Monthly Archives: September 2013

4-D Printing: The Solution to a $350 Billion Problem?

"Tibbits is working more than a tad bit with a Boston company called Geosyntec to develop a new paradigm in water infrastructure. Rather than use fixed-capacity water pipes, they’re experimenting with nanoscale adaptive materials built from the environment. 4-D printing with adaptive pipes to correct our water piping reminds me a lot of how human veins expand and contract to accommodate blood flow. The 4-D printing solution is similar. 'Imagine if water pipes could expand or contract to change capacity or change flow rate,' Tibbits said in a recent TED talk. 'Or maybe [they] undulate like peristaltics to move the water themselves,' he said." Continue reading →

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Richard’s $2 Billion Dollar (Severed) Hand

"Richard Van As, a South African carpenter, lost four of his fingers to a circular saw, reports The Associated Press. An artificial limb — one that could detect the muscles’ electrical impulses and move — would have cost him tens of thousands of dollars. Sadly, he was unable to afford that. Soon after, Van As teamed with an Ivan Owen from Seattle. 10,000 miles separated Van As in Johannesburg from Owen. But with the help of two 3-D printers donated by MakerBot, the two created their own “Robohand” prosthetic. They were able to cut the prototyping time from a week to just 20 minutes. And the cost? Just $500… more than a 95% discount." Continue reading →

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The Million Man Market

"Next time someone tries to gather a million people on the National Mall, let’s organize Lemonade Freedom activists, Raw Milk activists, Bitcoin enthusiasts, Silver bugs, Gold bugs and Agorist of all sorts to go to Washington DC and sell stuff to them. I’m talking about the most massive free market flash mob we’ve ever seen. Let’s feed the march. Lets sell them t-shirts, and buttons, and ice cream, and stickers, and whatever else anybody thinks will be a hot selling item. Let’s set up 10,000 new Bitcoin wallets. Let’s set up a whole guerrilla counter-economic conference, and let’s profit doing it. The political organizations will provide the customers. Let the Agorists provide everything else." Continue reading →

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Austrian Theory Explains and Exposes Booms and Bubbles

"The problem of the business cycle arises when the loan rate of interest diverges from the natural rate of interest. While this divergence could happen in a free banking system, the major divergence occurs under central bank regimes when large reductions of the interest rate are executed by injecting money into the banking system over a long period of time. A larger volume of loans is thereby made possible. The lower interest rate increases investment and consumption and reduces savings. These changes in the economy provide the conditions for a boom in the economy. If the new funds are funneled into a specific sector of the economy, a bubble could result." Continue reading →

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More Bad News for Low Wage Workers

"Soon American companies will have to disclose how their chief executive's paycheck compares with that of their average worker under a proposal unveiled by the SEC, reports The Guardian. If I am the CEO of a publicly traded company, I am going to do every thing I can to keep the ratio, between what I earn and my workers, as close as possible. This may mean shutting down operations that include many low wage workers. It may also mean automating jobs now performed by low wage workers. Low wage workers will become pariahs to be avoided at all costs by publicly traded companies. With less demand for low wage workers, their wages will decline." Continue reading →

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Washington Sees Incomes Soar as Most of U.S. Declines

"American incomes have tumbled over the last decade. But for many people in Washington, D.C., it’s been something of a party. The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371. The Washington, D.C. metro area — which includes the surrounding suburbs in Maryland, Virginia and West Virginia — has it even better, with a median household income of $88,233 that ranks highest among the U.S.’s 25 most populous metro areas." Continue reading →

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Dozens Of TSA Employees Fired, Suspended For Illegal Gambling Ring

"Dozens of local Transportation Security Administration workers have been fired or suspended after they were caught in an illegal gambling ring at Pittsburgh International Airport. Sources confirm TSA employees on the job set up an office betting pool of sorts, employees betting year-round on all of the big sporting events, the Super Bowl, NCAA Final Four, the World Series, the Stanley Cup and more. Sources confirm the employees recommended for termination did 'make a little money off of the top.' TSA sources confirm none of the betting affected any of the security at the airport." Continue reading →

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The Path to $10,000 an Ounce Gold, Revisited

"Most traders, obsessed with the tiniest tweaks to the monthly rate of Fed printing, are missing the big picture: Credit growth has outpaced the economy’s productive potential, both here and around the globe. Each successive growth spurt in money and credit has a weaker marginal impact on the real economy; this requires permanently easy monetary policy, and perhaps, eventually, a formal devaluation of paper against gold. In his latest Gloom Boom & Doom Report, Marc Faber argues that the Fed has lost control of the bond market. Treasury note yields have doubled from the summer 2012 lows — a development that surely wasn’t part of the Fed’s stimulus playbook." Continue reading →

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