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 …
Category: Financialization
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 …
Individual Political Donations Matter
New Orleans Many of us have become cynical about the big money in US election campaigns and all of the schemes used by the superrich, corporations, and special interests to flood the zone with cash. There’s dark money. There’s weird foundation scams like the recent $1.6 billion stock sale donation for the Republicans. …