The common error here is an inability to see that products and systems must be resilient to human error simply because such errors are widespread and an inevitable part of the human condition.
Economics
Bill Mitchell: Abandoning the euro would have essentially zero negative income effects for the vast majority of Member States
“I am still one that considers the only viable future for the 20 Member States is to exit the EMU, restore their own currency sovereignty, and then negotiate inter-governmental agreements at the European level (by […]
Economics
Bill Mitchell: Bank of Japan continues to show who has the power
1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program. 2. The Bank will not cede to this pressure, […]
Economics
Heiner Flassbeck: Why democracy will ultimately fail
Democracy and pluralism are not superior per se. When democracy loses the ability to hold serious discussions on serious issues, it provides a wide open flank for its opponents, who, like Donald Trump, intuitively see […]
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