government

Capitalism Makes No Sense

Capitalism Makes No Sense

Few things are so confusing as the term capitalism. The definition itself appears clear enough, with the Oxford Dictionaries saying it is “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than...

This is Your Security Force

They don't give a liquid shit about you or your family. I posted a note in this space a week or so ago from my sister begging people to stop hoarding (that is, stockpiling more than they need) the highest quality N95 masks that healthcare workers need desperately. But...

Sanctions Are Inhumane – Now, And Always

Asli U. Bali and Aziz Rana at Boston Review on the brutality of sanctions and why they must end. The current covid-19 pandemic has exposed the brutality of the economic sanctions imposed on the world by the U.S. government. This current crisis reveals all of Trump's...

Meet The New Boss – At The Fed

Jim Bianco at Bloomberg "The Fed will finance a special purpose vehicle (SPV) for each acronym to conduct these operations. The Treasury, using the Exchange Stabilization Fund, will make an equity investment in each SPV and be in a “first loss” position. What does...

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