Pompous, Yes; Arrogant, Yes; Stupid, No
At 8:45 the Pompous, Arrogant but not Stupid, Larry Summers explains why BitCoin is the next evolution in the payment system. Everyone will use it, why? Same as cash, “frictionless”…
What is money? The proper definition of money is something that functions as 1) a medium of exchange and 2) a store of value.
At 8:45 the Pompous, Arrogant but not Stupid, Larry Summers explains why BitCoin is the next evolution in the payment system. Everyone will use it, why? Same as cash, “frictionless”…
“I won’t go into a lot of detail but will list only some key concerns: the long-term fiscal and tax issues (driven mostly by healthcare and Social Security costs, as…
All that glisters is not gold; Often have you heard that told: Many a man his life hath sold But my outside to behold: Gilded tombs do worms enfold. Had…
We Have Been Thrown Under the Money Bridge The Emperor is always the last to learn that he is not wearing any clothes. America somehow thinks that September 11th, 2001…
Before graduation as a Marine Officer, membership in the Navy Federal Credit Union was required to pay for a $1,000’s worth of uniforms and sword – I really wanted the…
Cry not for Turkey – they didn’t get in the European Union, the Euro and a Greek like collapse. They joined the wrong side, the German side, the losing side…
“With your project and two more just like it, I’ll be an expert.” I designed the bank operations center for New Jersey National Bank, in Ewing Township which included lunch…
Where are the wheelbarrows? Every time in world economic history, when the government begins printing money exponentially the banknotes face value goes from one to a million, to a billion…