American Coups: Biden’s First Tests

The Biden administration promised that things would change. The first month has already offered a few opportunities for an early measure of whether that change includes coups. It hasn’t been a great start. Ukraine One of the early signs that coup plotters were still welcome in the club was Biden’s nomination of Victoria Nuland for … Continue reading "American Coups: Biden’s First Tests"

Nuclear Power Making a Comeback as Biden Administration Readies Infrastructure Bill

United Front Against Austerity|Tax Wall Street Party American System Network|March 3, 2021 $1.9 Trillion Rescue Bill Reaches Senate, Where It Must Be Approved by Congress over Next Ten Days; Moscow Mitch Raves That Any Cut is a Good Cut; Welfare of American People Threatened by GOP Sabotage, but Schumer Seems to Have the Votes; Gen. [...]

In Finance, Slow is Good

"What the central bank RTGS/LSM two-step teaches us is that we need a good balance between fast and slow. Sure, real-time settlement is a nice feature. But let's also have delayed settlement. If brokerages have a choice to use some combination of two-day and real-time settlement, we may arrive at a socially optimal stock settlement rate." ~ J.P. Koning

Yuval Noah Harari’s Terrifying Pandemic Future

"Let’s focus on the ethical obligation that now runs rampant in our broken societies: everyone’s health is everyone else’s business. Your wants, desires, habits, and routines are mine to police; after all, if we’re not careful, your body could be the source of the next global disease. That means I, or some national or global entity that I control, must be in charge of your life. It is a scary world into which Professor Harari wants us to happily and voluntarily walk." ~ Joakim Book

The Maoist Roots of Social Justice in Higher Education

"Those who actually want to make efforts to forward amiable goals like diversity, equity, and inclusion should distance themselves from radical far-left doctrines in favor of one that does not seek political domination while using minorities as a wedge. If that cannot be done, it would be understandable for demands for social justice to be thoroughly rejected by those who wish to preserve the integrity of higher education." ~ Ethan Yang

Central Planners Send Vaccines to Places Seniors Don’t Live

"Federal officials monopolized the purchase and distribution of vaccines which were sent to state governments, which micromanaged distribution of vaccines to their counties. Vaccines were then rationed by political preferences (such as defining some jobs as more essential than others) and by random luck after spending hours searching for an appointment." ~ Alan Reynolds

Mastercard’s Crypto Ruse

"With more corporate powerhouses supporting cryptocurrencies by the month, it appears that crypto is here to stay. Whether those cryptos are the ones currently popular or this announcement by Mastercard acts to initiate a path dependent development process is presently unknown and unknowable. Other recent initiatives by the massive processing firm suggest a focus that may thwart, rather than promote, the expansion of genuine, public cryptocurrency use." ~ Peter C. Earle