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Seemingly, it is possible for you to teach at least one of the new AI systems something, and perhaps they will repeat your teachings to other people who question them. This has interesting implications — positive and negative — which I may discuss in…
March 15, 2023
Article at #Monetary Sovereignty - Mitchell
Two of the most important economic realities are Monetary Sovereignty and Gap Psychology. Together these realities rule the U.S. government’s control of America’s economy — or they should rule if voters understood them. 1. Monetary Sovereignty tells…
March 11, 2023
Article at #Monetary Sovereignty - Mitchell
The Fox News’s Tucker Carlson: Consider the death of police officer Brian Sicknick. Now, we still don’t know exactly how Officer Sicknick died. We’re not certain that anyone does know. No one has explained it, but after reviewing the previously…
March 09, 2023
Article at #Monetary Sovereignty - Mitchell
Dollars exist, but in what form; who created them, and how? The uninformed may respond that dollars are pieces of green paper printed by the U.S. Treasury. That answer would be incorrect on every level. Those green pieces of paper are not dollars.…
March 02, 2023
Article at #Monetary Sovereignty - Mitchell
Self-evaluation corresponds with intelligence. If you are smart, being smart lets you understand that you are smart. If you are stupid, being stupid keeps you from knowing you are stupid. Thus, everyone thinks they are smart. In related issues,…
February 27, 2023
Article at #Monetary Sovereignty - Mitchell
Here is an easy way to detect economics bullshit: If someone tells you that U.S. federal government spending — any U.S. federal government spending — is “unsustainable” without explaining why, you can be sure that person is a liar or a fool. No…
February 24, 2023
Article at #Monetary Sovereignty - Mitchell
Almost exactly a year ago, we published “Cancel student loan debt?” It included the following points, which also were part of the post titled, “Free education for everyone” from February 9, 2017. Educating our young people is important to the future…
February 23, 2023
Article at #Monetary Sovereignty - Mitchell
The “Terminator” movie series provided a fictional, dystopian view of a world in which intelligent machines attempt to stamp out human life. Perhaps it is more prescient than you might believe. Here are excerpts from articles that should shake you…
February 20, 2023
Article at #Monetary Sovereignty - Mitchell
PRELUDE We’ll begin with the basics: To understand this article, you must understand the differences between a Monetarily Sovereign entity and one that is monetarily non-sovereign. Unlike state/local governments and euro governments, U.S. federal…
February 16, 2023
Article at #Monetary Sovereignty - Mitchell
We speculated on the fanciful notion that we humans may be one step in some grand scheme. (It’s all just fun and games but play along for a bit.) In this mythical (?) grand scheme, would our purpose be to serve as an interim species in a series of…
February 11, 2023
Article at #Monetary Sovereignty - Mitchell
We humans are among the latest in a long line of mostly extinct species on earth, and to the best of our knowledge, we are the smartest. But are we the final step, or are we just another interim species? Will we be replaced by an even smarter…
February 10, 2023
Article at #Monetary Sovereignty - Mitchell
The “ticking time bomb” is the federal debt that supposedly is so big as to be “unsustainable.” You remember. It’s the “bomb” that has been sustained for 84 years. If someone is wrong every year for 84 years, would you believe them? Unfortunately,…
February 07, 2023
Article at #Monetary Sovereignty - Mitchell
Debt-to-GDP Ratio: How High Is Too High? It Depends October 07, 2020, By Heather Hennerich How much federal debt is too much? Is there a tipping point at which it becomes a big problem for a country? One way to gauge the size of a country’s national…
February 03, 2023
Article at #Monetary Sovereignty - Mitchell
VERONIQUE DE RUGY is a contributing editor at Reason. She is a senior research fellow at the Mercatus Center at George Mason University. According to the 2017 Global Go To Think Tank Index Report (Think Tanks and Civil Societies Program, University…
January 27, 2023
Article at #Monetary Sovereignty - Mitchell
Word definitions change. Author Lewis Carrol, in “Through the Looking Glass,” wrote this dialog: “When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean — neither more nor less.’ ’The question is,’…
January 26, 2023
Article at #Monetary Sovereignty - Mitchell
If you know any anti-vaxxers, be sure to thank them for winning Darwin Awards., Their victories help improve the intelligence of the human species. Here are excerpts from an article that appeared in the February issue of Scientific American…
January 23, 2023
Article at #Monetary Sovereignty - Mitchell
The mouthpiece for the rich, the Committee for a Responsible Federal Budget, has a web site that says this: Social Security provides vital income security to millions of beneficiaries but is on a road toward insolvency. The Social Security program…
January 20, 2023
Article at #Monetary Sovereignty - Mitchell
Here is what former Federal Reserve Chairmen said when they were being honest: Ben Bernanke: “The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it…
January 20, 2023
Article at #Monetary Sovereignty - Mitchell
Readers of this blog are familiar with the “ticking time bomb” series; examples are here, here, here and elsewhere. The point of this endless series is that since 1939, the media, politicians, and economists have been wringing their hands about the…
January 18, 2023
Article at #Monetary Sovereignty - Mitchell
Who are America’s most dangerous people? What’s your opinion? You might be tempted to name the white supremacists who attacked Congress and attempted to overthrow the U.S. election. Had they succeeded, the America you know and love would be gone. Or…
January 13, 2023
Article at #Monetary Sovereignty - Mitchell