Few will find it surprising that the incoming Biden administration looks, in both form and function, a lot like the Obama administration of 2009-2017. After all, Joe Biden served as Barack Obama’s vice-president for those eight years. His staff and cabinet appointments comprise a veritable Who’s Who of Obama holdovers and members of Biden’s own political circle, built over decades in the Senate and White House.
Day: January 21, 2021
What is Money?
The word “money” comes from the Latin moneta, which is where coins of precious metal were made and stored. Precious metals naturally rose to the top of money markets because they are scarce, long-lasting, and valued by weight. Gold in particular became the standard for money because it is uniquely suited to serve the purposes of money.
Sweating the Small Stuff & Influencing Others (22m) – Episode 057
Episode 057 looks at two Stoic topics: the first from Marcus Aurelius who wrote, “It is essential for you to remember that the attention you give to any action should be in due proportion to its worth, for then you won’t tire and give up, if you aren’t busying yourself with lesser things beyond what should be allowed.”; and the second from r/Stoicism, a post by EricHennigan, which started, “I was thinking about Epictetus’ reminder that some things are under our control and others not. If we push this idea really hard, there are many things that I might naively consider under my control, but which, when examined more closely are not. For example, thoughts randomly bubble into my mind and I do not control that. Emotions can overwhelm my rational faculties, causing me a temporary insanity. Many external factors control the direction of my life. The simple, naive, lowercase stoic advise seems to recommend that I not try to control things which I cannot. I think this interpretation would be a disastrous mistake.”