Good article! Sad that it seems Nigeria did not learn any lessons from India’s note replacement debacle some years back.
#[3] have you asked or have any of your guests spoken recently about what direction they except the Ripple case to go and what effect it will have in either direction?
Ahh. Thank you so much!! I kept going into my profile where you can copy the pubkey text and couldn’t find anything.
Or maybe only need to show a QR code as there could be an iOS URL handler to open pubkey encoded in URL with Damus? Thanx!!
Hi - Very sorry to piggyback my request but I’m new so no one sees what I post. Could there please be some way to show and read pubkeys as a QR code in Damus so folks can link up in the real?
As an interim I was thinking making a QR out of a vcard with my pubkey and having an iOS shortcut to it in my photos. Unless someone can think of a better idea.
Love Costa Rica. Monteverde is still one of the kewlest places I remember.
From what I read the Ripple decision comes out end of next month. After the LBRY decision it seems impossible to me that XRP will not be ruled a security. I assume shortly after they nail Ripple, enforcement letters will go out en-mass.
It’s not really a general news site but antiwar.com has been great for over 10 years. They’re one of the very few that came alive during the Bush years and did not sell out once the Obama Administration came into office.
The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money creation and lead to disinflationary demand destruction around the margins.
https://void.cat/d/LciK171UhVRj6yZuNHk2u7.webp
2) At high public debt levels, raising rates also increases federal interest expense, which increases the fiscal deficit, which is a source of ongoing inflationary stimulus into the economy.
https://void.cat/d/FX7vWUrUF4kiNidN1g5PQ3.webp
In the 1940s, inflation was fiscal-driven and public debt was high.
In the 1970s, inflation was mostly lending-driven and public debt was low.
Currently, the Fed is using a 1970s-style playbook to deal with 1940s-style fiscal-driven inflation.
I was thinking about this the other day. I wanted to know something like how much will interest expenses on the debt go up every quarter for the next few years assuming rates stay high and the duration mix stays the same. i.e. what does the cash flow pain curve look like for the next few years. Has anyone written about this?
Since I’m a newbie that’s pretty nice to hear. Sadly I think most folks are right. Success and dicks go hand in hand. Success in one hand, a dick in the other? There’s a good joke there somewhere but I’m butchering it :)