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Rare clarity
An economist on Yahoo Finance just now provided a rare bit of clarity, breaking through the fog generated by both “sides”. Semi-quoting: In 2008 FDIC backstopped all transaction accounts, in other words shadow banking. This was deeply unpopular, so Congress took away FDIC’s authority to backstop shadows. What happened last week was not an exception…
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Those three ancient words again
Continuing from the ‘irrelevant’ part of previous item, and tying it back to the more relevant discussion of the three traditional segments of Intellectual Property. = = = = = START REHASH: Recently the ancient word usufruct popped into my ancient head for no reason. I realized that I didn’t know its exact meaning so…
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Audits and edits
FDIC is like an insurance company, but one crucial aspect of real insurance is missing. Real insurers can raise rates or halt coverage for a driver who has accidents, or a business that allows too many thefts, or a homeowner who allows methies to squat in his garage. Real insurers, especially at the business level,…
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Returning to Elon and Twitter
I’ve tried and discarded a dozen hypotheses about Elon and Twitter. Here’s a new hypothesis. Deepstate, like pro wrestling, always creates a cartoon villain. The Official Good Guy and Official Bad Guy always do exactly the same evil deeds, but the evil deeds are Good when done by the Good Guy and Bad when done…
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Reprint on complex money
I’ve been talking loosely about real money vs imaginary money. I made the point more directly two years ago: = = = = = START REPRINT: An old thought leads to a new ‘data visualization’. Old thought: This is one of my Thiel questions, one of the relatively unknown facts I’ve figured out by reading…
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More carbon flip
This is getting interesting. The antivaxers are now the Gaians, following RFK Jr and worrying about toxic plastics and cheering Erin Brockovich. This is actually a return to their true OCD personality type. And Greta is flipping the other way. Last week she was protesting AGAINST windmills. Now she’s deleting her previous claims that the…
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More Shared Lies
The “independents” are missing the point as usual. OCKHAM! This is a classic Shared Lie, two sides arguing over an intentionally irrelevant point. FISA warrants are a meaningless entity. The FISA “court” ALWAYS ALWAYS ALWAYS gives permission to Deepstate, so the “court” is an unnecessary entity. You can factor it out and nothing will change.…
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Gosbank is the answer
Lots of pointless fingerpointing about the bank failures. R blames D for the ESG crap, D blames R for a deregulation during Trump. The ultimate cause is a total lack of discipline when money is free. Banks are supposed to be highly disciplined and controlled companies, regardless of external regulation. Danielle DiMartino, one of the…
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What lasts longest?
There’s no doubt that music came before speech. We’re part bird. What lasts longest in memory without dynamic refresh? Music. Just now I happened to read the phrase ‘little drops of water’. Immediately my internal jukebox selected and played: Little drops of water, little grains of sand, Build the mighty oceans, and the (something) land.…
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The power of a name
Reading a brief biography of Lavoisier in the 1901 volume of La Nature. The biography emphasizes the role of his wife Marie-Anne. Both were born rich, both were educated early and strongly to favor their own peculiar talents. Antoine’s father recognized that the family name would be best honored by letting Antoine serve science instead…
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Revolutionizing the Web!!!!!!!!!!!!!
Zuck is finally abandoning his idiotic Legless Metaverse shit and laying off all the employees. This was inevitable when the free money stopped. Is he refocusing on Facebook, trying to Ctrl-Z its interface to a previous form that was actually usable? No, of course not. Usable is CRIMETHINK. Improving a HUGE AND PROFITABLE BUSINESS is…
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π
π Day again! Since I’m talking typography lately, I’ll hash and rehash a couple items from 2019. = = = = = Thinking about Trump as Pied Piper. When the metaphor first appeared in those DNC emails I didn’t quite understand it. After learning that Trump is Roy Cohn’s protege, I understand it PRECISELY. Agents…
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AskedAnswered
Haven’t done these AskedAnswered things in a long time. This one just begged… Assessment: Titanic.
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I can see it now…
The Ankler is discussing the bank runs as a future movie….. I can see it now. It’s an Effective Life. Sammy as George Bailey. Caroline as Marian the Librarian. William MacAskill as Oddbody. Powell as the bartender: “This is a HARD BANK. We serve HARD MONEY to HARD MEN. We don’t want no Bitcoin Twinkies…
Polistra's Mill
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Polistra's Mill 