New Orleans You don’t hear the word “usury” bandied about much these days, although it is part of everyday life for many of us. Simply put, usury is little more than predatory interest rates. Politicians from the president on down are talking about interest rates these days. Trump is employing extreme, extralegal measures …
Category: Financialization
The Right to a Job
New Orleans We hear a lot about the Federal Reserve, especially when the nation is struggling to deal with either unemployment or inflation, or, worse, both at the same time. Former President Trump in a hollow piece of demagoguery claimed recently that if elected, he would make sure interest rates were lowered. In …
Effective Altruism Crashes and Burns with Bitcoin Collapse
New Orleans Sometimes when things just seem too good to be true, it is actually because it’s quite simply not true. At the bottom line, there’s still no substitute for good judgement. Ok, so that’s the moral of this story. You might wonder, what’s the story? Part of it is about bitcoin. I’ve read …