Recent Posts

Charlottesville and the problem of weak fascism

There is no question that President Donald Trump’s shifting reactions to the domestic terrorism in Charlottesville, Virginia, has been odious. While he condemned the murder of Heather Heyer, his equivocations, hedges and moral equivalency in the last three days signal a quiet approval of white supremacists. “What about the alt-left?” This is particularly odious because of America’s shameful history of ...

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Making the Treasuries market safe at speed

One of the greatest responsibilities of US financial regulators is to preserve confidence in the market for our federal debt, the world’s deepest and most liquid financial market. There are $19.8 trillion dollars of federal debt outstanding today, of which the public holds $14.4 trillion. This debt finances the federal government, and it plays an irreplaceable role in financial markets—facilitating ...

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Women got crowded out of computing revolution…

Why aren’t there more female software developers in Silicon Valley? James Damore, the Google engineer fired for criticizing the company’s diversity program, believes that it’s all about “innate dispositional differences” that leave women trailing men. He’s wrong. In fact, at the dawn of the computing revolution women, not men, dominated software programming. The story of how software became reconstructed as ...

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