Would I lie to you? .[embedded content]

 It's been evident for some years now that those selling risky crypto products to risk-averse investors like to have federal branding on their snake oil. Tether claimed to have 100% actual dollar backing for its stablecoin. Various exchanges and platforms claimed that customer deposits were FDIC insured. The New York Attorney General showed that Tether didn't have 100% dollar backing or anything like it. And now the FDIC has sent cease & desist orders to FTX, Voyager and several other...

Dale Coberly: Commentary on an article by Nancy Altman that I read yesterday: “Senator Warnock’s Re-Election Is a Victory for Social Security,” Portside, Nancy J. Altman. Nancy Altman wrote a pretty good book about Social Security [The Battle For Social Security (2005)] which I recommend. It’s readable and tells a story better than I can. In it, she explained the difference between worker paid insurance and welfare. And she told a story about...

Kind of beat today. I could not think of anything simple to write. What I have on my agenda to write requires some deep dives in the mechanisms of certain topics. I just don’t have the desire to dive deep. One issue I Have been closely watching Arizona Senator Primadonna Sinema who is just making things difficult. With 48 Dems and three independents, her ability to cause the twisting and turning of the entire Democratic party to appease her is...

Professor Steve Keen is an internationally recognized Economist. Described by Vox Day and Daniel Sanderson as "the greatest living economist," this video series is designed to bring out Steve's natural humility. Joined by regular guests Daniel Sanderson and Tyrone Keynes (Ty), the series will oscillate between friendly banter and economic excellence. WARNING: if you are a close-minded neoclassical economist, climate denier, or generally an angry person, this show is NOT for you....

I joined Nik Bhattia on the Bitcoin Layer podcast to discuss the outlook for the macroeconomy in 2023. This interview includes: 1) The general economic outlook for 2023 2) Why 2023 is likely to be a year of disinflation 3) Is the current environment more like 2008 or the 1970s? 4) How the current environment could evolve into more of a credit crisis 5) Portfolio strategies for navigating the next few years 6) How to assign allocations to stocks, bonds and other assets...

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Weekend combinatorics work problem (IV) When my daughter (who studies mathematics) and yours truly solve a combinatorics problem together it takes 12 minutes. If my daughter tries to solve the problem herself it takes her 10 minutes more than it takes when I solve it alone. How long does it take me to solve the problem?

“November producer prices: YoY measures mask recent sharp deceleration to mainly tolerable levels“  – by New Deal democrat Consumer prices for November won’t be reported until next Tuesday, but this morning we got the upstream producer prices. The news was mainly good, although not good enough to likely dissuade the Fed from its current course of interest rate hikes. This is one of those cases where YoY measures give a false picture in...

Having worked for Oscar Mayer buying food labels and packaging, this article caught my eye. Oscar Mayer is an old company and was left pretty much alone by its owners until Kraft got involved. A big time of the year was July 4th for hot dogs. The author is going to tell you the food labels on products are not looked at and reviewed. If he means “good until such” date. I am sure there is data backing it up. Somebody i Quality reviewed the data backing...