this dual destructive/liberating boogieman/hero that divides people. And with good reason. The way it eases human life can be addictive --sometimes pathologically so. But also disruptive (the word has been used --and abused --  ad-nauseam lately). We know what happens when new things disrupt the way we live our lives. Our conservatism bias (that miniature devil who sits on our shoulder and keeps us stuck at the same jobs for years and years) fights the heck out of it . These days there's been a plethora of analyses about the way technology will reshape  jobs around the world. The topic is ripe with speculation. Will it create an army of destitute willing to wage revolutions to fight to get their stolen livelihoods back? Will it save us from the planet's resource depletion ? Will it allow for people to adapt  and learn new skills to complement the technologies that will automatize (i.e. ...

It appears that "hacking" is in the news  lately. Often . And I mean,  big time . The meaning of the word is almost unanimously attached to an act of law-breaking with the clear, malicious intent of stealing someone else's property. But not everyone  grants this buzzword a bad meaning, no. The Zuck is famous for turning its meaning around to make it appear something idealistic --grandiose even. "Hacking," he says, is the trade of heroic, altruistic visionaries who are doggedly determined to make the world a better place --for example, by attempting to  bring internet to the entire Saharan Africa. Forget about the fact that starving people in poor countries and desolate refuge camps can't sustain on a kilobyte diet. Internet, the wacky  technorati  elite trumpets, is to become the end-all-be-all of human prosperity. Hacking, the way I understand it, is gaining access to the inner workings ("the code") of something to be able to manipulate it fo...

If we could plot "global anxiety over the end of times" (the end of human times, that is) on a time series graph, I would say that now we would be at --or close to-- an all-time high. Typhoon Yolanda's epic size and strength is indeed a reminder of how insignificant we are, which definitely does not help to calm that feeling of impending doom. End-of-the-world anxiety takes different forms. Economically speaking, the specter  deflation  is one of them. The New Normal , or the idea that we have reached a point from whence we will never achieve the growth rates of yesteryear is another. This idea, defined as a statistical regime change, can also be described as an inflection point, or the point at which the speed of growth decelerates going forward. In other words, the point at which the second derivative of GDP turns negative. The New Normal : The second derivative (the slope's rate of change) turns negative at L 1 The reason this inflection point occur...

It seems these days that the United States is not living its best days as the world's sole hegemonic superpower. From the way the Syrian crisis has been dealt  with, to the way the drone wars have changed the meaning of military conflict, to the embarrassing release of formerly secret espionage programs  that force the president to apologize to foreign leaders. The reputation of the U.S. seems to be taking beating after beating. Yet, despite all this, the role of the U.S. in the world is idealized by many in the U.S. as the paragon of collective virtue and liberty. American Exceptionalism  still thrives . The society of the rule of law --the Land of The Free. Outside the U.S., humankind yearns for a leader. A nation to look up to for guidance and hope --a preserver or global stability. The decades that followed the fall of the USSR have given way to the concoction of multiple purported superpowers that could, like Ivan Drago  to our beloved Rocky, crush the U.S. ...