Search Results for: palo alto

Not-So-Reddy Kilowatt

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Here in the Silicon Valley, the technological center of the universe, all the chatter over the past few days is how we’re going to lose…………..electricity.

Well, not specifically in Palo Alto. But in various parts of the state, since – – it’s windy (I am not making this up). See, a couple of years ago, PG&E inadvertently set some towns on fire, since their ancient infrastructure got blown down and lit forests on fire, which sent this huge utility into bankruptcy. So they’re being a bit gun-shy now.

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Modern Monetary Theory

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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.

Interestingly, this prediction was word for word what a certain Elizabeth Holmes declared in this video when she was making her final, desperate bid to save Theranos from its inevitable failure.

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