Anthony J. Pennings, PhD

WRITINGS ON DIGITAL STRATEGIES, ICT ECONOMICS, AND GLOBAL COMMUNICATIONS

Weak Domestic Dollar, Strong Global Dollar

Currently the dollar is weak domestically and strong globally. In this post, I examine the dynamics of the US dollar and why it operates differently within the domestic US and globally.

MMT in a Post-Covid-19 Environment

We hear the term “printing money” a lot, usually by gold or bitcoin enthusiasts who believe in establishing strict financial constraints. By establishing “hard money” and limiting the quantity of money in an economy, they hope to see their assets rise in value while keeping prices down. Certainly, governments do print some of their money for public use, but the preponderance of funds are entries in digital ledger accounts.

US Technology Diplomacy

I’d like to cover three areas about US technology diplomacy. First, I want to talk about America’s domestic renewal. Then I will address some of the major US institutions managing technology diplomacy. The State Department has the prerogative for taking diplomatic leadership but the USTR and Commerce Department are also involved. Lastly, I want to end with some comments on “norms” in multilateral technology diplomacy, particularly the “securitization” of cyber technology.

Diamonds are a World’s Best Friend? Carbon Capture and Cryptocurrency Blockchains

Instead of mining gold or even Bitcoin, why not move to a diamond standard? Why not use diamonds from carbon recaptured from the atmosphere? Instead of “conflict diamonds,” why not have “climate diamonds?” Can diamonds replace gold and back other currencies?

Modern Monetary “Practice” and the Fear of Inflation in a Low-Supply Economy

So the economy looks to be at risk in late 2021. Will the practical application of MMT provide operational guidance for a new era of prosperity? Can infrastructure and climate change solutions provide sufficient returns on these investments? The big question is whether government spending for such programs can avoid significant inflationary pressures?

Thomas Edison Builds the Universal Ticker-Tape Machine

Electricity was being harnessed to expand finance’s reach throughout the country and across the seas. New networks of telegraphed information and news added both layers of certainty and volatility to Wall Street and for investors around the world. Edison’s inventions and patents helped solidify these technological innovations and the financial practices and provided the means for him to escape New York and set up his laboratories and facilities for creative innovation and manufacture.

Show-Biz: The Televisual Re-mediation of the Modern Global Economy

Media industries “show” business and finance through various camera, editing, and special effects techniques, drawing in data from many sources and presenting them on different windows of high-resolution screens. These techniques create ways of seeing and showing the economy. Consequently, they influence public opinion as well as investment and trading strategies that shape global, local, and national economic activities and investment patterns.

Digital Spreadsheets as Remediated Technologies

The digital spreadsheet was designed as an electronic document in which data was arranged in the rows and columns of a matrix and could be manipulated and used in calculations. It combined listing, tabling, and other formulaic calculations to create a new imaginative technology that transformed modern finance and the management of organizations – large, and especially the small.

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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.