bankers against Biden's fiscal plan could really do with some proper fact-checking before sending their op-ed to the FT.
We all understand 'it's ideology, stupid!', but no excuse for lazy arguments.
Incidentally, unconventional monetary policy through which central banks basically rescued banks after they nearly destroyed the global financial system in 2008
I cant think of a more productivity-enhancing outlay for 10bn of public funds.
to blame government spending, instead of the Morgan Stanleys of this world, for monetary policy is, let's say, a bit rich
it's on par with Erdogan's 'high-interest rate cabal'
More from Biden
Did you miss the Inauguration of the 46th President of the United States,Joe Biden?This Thread is the perfect synopsis for everything you need to know!
Donald Trump left the White House Wednesday morning. For the first time in 150 years the sitting president didn’t attend the swearing-in of his successor.
Kamala Harris, the first woman and person of color to hold the office of vice president was sworn in by Justice Sonia Sotomayor, the first Latina member of the Supreme Court.
Chief Justice John Roberts later administered the presidential oath to Biden as Jill Biden held the bible and as his children, Hunter Biden and Ashley Biden, stood by.
President Joe Biden gave his Inaugural address. Check out the full transcript below.
Donald Trump left the White House Wednesday morning. For the first time in 150 years the sitting president didn’t attend the swearing-in of his successor.
Trump leaves the White House pic.twitter.com/fed7XB4I99
— Jake Tapper (@jaketapper) January 20, 2021
Kamala Harris, the first woman and person of color to hold the office of vice president was sworn in by Justice Sonia Sotomayor, the first Latina member of the Supreme Court.
Chief Justice John Roberts later administered the presidential oath to Biden as Jill Biden held the bible and as his children, Hunter Biden and Ashley Biden, stood by.
President Joe Biden gave his Inaugural address. Check out the full transcript below.
Transcript: Joe Biden\u2019s inauguration speech https://t.co/YmDAUFX99M
— The Washington Post (@washingtonpost) January 20, 2021
THREAD: There has been a lot of criticism levied against @BernieSanders recently following his comment about "working within the context of what Biden wants" as Chairman of the Senate Budget Committee. This thread will explore why this really isn't all that surprising.
Over the last 20+ years, Bernie has endorsed every establishment Democrat running for President: Bill Clinton, Gore, Kerry, Obama, Hillary, and most recently, Biden. These candidates and what they represent largely contradict much of what Bernie says he stands for.
Chris Hedges theorized in 2015: "...All that energy and all of that money goes back into the Democratic party. [Bernie] functions as a sheepdog to corral progressives, left-leaning progressives, back into the embrace of the Democratic
Bernie's foreign policy positions are also telling. While he *did* vote against the US invasion of Iraq, he still voted to fund it once underway, & also backed the US bombing of Kosovo, US sanctions against Iran & Libya, & the Iraqi Liberation Act of
Bernie called closing the torturous gulag at Guantanamo a "complicated issue" and supported a proposal in 2009 to "prohibit funding to transfer, release, or incarcerate detainees detained at Guantanamo Bay, Cuba, to or within the United States."
https://t.co/4p64SgeD1x
Over the last 20+ years, Bernie has endorsed every establishment Democrat running for President: Bill Clinton, Gore, Kerry, Obama, Hillary, and most recently, Biden. These candidates and what they represent largely contradict much of what Bernie says he stands for.
Chris Hedges theorized in 2015: "...All that energy and all of that money goes back into the Democratic party. [Bernie] functions as a sheepdog to corral progressives, left-leaning progressives, back into the embrace of the Democratic
Bernie's foreign policy positions are also telling. While he *did* vote against the US invasion of Iraq, he still voted to fund it once underway, & also backed the US bombing of Kosovo, US sanctions against Iran & Libya, & the Iraqi Liberation Act of
Bernie called closing the torturous gulag at Guantanamo a "complicated issue" and supported a proposal in 2009 to "prohibit funding to transfer, release, or incarcerate detainees detained at Guantanamo Bay, Cuba, to or within the United States."
https://t.co/4p64SgeD1x
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
