Quotes & Links #80

1) breakingsmart.com: A New Soft Technology

Software eating the world is a story of the seen and the unseen: small, measurable effects that seem underwhelming or even negative, and large invisible and positive effects that are easy to miss, unless you know where to look.

This has happened before of course: money and written language both transformed the world in similarly profound ways. Software, however, is more flexible and powerful than either.

Am looking forward to more.
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Twitter Favorites: February 2015

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Quotes & Links #41

1) washingtonpost.com/monkeycage: Why the United States incarcerates so many people (in one graph)

As the graph indicates, there is a strong correlation: the more the public wants to get tough on crime, the more the incarceration rate increases.

Kind of interesting because it infers a strong responsiveness of government. I wonder how that mechanism works and why it’s faster sometimes and sometimes not? Is it correlated with some specific events (at peaks and lows)? Maybe I’ll read the research article.
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Quotes & Links #37

1) nzz.ch: Pikettys armseliger Eurozentrismus

Wir haben zwei Jahre damit verbracht, Interviews mit Angehörigen von Menschen, die sich selber verbrannt haben, und Überlebenden durchzuführen. Der gemeinsame Nenner dieser Märtyrer war, dass sie Entrepreneurs waren und dass sie alle empört darüber waren, dass ihr kleines Kapital (auf Arabisch: «ras en mel») enteignet worden war.

Interessanter Kommentar zu Piketty und seinen Statistiken. Ich sollte das Buch wirklich mal weiterlesen.
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Quotes & Links #35

1) faz.net: Stromausfall und Griechenland

Es sind solche Fehlinformationen, die die bisherige deutsche Debatte bestimmen, in der jeder sein bisheriges Bild über Griechenland bestätigt sehen will.

Ja, man weiß gar nicht, wo man da anfangen soll… die Fehlinformationen verselbständigen sich dann und lassen sich wunderbar für Propaganda gebrauchen.
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Quotes & Links #34

1) zeit.de: Neapel – Wir bleiben

Bis dahin war es ein harter Kampf. Ihr Vertrag wird jedes Jahr verlängert, eine unbefristete Stelle zu finden ist in Italien ein Luxus, für den man Gerüchten zufolge zahlt, bis zu 25.000 Euro soll ein Arbeitsplatz bei den öffentlichen Bahnen kosten. Bizarr, aber gut vorstellbar in einem Land, dessen Schwarzmarkt einen jährlichen Umsatz von bis zu sieben Milliarden Euro macht.

Hmm. Let’s hope they can be successful. Seems like a tough fight.
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Quotes & Links #29

1) nytimes.com: Helping the Poor in Education: The Power of a Simple Nudge

Why aren’t schools, districts and states rushing to set up these measures? Maybe because the programs have no natural constituency. They are not labor- or capital-intensive, so they don’t create lots of jobs or lucrative contracts. They don’t create a big, expensive initiative that a politician can point to in a stump speech. They just do their job, effectively and cheaply.

2) medium.com: Draghi’s force multipliers

My reasoning was that a big intervention program could only have any chance of working if the banking system was able to support it by expanding credit, and that Mario Draghi knew that there was no point in pouring central bank funds into the leaky bucket of the Euroland banking system until the Asset Quality Review was finished.

In that context, the careful unpicking of institutional problems matters just as much as the big showy announcements of trillions of Euros of asset purchases.

Interesting piece throughout and compliments other comments very well.
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