2026-05-29 11:27:36
Presenting the refreshed Chicago Plan for full-reserve banking, as per his 2012 paper, plus counter.
Simulations of the more robust response to economic shock after the transition to a full-reserve economy. Slightly lower tax rates (maybe 20% drop from current rates), and major >10% GDP gains after 10 years.
A long transition to manage, however, with 'aggressive' responses to inflation etc.
Raiders’ Tre Tucker Gets Blunt About Playing Rashid Shaheed Role https://heavy.com/sports/nfl/las-vegas-raiders/tre-tucker-blunt-rashid-shaheed-role/
FYI: CIBC banking is offline currently?
#canada #CIBC #networkoutage
I have been slowly moving away from US controlled tech, the remaining bits are ones I can't control really: banking payments, DK state ITs love affair with microsoft, apps needed to access state services.
And if someone can come up with a way to persuade teenagers this is cool. That would be nice.
Of course what the piece misses is the huge commercial reliance on the back end stack.
We desperately need #Eurostack.
https://fediscience.org/@Ruth_Mottram/116554305782688437
Ruth_Mottram - Life without US tech - https://giftarticle.ft.com/giftarticle/actions/redeem/e6d8cec7-b20c-4707-b963-88348726215a
The largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on (Wall Street Journal)
https://www.wsj.com/finance/banking/jpmorg
Raiders Land Strong Statement on Jalen Nailor Signing https://heavy.com/sports/nfl/las-vegas-raiders/strong-statement-jalen-nailor-signing/
Went to see Stuart Goldsmith doing his work in progress stand up show about the climate at the local theater.
He's a funny man and has a good friendly personality (or stage-persona at least I guess) and is terrified and anxious and angry about the way the people are treating the world without out even being their fault.
It's a good show, he's a good guy, you should go see him do it at Edinburgh or whenever he's in your town.
No action you can take as an individual really makes much difference to the end of the world stuff. You should be vegan perhaps, ethical banking perhaps. But really the only thing that works is mass social pressure, so talking about it is the best thing you can do. If you can't be vegan, at least say you are.
Perhaps telling everyone on linked-in to book him for their climate sessions is best he reckons 😆 but I don't do corporate social media at all really, so Mastodon and cross post to Bluesky is the best thing I can do perhaps.
Stu's a friend of a friend, we've met before. Don't think he recognized me sitting in the front row without context against the stage lights though. Maybe a little at the end with some context when he's rushing to get home.
Still love that Captain Pike hairdo.
#comedy #climate #stuGoldsmith #pleasance #london