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“End the ‘priesthood’ of experts and other commentary” Science watch: End the ‘Priesthood’ of Experts “A problem arises,” notes Jeffrey A. Singer at Reason, when some experts “exert outsized influence over the opinions of other experts” and so “establish an orthodoxy enforced by a priesthood.” The pandemic “provided many examples,” on kids’ risk from the…
“Beware of a looming stock-market turn that could sock the economy” John Maynard Keynes, the great English economist, was highly critical of the stock market’s casino-like behavior in his time. He likened investors to those who entered a newspaper competition to choose the six photographs out of a hundred that popular opinion thought to be…
” Ted Cruz introduces companion to Emmer’s bill to exclude Fed retail CBDC digital currency issue “ Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced…
” Biden’s Fed picks are likely headed to Senate vote after partisan delay “ The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers. In a 50–49 vote on Tuesday, the Senate moved economist Lisa Cook’s nomination for governor in the Federal Reserve System…
” Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism “ Janet Yellen, the 78th United States Secretary of the Treasury, spoke Friday morning on CNBC’s flagship business and politics show Squawk Box, on an array of topics from the growth of the renewable energy sector amid Russia’s economic isolation, the rising levels of inflation…
” Here’s why Bitcoin bulls will defend $42K ahead of Friday’s $3.3B BTC options expiry “ Over the past two months, Bitcoin (BTC) has respected an ascending triangle formation, bouncing multiple times from its support and resistance lines. While this might sound like a positive, the price is still down 11% year-to-date. As a comparison,…
“Powell admits Fed has inflation problem that needs aggressive action” Federal Reserve Chair Jerome Powell spooked investors Monday with an admission that the central bank has an inflation problem that could require an even more aggressive approach to tamp down inflation than previously expected. US stocks fell after Powell said the central bank would move…
” Law Decoded: Arab States of the Gulf open up to digital asset services, March 14–21 “ Last week got off to an antsy start as the clause that many interpreted as a direct route to ban proof-of-work-(PoW)-based cryptocurrencies made a sudden comeback to the draft of the European Union’s key directive on digital assets….
“Times’ laptop flip reveals its bias and other commentary” Libertarian: Times’ Laptop Flip Reveals Its Bias If the recent New York Times story on Hunter Biden’s laptop “sounds familiar,” writes Jacob Sullum at Reason, “it’s because the New York Post first reported this eyebrow-raising information back in October 2020.” That story was greeted with “skepticism…
” ETH derivatives show pro traders are worried about Ethereum’s $2.5K support “ Ether (ETH) investors are having a rough time in 2022, with ETH accumulating 25% losses year-to-date as of March 17. Still, the cryptocurrency has bounced multiple times near $2,500 over the past couple of months, signaling a solid support level. Ether/USD price…