finance
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Predicting that the U.S. dollar will fail is so much more convincing when you can cause its failure.
Cryptocurrencies are inherently wasteful & subject to the whims of their developers. But if a person were in charge of both a cryptocurrency AND the U.S. government, that person could make the government worse by comparison.
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On Lev Grossman’s ‘The Magicians,’ the incel ‘Harry Potter.’
Magical fantasy, set in the sort of world where the self-styled “best & brightest” choose finance.
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On Gamestop and counterfeiting.
The problem isn’t Gamestop. Some people are allowed to counterfeit money, while others go to jail.
bank, bank credit, bank lending, bank regulation, banking, banks, block chain, blockchain, blockchains, brokerages, capitalism, contract law, currency, deregulation, failure to deliver, federal reserve, finance, fixing the stock market, free market, gamestock, gamestonk, GameStop, Gamestop stock, GME, hedge funds, incarceration, jail, jail poetry, lending, mass incarceration, Money and Government, money supply, naked short, naked shorts, poetry in jail, prison, reddit, regulation, robert skidelsky, SEC, share price, short, short sell, short selling, stock, stock market, stock market regulation, stock prices, stock regulation, stock shorting, stocks, unfair markets
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On currency, again
If you’re willing to extend credit — whether in dollars or Honey Buns — you control the money supply.
AIG, bank credit, bank lending, bank loans, banking, barter economy, business cycle, central bank, central banking, commissary, credit, currency, debt, debt spending, deregulation, finance, fiscal policy, government bailout, hair grease, Honey Bun, incarceration, incarceration crisis, inflation, insurance bailout, jail, jail bartering, jail economy, jail mail, jail tattoo, lending, loans, mass incarceration, monetary policy, money, Money and Government, money supply, politics of inflation, QE, quantitative easing, recession, Robert Skidelisky, Ryan-Collins, speculation, tattoo, teaching in jail, The Past and Future of Economics, where does money come from
Frank Brown Cloud 