Mind Matters Natural and Artificial Intelligence News and Analysis

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Barad-dur, Mordor

Tolkien’s for Sale

Commercializing the beloved epic fantasy comes at a cost

What happens when a beloved fantasy world, once respected and celebrated because it soared above the surrounding fray of decadent literature and art, becomes mainstream? What if the very work that was intended to transcend consumerism becomes the object of mass consumption? Harley J. Sims, writing for MercatorNet, believes Amazon has diluted the characteristic beauty and depth of The Lord of the Rings for the sake of mass consumption and appeal. I’ve shared my own thoughts on the new Rings of Power show in two separate pieces (here and here) for Mind Matters already, but just to recap: the show is interesting and entertaining enough to keep watching, but it’s missing something—a moral and imaginative ingredient Tolkien articulated beautifully in…

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Technical price graph and indicator, red and green candlestick chart on blue theme screen, market volatility, up and down trend. Stock trading, crypto currency background.

Detecting BS Research: If It Seems Too Good to be True…

A recent Wall Street Journal article shows a near-perfect link between inflation and money. But a link that near-perfect raises suspicions

Two Johns Hopkins economists recently wrote a Wall Street Journal opinion piece titled, “Jerome Powell Is Wrong. Printing Money Causes Inflation.” Their argument is that Federal Reserve chair Powell is mistaken in his assertions that there is not a close relationship between money and inflation. As evidence, they offer the chart below, showing that the rate of inflation can be predicted almost perfectly from the rate of increase of M2, a broad measure of money. The authors explain: The theory rests on a simple identity, the equation of exchange, which demonstrates the link between the money supply and inflation: MV=Py, where M is the money supply, V is the velocity of money (the speed at which it circulates relative to total spending), P…

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Sparkler between two hands

The Creative Spark

An information theory justification for the intrinsic value of human beings
Because creativity is unique to humans and irreducible, all human beings have the ability in principle. The fact that a particular human being’s creativity is not in use or is perhaps unusable at present does not mean that that person does not have the ability. Consequently, all humans have at least latent intrinsic instrumental value. Read More ›
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Why Do We Think Money Is Real?

It is actually a constantly shifting network of agreements to trust others

It is actually a constantly shifting network of agreements to trust others. Maria Bustillos, editor of Ethereum’s culturemag, Popula, asks us to think about just what money is before we make up our minds about Bitcoin.

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Bitcoin gold coin. Cryptocurrency concept.

A Wallet You Can’t Feel?

Will Bitcoin change the rituals around money?

It’s tempting to assume that cryptocurrencies like Bitcoin will succeed because social media did. But digital doesn’t mean magic. Cryptocurrencies will work if the needs met are more significant to most people than the problems created are.

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