One of the great fictions about money is that it is neutral. It isn’t. It’s either designed for the elites or for the citizenry. Many proclaim a desire for “sound money,” but “backed by X” currencies are not “sound money” unless they can be converted directly into X.
VIEW POSTIf we don’t bother measuring national well-being, the health of the nation’s commons and resources and advances in the public’s interests, then we foolishly call a decade of tremendous advancement “stagflation.”
VIEW POSTRather than cheer the concept of a new currency, we’re better served to look at the velocity of that currency and the cycles of investing that currency in assets denominated in that currency for a low-risk return.
VIEW POSTHackers unleash chaos: Danish central bank and leading private bank websites under siege,
FAA’s Nationwide NOTAM System Outage Leaves Flights Across US Grounded,
Stolen Slack Employee Tokens Lead to Christmas Github Repository … this and more in AofE #281
Should the wealth effect reverse as assets fall, capital gains evaporate and investment income declines, the top 10% will no longer have the means or appetite to spend so freely. Soaring wealth-income inequality has all sorts of consequences.
VIEW POSTWe need a new iteration of economics that advances beyond the obsolete, misleading statistical measurements of bygone eras. Let’s focus on a largely forgotten history, one within living memory of everyone born in the 1950s, a history of signal importance to our understanding of the forces that will dominate the next decade.
VIEW POSTMark is the co-founder of easyDNS and the editor-in-chief of #AxisOfEasy. He is the author of Managing Mission Critical Domains & DNS (Packt UK, 2018) and Unassailable: Protect Yourself from Deplatform Attacks & Cancel Culture.
Futurist, researcher and public speaker, Jesse Hirsh has been active in technology and commenting on it across the media for 25 years. His premium newsletter service operates from Metaviews.ca.
Charles Hugh Smith is the author of numerous books and writes from OfTwoMinds.com.