Why privatised power is awesome (or not)

This video gives a good account of what happens when a grid operated as a privatised auction minute to minute to provide power rather than centrally planned and operated system with reliability rather than profit as it’s overriding consideration faces adversity. Coming to a suburb in EZFKA sometime soon…

Fiat has value because the government has guns

I’ve seen the statement that fiat is valuable because the government says you have to use it and has a monopoly on violence to enable them to require you to do so as well as requiring you to pay taxes with it repeated so many times it clearly must have been presented as one of the commandments of economics by one of the prophets.

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A Ponzi of Ponzi’s?

I see the word Ponzi bandied about everywhere these days. Real Estate is a ponzi, crypto is a ponzi, fiat is the greatest ponzi of all. The debt ponzi. On and on. This seems to be based on a belief that all these things depend on a greater sucker coming along to pay you more … Read more