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Cake day: June 20th, 2023

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  • There is a Planet Money (podcast) episode about this. It’s a fairly new economic theory, but actual PhD level economists have said this. Government prints money, and to bring down inflation they need to get taxes to reduce the amount of money in circulation, to control inflation. The epidsode was in the 2019 timeframe, I think.

    Something that absolutely works in the abstract, but kinda hard to fit into my current model of reality.



  • Apparently, the classification levels in the US are illegal! Snowden will rejoice, he can come home, as the first amendment allows free speech, even when it damages national security.

    I did not read the article, but the summary made me actually laugh out loud. Hell the supreme court has already said the government has the right to intern a whole class of US citizens based on national security. The SCOTUS rulings do seem rather crazy at times to me though, so perhaps this is a winning strategy for ByteDance.