It took years of public doubt to finally make Theranos disappear. I suspect a stubborn and trusting public are doing the same thing here. Sheesh. Down about 80% with 20% to go. Why not take Magic Leap public as well? Anyway, Nikola is getting smacked once again……..
This just hit the wires – – someone managed to sneak a video from inside Theranos of someone playing the “Kill John Carreyrou” game the employees had made, Space Invaders-style. A reminder that Mr. Carreyrou was the multiple Pulitzer Prize-winning journalist who uncovered the huge scam run by Elizabeth “Crazy Eyes” Holmes and Sunny “Headin’ to Court” Balwani.
When I was a young lad in the southern wilds of Louisiana, I would love to grab a random volume of our World Book, flop on the sofa, and just thumb through it. I was a curious kid, and one of the entries I enjoyed was in the “C” volume – – Computers – – which at the time discussed these electronic machines that only governments and large businesses could afford.
One of the illustrations I vividly remember showed a very tall skyscraper next to a person, and the caption explained that a computer that equaled the thinking power of a human being would be 28 stories tall. God only knows who dreamed up that “fact”, but as a kid I felt pretty proud to be walking around with a squishy organ in my head that was just as powerful as a skyscraper-sized computer.
(more…)Preface to all posts: in an effort to get me out of a lifelong rut of avoiding humans and events at all costs, some friends are having me spend the weekend at a musical event. I’m driving very extensively and will be largely offline, so I’m putting up some Very Best of Slope posts in my absence. See you Monday morning!
In the book Modern Money Theory by L. Randall Wray, the author declares of MMT (that is, Modern Monetary Theory) that it will go through three phases of public opinion.
First, it will be ridiculed. Second, it will be violently opposed. Third, and finally, it will be accepted as self-evident. I’m not sure if it will play out that way, but I’m here for offer an essay which is probably straddling the first and second phases.
(more…)Preface to all 21 parts: This is a special holiday weekend, because not only does it contain Good Friday and Easter, but it also begins the Slope of Hope's 20th year in continuous operation! Through the weekend, I will be sharing some of my favorite posts from the past, plucked from among the literally 30,000 posts I've created over the years. Here is one of them:
In the book Modern Money Theory by L. Randall Wray, the author declares of MMT (that is, Modern Monetary Theory) that it will go through three phases of public opinion.
First, it will be ridiculed. Second, it will be violently opposed. Third, and finally, it will be accepted as self-evident. I’m not sure if it will play out that way, but I’m here for offer an essay which is probably straddling the first and second phases.
(more…)