It was Mao Zedong that proclaimed, “Political power grows out of the barrel of a gun.” And, so do massive fortunes and grinding poverty. Case in point, Elon Musk, and his stable of companies built on the backs of taxpayers. Let’s take a look at SpaceX. My contention is that absent the oppressive powers of State governments, it is unclear whether this company would even … Continue reading What an Incredible Waste of F&#%ing Resources!
What do Bitcoin and Chuck E. Cheese’s have in common? A curious question, you might be thinking. But, a lot, Bitcoin and Chuck E. Cheese’s have a lot in common. A lot more in common than not, and much more than many realize. There are two very substantial difference we will address but, for 2017, it was another year, another record close for Bitcoin, and … Continue reading Bitcoin: Part I: An Introduction
There is a great animated movie, A Bug’s Life, a play on one of Aesop’s Fables, The Ant and the Grasshopper, which tells the story of a hard-working group of oppressed Ants and their oppressive “leaders”, the Grasshoppers. From time eternal, the Ants work hard every year growing food but when it comes time for the harvest they must set aside a substantial offering for … Continue reading A Bug’s Life: Crowding Out