Daily Digest 2/11 - Reclaiming Native Ground, Should Cash Be Abolished?
The Coming Of Depression Economics (David P.)
This has led many economists to believe that World War II was the answer to “secular stagnation” the first. In orthodox parlance, Krugman describes it as an S-curve with multiple equilibria, being careful to pronounce such analysis as dangerous because such a model would be, “a device that can justify practically any policy.” Even still, that is exactly how not just the US economy but the world economy acted in the 1940’s.
We are a nation that is deeply, deeply divided, and now this latest controversy threatens to divide us even further.
When I was out earlier today, I saw a pro-Trump billboard that some business owner had put up that was urging liberals to quit their whining.
Both OKCoin and Huobi indicated that their platforms would now go through an “upgrade” to combat “money laundering, exchange, pyramid schemes and other illegal activities”, though no further details were provided.
Following the publication of this article, BTCC announced that it would also upgrade its internal systems. In the meantime, the exchange said, bitcoin and litecoin withdrawals will take 72 hours to process.
This article is based on interviews around the country with more than three dozen current and recently departed federal employees from the Internal Revenue Service; the Pentagon; the Environmental Protection Agency; the Justice and Treasury Departments; the Departments of Homeland Security, Veterans Affairs, and Housing and Urban Development; and other parts of the government. They reveal a federal work force that is more fundamentally shaken than usual by the uncertainties that follow a presidential transition from one party to the other.
Should Cash Be Abolished? (David P.)
Money emerged because barter could not support the market economy. A butcher who wanted to exchange his meat for fruit might not have been able to find a fruit farmer who wanted his meat, while the fruit farmer who wanted to exchange his fruit for shoes might not have been able to find a shoemaker who wanted his fruit.
The distinguishing characteristic of money is that it is the general medium of exchange. It has evolved as being the most marketable commodity.
The Costs Of Dragon Maintenance (GE Christenson)
However the village existed a long distance away from the United States and the dragon maintenance saga happened before the world developed central banking, fiat paper money, deficit spending, ever-increasing debt, High Frequency Trading, derivatives, Quantitative Easing, PhD Keynesian economists and career politicians who manage our nations … so don’t worry … about dragon maintenance.
There are some significant issues with the drone, though. For one thing, this sort of setup is likely to be incredibly expensive. Similar-sized mini-drones retail for about $35 each, and that’s without any of the more advanced hardware and software a drone setup would need to operate autonomously. For another, the tiny size and high energy required to fly make small drones extremely short-lived. These drones usually can only last for about ten minutes on a single charge, which would make it troublesome to operate a large fleet over a significant area of farmland.
This is the dilemma Dardar spends much of her time agonizing over. She has lived in Pointe-au-Chien for more than 40 years, in a house overlooking a bayou lined with shrimp boats. (Pointe-au-Chien means “Dog Point”; the larger rural community is often called Pointe-aux-Chenes, or “Oak Point.”) She has served as a deckhand on her husband Donald’s shrimping boat and has skinned the nutria he once trapped in the winters. She’s watched that shrimping business dwindle, and the trapping business disappear altogether. And she’s seen neighbors give up on their gardens and animals.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."