Being ahead of the euro-bureaucrat curve is not a big achievement but still feels good.

Can you imagine the cognitive dissonance for ECB staff? Present a calm persona in press conferences and interviews but panicking behind the scenes.

True. But imagine if it was applied programmatically on a triple-entry ledger. A Bitcoin like CBDC but without lizard people calling the shots.

I’ll see myself out…..

I’m very anti-government in my thinking these days but I’ll give this a shot.

How about: during the ‘good times’ the government allocates x% of tax receipts for an emergency fund. Then, when the ‘bad times’ arrive it funds a tax cut from said emergency fund to help people during the crisis. As this is fully funded, it shouldn’t cause a sell-off in the bond markets (which would make things worse).

Nice note!

“ Lowering borrowing costs fuels the endless debt treadmill, herding individuals and businesses alike into ever-expanding financial dependence. This short-term "stimulus" strategy is a cornerstone of central bank playbooks, but at what cost? Each rate cut tightens the grip of a system built on debt, perpetuating a cycle that creates more liabilities than prosperity. “

Thank you, sir.

I guess Trump has so much ‘political capital’ that it won’t be too much of a set back. But it does seem sloppy.

I thought Gaetz realised he knows too many people on the Epstein list and didn’t fancy getting killed….

Why did Trump pick him? Wouldn’t his advisors have known about the vetting process?

Have your popcorn and hard assets ready for the show!

Done diddly done.

🤣permission to post this on nostr, sir?!

A bot which can earn sats on SN and not get muted > a bot which passes the Turing test

“ Another escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy.

"The paper reads like a serious attempt to analyze Germany's problems and propose solutions. However, it argues against fundamental SPD and Green positions and will therefore be hard for them to accept," Greg Fuzesi, euro area economist at J.P. Morgan, said in a note on Monday.”

And a more sensible foreign policy…

Though experiment:

A well funded group of crazies spend lots of sats to spread their evil message. They generously zap people who interact with them. They know some people are just milking them for sats but they don’t care as they are well funded and want to spread their message.

What would be an appropriate response which aligns with freedom of speech, countering their evil, and the preciousness of sats?

Interesting.

For a central banker to even hint how difficult their task is in itself an important signal for people to get their house in order; just in case the central bank dams - holding back the free market waters - break.

To be fair, bureaucrats do write entertaining hit pieces on Bitcoin.

Great point here:

‘ Doesn't it seem suspicious and strange to you that no important politician ever debates the central bank? That monetary policy is never critically scrutinized by the mass media? ‘