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The Future of Money?
‘Bitcoin’ is an interesting example of the future of money. Bitcoin is a non-asset backed and non-state controlled money. With the Fed destroying the value of our money it comes as no surprise that we should start to see such experiments as these. I tend to be skeptical of such non-asset backed currencies, but it […]
History Repeats Itself
Inflating the money supply (aka creating massive inflation) during a crisis and going into massive debt is like trying to dig your way over a mountain. History should be our guide, not Keynesian vudu. Actual transcript from Powell during his interview on 60 Minures below: https://www.cbsnews.com/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/#app Scott Pelley: Where does it come from? Do you […]
Plaxico Burress and Unjust Laws
Plaxico Burress, former NY Giants WR, recently got out of 20 months in prison for bringing a gun into a club and accidently discharging it, hitting him in the thigh, but hurting no one else. This punishment is an example of how our current legal system does not do its job in ensuring justice is […]