Let me preface this by saying: I hope I’m wrong, but I fear that I’m not.
I’m relatively new to Crypto, though not to computers, currency, the collectibles market, or economics. I’ve understood basic blockchain theory for years, and simply opted to not participate. True wealth, after all, is independent of which coin one uses.
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The Secretary of Labor can’t get confirmed. Her own party is blocking her.
Normally, this wouldn’t be worth commenting on, even though Julie Su is not only fully qualified but also is actually doing the job right now. The Democrats, as we all know, are their own worst enemies and always have been. Rather than focusing on their opponents, they spend most of their time in office eating their own young. It’s been going on so long now, it’s acquired the force of tradition.
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My friends, I want to talk for a few minutes with the people of the United States about banking — to talk with the comparatively few who understand the mechanics of banking, but more particularly with the overwhelming majority of you…
Franklin Delano Roosevelt, President. 12 March, 1933
It’s been ninety years, and we still haven’t learned the lesson.
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Heh. You think these prices are high? Just wait. You’ll see.
It’s easy for me; I stopped driving soon after I moved close to the Beltway. It wasn’t really by choice, though at least the government didn’t force me; it’s a safety measure more than anything. I figured that if I still had a license, some emergency would arise and I’d need to get behind the wheel for whatever reason, and after that it would only be a matter of a very brief amount of time before my Maine driving habits got me killed.
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It’s time. The wage hasn’t gone up since 2009, and a dollar is worth a lot less today. $7.25 an hour in 2009 is $9.50 an hour adjusted for inflation, and add a quarter a year for a while just to stay even.
There’s people who couch their arguments in terms of a living wage. Some talk of morality, of exploitation, of fairness. There’s a big political movement out there supporting $15 and hour on these grounds; they’ve had some success in Seattle. (more…)
The Not Fake News 