The Twilight of Investment

One of the more intriguing features of the current economic debacle is the way that remedies that have often worked in the past have failed so thoroughly this time around. Another is the way that remedies that have failed every time they have been tried in the past have failed this time, too. Behind the inability of central bankers to deal effectively with the crumbling of the global economy, though, stands a major shift in the shape of economic activity — one that promises to leave few aspects of modern economic life untouched.

The Prince of Pickles: Sandor Katz on The Art of Fermentation

My first copy of Wild Fermentation, by author and fermentation extraordinaire Sandor Katz, was purchased after a friend had spoken about it as if it were a sacred text. Indeed, mine quickly got doused by brine as I put up beans and kraut, or splashed with dollops yogurt and other experimentations like honey wine. Now, Katz has released his most comprehensive fermentation tome to date, The Art of Fermentation. All of the traditional ferments, including vegetables, meat and dairy, are included. But also, Katz digs in with ideas from around the world. Fermented acorns? check. Forget Kombucha, have you tried Mauby? Or growing your own mold culture for tempeh? Its all there.

I got the privilege of learning more about the book and Katz’ perspective on fermentation as a radical practice in this recent interview.

OECD Oil Stocks

Yesterday, I was musing over the fact that global oil supply has pretty much stopped growing in 2012, and that this seems strange given that prices are falling. My hypothesis yesterday was: the global economy is still growing so oil demand must be still growing. Thus with flat supply, prices should be growing. The fact that they are falling must thus represent fears about the future (Eurozone triggered financial implosion).

Today’s Farmer: Nine Hours Daily On A Computer

I promised not to use his name because I wanted him to speak freely which is not easy to do these days when society is in such conflict. He is a fortyish farmer, articulate, engaging, a delight to talk to…The first time I met him, several years go, I remembered him saying that a farmer needed to spend two hours a day on the computer, hedging and marketing his grain.

For Rio+20: A Charter for a New Economy

The overarching goal at the upcoming Rio+20 summit must be achieving sustainable prosperity for all. Within this broad objective, the subject is bracketed, if you will, by two of the greatest challenges faced by the international community: the greatest social challenge, world poverty, and the greatest environmental challenge, climate change. There can be no sustainable prosperity without victory on these two fronts.

Europe in 1931

I was at a conference at the Cato Institute two weeks ago discussing some research by Dartmouth Professor Doug Irwin on the role of the gold standard in the Great Depression of 1929-1933. If you’re interested, you can see a written version of my comments, the slides from my presentation, or a video of the session (my comments begin a little more than half way in). Here I’d like to relate some of the discussion of what happened in Europe in 1931, and comment on some of the parallels with what is going on today.

A 150-Year Experiment: Colleges that serve everyone

The historic land-grant tradition of higher education in the United States shares notable similarities to the emerging interest in the “commons”. Having researched scholarship regarding land-grant institutions and recently becoming aware of strategies for a commons-based society, I am struck by their common mission, and commitment to the public interest. This article is intended to introduce land-grant institutions, which celebrate their 150th anniversary this year to the “commoners” in hopes of bringing together advocates for the advancement of our communities and society.