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Cake day: June 13th, 2023

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  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.






  • From the original source:

    Board members Jacqueline Rosario and Gene Posca, who voted in the majority, were backed by Moms for Liberty during their campaigns, according to Treasure Coast Newspapers. The third “yes” vote came from Kevin McDonald, who was recently appointed by Gov. Ron DeSantis.

    “We are elected — I was appointed, vote of one — we are here to represent the parent’s decisions, and the school board is the final authority for our citizens,” McDonald said at last month’s meeting, explaining some of his disagreement with the book.

    “The title itself and the theme challenges our authority. And it even goes so far as to not only to mention books that are deemed inappropriate by school boards, including ours, it not only mentions them but it lists them.”

    These people are just caricatures of themselves.