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 […]

US Internet Policy, Part 5: Trump, Title I, and the End of Net Neutrality?

The election of Donald Trump in 2016 presented new challenges to broadband policy and the net neutrality rules passed under the Obama administration. Tom Wheeler resigned from the Federal Communications Commission (FCC), allowing Trump to pick a Republican chair. The major issue would be to challenge the FCC’s 2015 classification of Internet Service Providers (ISPs) […]

Internet Policy, Part 4: Obama and the Return of Net Neutrality, Temporarily

This post examines the Obama administration’s approach to Internet regulation and the issue of net neutrality. This involved reviving “Title II” regulation that works to guarantee the equal treatment of content throughout the Internet. Previously, I examined the legal and regulatory components of common carriage and the emergence of net neutrality as an enabling framework for Internet innovation and growth.

Will Offshore Wind Power Print Money?

The economics of offshore wind energy are very much like media economics – high upfront costs and low marginal costs. Wind power requires major capital influx to set up but once operational, the wind is free. Lubrication and other maintenance is needed at times but as long as the wind is blowing, electricity and thus money is being created.

Korea in a Post Covid-19 World, Part 3: The Green New Deal

I examine Korea’s concerns about its quality of life and some of its plans for addressing related economic and environmental issues. Despite impressive economic growth and infrastructure development, the country suffers from congested highways, industrial waste, and regular occurrences of high particle content in its air. Consequently, the Moon administration embraced a Green New Deal in mid-July 2020 to address these issues and pursue opportunities for green growth industries with export potential.

Korea in a Post Covid-19 World, Part 2: Merging Digital and Green New Deals

This post continues the discussion of the recent responses by Korea to the COVID-19 pandemic and its economic repercussions. It introduces the Digital New Deal and helps transition to the Green New Deal.

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.

Korea in a Post-Covid-19 World, Part 1: The Korean New Deal

The New Deal term has circulated extensively in the wake of the concerns about climate change and more recently in thinking about a COVID-19 epidemic.

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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.