In Moscow this week, the Chinese and Russian leaders revealed their joint commitment to redesign the global order, an undertaking that has 'not been seen in 100 years.'
I’ve completely cut out gluten and dairy at this point except for when I eat them, which is often. They weren’t even that hard to eliminate, and I’d say the trick is still eating them daily. I’ve become way more mindful of what I’m putting into my body now, which is tons of gluten and dairy, all the time.
It’s something I’ve been trying for a while because I might have an intolerance, but honestly, since I started, I don’t feel any better at all, and I think it’s because I still eat gluten and dairy constantly. I guess I would say it’s been difficult at times not to indulge when the food is already in my mouth and sliding down my throat. Still, I understand the importance of treating my body like a temple, because we only get one body for this lifetime, and mine is full to the tits with cheese and bread.
Historians Naomi Oreskes (Harvard University) and Erik Conway (Caltech) talk to Rob about their just released book, The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market.
The three day Moscow summit signals China and Russia's commitment to each other and the vision of a new multipolar world.
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Your humble blogger has been saying that the new bank rescue scheme, which is a covert backstop of nearly all uninsured deposits, is a disastrous extension of government support to institutions that are welfare queens save for executive and manager pay levels. And the Fed may make banks’ “Heads I win, tails you lose” bet even bigger by announcing that all deposits will be guaranteed.
We’ve argued since the crisis that banking is the most heavily government subsidized industry, far outstripping the military-surveillance complex in the support it gets from the great unwashed public. Yet every time banks predictably drive themselves off the cliff, they get even more goodies, with virtually nada in the way of new restrictions or punishment of miscreants. The US is keen to perp walk Donald Trump, but not bank executives.
Narrow banking is a concept for a bank that holds 100% reserves against deposits. It attracts people who are deeply concerned about the symbolic content of “money” on both the left (e.g. Positive Money) and the free market right (the Chicago Plan). Devotees of narrow banking are happy to talk your ear off about how their plans work, so I leave finding out more as an exercise as a reader. I just want to focus on the core principle: they want banks to not take risks lending deposits, so that “money” remains “money”: a numeric entry that corresponds in a 1:1 fashion to a claim on a “monetary asset,” like a gold coin or claims on specific gold coins, and not a messy credit relation....