Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Modern Monetary “Practice” and the Fear of Inflation

One of America’s most potent political myths is that you, as a citizen, pay for any government spending. So people talk about paying for this and that program, but what really happens is that Congress appropriates the money for spending. Then the Treasury instructs the Federal Reserve Bank to credit the spending accounts. Sure, the$28 […]

COVID-19 and US Economic Policy Responses

In this post, I look at how the Federal Reserve and Congress addressed the economic ramifications of the emerging pandemic in 2020.

The Two Santa Claus Theory of Economic Growth and the Prospects of Modern Monetary Theory (MMT)

Intentional deficit spending is not strictly a Democratic agenda. Republicans pushed related ideas with the Two Santa Claus Theory: deficit spending and tax cuts for the rich. Written in March 1976, by Wall Street Journal editorial writer, Jude Wanniski stressed that for economy to be healthy, US politics should have a division of labor between Democrats and Republicans.

Four Futures: One Humanity

This post looks at a few of my favorite futurists and a book I recently found intriguing that presented four visions of the future.

The World is Bubbly: Capital, Cities, and Creative People

I’m concerned that as cities develop policies to become more attractive to the creative class, that they sow the seeds of their own demise by attracting excess real estate capital.

From Gold to G-20: Flexible Currency Rates and Global Power

When British author Ian Fleming published the James Bond spy novel, Goldfinger in 1959, the world was locking into a new framework for managing global trade and foreign exchange transactions. The New Deal’s Bretton Woods agreements tied participating currencies into a fixed exchange rate with the US dollar that itself was tied to $35 for […]

Apple’s GUI and the Creation of the Microsoft’s Excel Spreadsheet Application

Microsoft’s famous spreadsheet application, Excel, was originally designed for Apple’s Macintosh personal computer. This post explores the beginning years of the personal computer and its transition to its more modern interface pioneered by Apple and its Macintosh computer. This transition opened the way for new software innovations, particularly the development of the Excel spreadsheet application […]

The Cyberpunk Genre as Social and Technological Analysis

I once taught a Freshman seminar at New York University in Information System Management (ISM). The course was introductory and only two credits, so I felt we needed a focused yet comprehensive set of analytical concepts to shape our discussions and assignments about ISM in the modern world. I decided to use the “cyberpunk” genre […]

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  • About Me

    Professor at State University of New York (SUNY) Korea since 2016. Moved to Austin, Texas in August 2012 to join the Digital Media Management program at St. Edwards University. Spent the previous decade on the faculty at New York University teaching and researching information systems, digital economics, and strategic communications.

    You can reach me at:

    apennings70@gmail.com
    anthony.pennings@sunykorea.ac.kr

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    The opinions expressed here do not necessarily reflect the views of my employers, past or present.