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Are Horses More Useful to Humans Than Pigeons? And Other Letters to the Editor Credit...Kim Ludbrook/European Pressphoto Agency April 2, 2021 To the Editor: In Nate Blakeslee’s mostly favorable review of Matthew Gavin Frank’s “Flight of the Diamond Smugglers: A Tale of Pigeons, Obsession, and Greed Along Coastal South Africa” (March 21), Blakeslee writes, in reference to pigeons, that “no other animal aside from the dog has been as useful to humans.” Really? I daresay that in a contest between pigeons and horses as to usefulness to humans, the horse would win by several strides. ...

The Mines Of Midrange 2/18/2021 – Michigan 71, Rutgers 64 – 15-1, 10-1 Big Ten Here's a famous tweet. I...worked on this story for a year...and...he just...he tweeted it out. This is how your author felt when last night's broadcast began with the announcers relaying Steve Pikiell's take on the game, which was "we're going to jack up a bunch of heavily contested off-the-dribble twos and see how it goes." The announcers said it a little differently, leaving out the heavily contested jacks so they could euphemistically refer to this behavior as "shooting in the midrange." There's midrange an...

by Patrick Barron via Mises The seeds of sound-money destruction were sown at the 1944 Bretton Woods Conference, which established that US dollars could be held as central bank reserves and were redeemable for gold by the US Treasury at thirty-five dollars an ounce. This was the so-called gold exchange standard, but only foreign central banks and some multinational organizations, such as the International Monetary Fund (IMF), enjoyed this right of redemption. The system depended upon the solemn promise by the US that it would refrain from issuing unbacked dollars. The watershed event that...

by Doug French via Mises The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet not with the speculation  de jour, bitcoin, but instead with the barbaric relic gold. Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladam...

The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians' and modern monetary theorists' imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet not with the speculation de jour, bitcoin, but instead with the barbaric relic gold. Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladimir Putin and Elvira Nabiullina, p...