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April 14, 2023
In 2003, someone leaked a “secret” Pentagon report warning of the dire consequences of climate change.
December 17, 2021
“What cryptocurrency threatens is the very existence of the nation-state, which will have to pivot quite radically in order to survive the coming onslaught from the blockchain. The resulting institutional framework might look entirely alien once the dust has settled.” – Justin Goro, from “The Great Hard Fork” by Max Borders In the Tikal […]
July 26, 2021
If America somehow managed to educate millions of college students without burdening them with $2 trillion in debt in 1993, why is it now “impossible” to do so, even as America’s wealth and gross national product (GDP) have both rocketed higher over the past 27 years? Predators thrive on Americans’ short memories. Student loans in their present scale did not exist prior to 1994. According to the Federal Reserve FRED database, the student loan balance was zero in 1993. From zero in 1993...
July 21, 2021
So go ahead and say whatever you want around all your networked devices, but don’t be surprised if bad things start happening. I received another “Our Terms Have Changed” email from a Big Tech quasi-monopoly, and for a change I actually read this one. It was a revelation on multiple fronts. I’m reprinting it here for your reading pleasure: We wanted to let you know that we recently updated our Conditions of Use. What hasn’t changed: Your use constitutes your agreement to our Conditio...
July 16, 2021
Heres Why Americas Labor-Shortage Will Drive Inflation Higher Published: July 15, 2021 Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. Americas labor shortage is complex and doesnt lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of "getting America back to work" which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits. Lon...
July 15, 2021
Great swaths of the American workforce are already on strike or slipping away from the dead-end treadmill. America’s labor shortage is complex and doesn’t lend itself to the simplistic expectations favored by media talking heads. The Wall Street cheerleaders extol the virtues of “getting America back to work” which is Wall-Street-speak for getting back to exploiting workers to maximize corporate profits. Long-term demographics have combined with cultural changes and Covid-Lockdown ep...
July 13, 2021
As I often note here, when you push the pendulum to an extreme of wealth and income inequality, it will swing to the opposite extreme minus a tiny bit of friction. The depth of America’s indoctrination can be measured by the unquestioned assumption that Capital should earn 15% every year, rain or shine, while workers are fated to lose ground every year, rain or shine. And if wages should ever start ticking upward even slightly, then the Billionaires’ Apologists are unleashed to shout that ...
January 9, 2021
In a December 23 article published on mises.org, Lipton Matthews made the compelling case for advocates of free market capitalism to prioritize the moral superiority of capitalism rather than making the case for capitalism’s superior productivity. “Demonstrating the impracticality of socialism is necessary, but is also an ineffective strategy to galvanize goodwill for capitalism, because objections to capitalism are usually predicated on moral grounds,” he wrote. Indeed, in the battle o...