Matt Hogan

Here comes the Harvard professors shilling 3% inflation. "A higher target inflation rate has costs, especially the time and attention people spend trying to account for how much their current dollars will be worth in a year or 10. But a higher target also has the benefit of helping cushion the economy against severe recessions." It takes a tenured professor to think the main problem with inflation is trying to calculate how much your money's worth in 10 years 🤪

At its core, gambling is what economist Paul Samuelson described as a "sterile transfer." \8

Yet those benefits aren't always clear cut. A University of Chicago study found “no change in overall per capita income” from gambling legalization in the cases it studied. \5

Systemically important banks are picking up more crypto business as they see the growth trajectory of the industry. The failure of their smaller peers represents a moment of opportunity for them to grow their own business lines. nymag.com/intelligencer/2023…

Germany wants to force its power-hungry data centers to harness excess heat for warming residential homes — an effort which the industry warns is likely to fall flat trib.al/QGuoQzl

High-resolution satellite data pinpoints a methane cloud in Jordan that @ghgsat attributes to the waste sector. This image is part of an exclusive series of observations being published during the COP27 climate talks. This project is free to read trib.al/hwz1Ro5

Average hourly pay in America **adjusted for inflation** is -2.8% in the past year. Inflation has been eating up wage gains since April 2021 and shows little sign of significant easing.

"#Bitcoin is Time" by @dergigi dergigi.com/2021/01/14/bitco…

The state: From 2 weeks to flatten the curve to 87,000 IRS agents to flatten your savings.

Crypto firms like Celsius and Voyager pitched themselves as good alternatives to banks. Customers are learning the hard way that they weren’t. on.wsj.com/3cpq4Dx

Could a digital dollar be a cure for some of the United States’ financial instability? Some US federal researchers think so. A paper examining #CBDCs found that they would warn regulars of impending distress, allowing them to act more quickly. trib.al/6zXl4Tp

400. Even the mildest conservatism contains within it the tiny seed of fascism, and even the mildest progressivism the tiniest seed of communism. The success of a modern society depends on keeping these seeds from growing, since they can never be fully expunged.

Having an issue with your bank? Did your credit card company close your account without warning? Did an online merchant refuse to send your purchase after they took your money? Know your rights as a consumer! Learn more here: federalreserve.gov/faqs/cred… youtu.be/g1bHPx3ZXQY

Calling it like it is 🔥🔥🔥 @coryswan @BitcoinMagazine youtu.be/O0h4xhXkLnE

RT anon: “the funniest part about Texas is we have the fifth highest property tax rate in the nation, which is by definition unrealized capital gains, and everyone that can't do math thinks it's some kind of tax paradise”

Everything went perfectly for #Bitcoin over the past year. Non-stop positive media coverage, unprecedented advertising blitz, mega conferences, growing political support, celebrity endorsements, mainstream adoption, institutional investment, ETFs, NFTs, El Salvador, #inflation...

Just an absolute sense of lawlessness now in most of our cities. Wondering when people will tire of these foolish laws that allow the few to terrorize the many.

Peter Thiel speaking at Bitcoin 2022: Today all the gold in the world is worth $12 trillion, while global equities are worth $115 trillion. In 1980, the ratio was one-to-one, with all the gold in the world and global equities having the same value of $2.5 trillion.