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Krugman spells out the Paradox of Thrift: when the interest rate goes to zero — like the past five years — cuts in spending reduce the incentive to invest, which is contrary to

Noam Scheiber says that populist Elizabeth Warren is Hillary’s worst nightmare. Noam Scheiber Judging from recent events, the populists are likely to win. In September, New York City Public Advocate Bill de Blasio, running on

Large-scale destruction is well known in Detroit, but it is also underway in Baltimore, Philadelphia, Cleveland, Cincinnati, Buffalo and others at a total cost of more than $250 million. Officials are tearing down

I disagree with several premises in this paper, most notably that we will need to be able to ‘predict where failures might occur’ in operating AI systems, like driverless cars.  Last year, a strange self-driving

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