A Permanent Wartime Economy

A Permanent Wartime Economy

This is the argument for more money printing, and perhaps unlimited money printing, recently advanced by Professor Mariana Mazzucato on prime-time BBC.

Conspiracy Theories Become Conspiracy Facts

Conspiracy Theories Become Conspiracy Facts

At first slowly but in recent weeks with seemingly gathering pace, two trends have emerged. On the one hand, many of the core claims behind lockdowns, masks, and vaccines are unravelling and the prevailing narrative has been in retreat on all three fronts. But there is still a long way to go, as indicated by the cussed refusal of the Biden administration to let Novak Djokovic play at Indian Wells.

Alert — If You Trade Crypto On Binance, Consider Yourself Warned

Alert — If You Trade Crypto On Binance Consider Yourself Warned

Late last year, as crypto markets were struggling to regain their footing, the world’s biggest cryptocurrency exchange quietly moved $1.8 billion of collateral meant to back its customers’ stablecoins, putting the assets to other undisclosed uses. They did this without informing their customers. According to blockchain data examined by Forbes, from August 17 to early December–about the same time FTX was imploding–holders of more than $1 billion of crypto known as B-peg USDC tokens were left with no collateral for instruments that Binance claimed would be 100% backed by whichever token they were pegged to. B-peg USDC tokens are digital replicas of USDC, a dollar-pegged stablecoin issued by Boston-based Circle Financial, that exist on blockchains not supported by the firm such as Binance’s proprietary Binance Smart Chain. Each stablecoin is worth one U.S. dollar.

Jet Passenger Killed By Severe Turbulence

Jet Passenger Killed By Severe Turbulence

A business jet that departed a small New England airport Friday afternoon was buffeted by severe turbulence, killing a passenger and forcing the aircraft to divert to Bradley International Airport, officials said Saturday.