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.
Episode 454 has Skyler giving his commentary on the following topics: Section 230 of the Communications Decency Act of 1996 and what is and is not libertarian about it; Amazon Web Services cancelling their contract with social media platform Parler without the contractually specified notice of 30 days; what should happen to contracts in the future; examining our dependencies and building alternatives; and more.
Right after Christmas, I ordered a couple of items with Christmas money. And I’m still waiting for them to arrive.
Both were sent United [sic] States Postal Service. Both have tracking numbers, but…
One apparently disappeared into the U…
Here are five ideas for turning action into agency regarding Big Tech and social media.
“Those who make peaceful revolution impossible,” President John F. Kennedy said in a 1962 speech, “will make violent revolution inevitable.” Nearly 60 years later, two warring groups within the American political class seem resolutely determined to make “peaceful revolution” — by which JFK seems to have meant orderly democratic decision-making — impossible.
Unsurprisingly, not all economists agree on how to approach what used to be called “political economy”. Adam Smith in 1776 defined it as “an inquiry into the nature and causes of the wealth of nations”. It was understood that the default state of mankind was poverty, so the question was how people become wealthy.
An interview with Faisal Saeed Al Mutar.
Was 2020 the worst year ever? The media keep saying that. We did have the pandemic, a bitter election, unemployment, riots, and a soaring national debt. But wait, look at the good news, says historian Johan Norberg. His new book, Open: The Story of Human Progress, points out how life keeps getting better, even if people just don’t realize it.
The title of this article is a bit misleading, because every moment is already perfect and doesn’t need to be improved. But our experience of the moment can be fraught with difficulty, and we have the power to create a new experience in each moment. The problems we face stem from our narrative about the moment: we are constantly interpreting things in a certain way, so that we don’t even notice that we have this interpretation or narrative.
The anonymous author of the satirical “Homeless Camping in Austin: A Modest Proposal” has also sent me this more serious guest post. The title is mine. “Democratic centralism,” you may recall, is the Leninist practice of demanding strict loyalty to a party line after a (usually perfunctory) debate. Printed with the author’s permission.