For all those saying the banking system is just a giant ponzi, ponder this quote from Byrne Hobart of The Diff. Think long and hard about where weโd be as a society without credit creation through fractional reserve, despite its challenges
If nothing else, this current banking crisis is a great opportunity to learn about FDIC-insured bank accounts vs. money market funds (which are held in brokerage accounts insured by SIPC, not FDIC). Now is the perfect time to review your accounts to understand how you are positioned
I really donโt understand the โbring your whole self to workโ fad in corporate America. How about I just bring my work self to work? Thatโs what theyโre paying me for, right?
Best advice my mom ever gave me: โAlways assume people are doing the best they can with the information they have.โ
Worst advice my mom ever gave me: โPeople will continue to use Blackberries, not this silly new iPhone.โ
Matt Yglesias in peak form on #Medicaid work requirements:
โIf youโre imagining some horde of people getting off their asses in response to a work requirement and getting a job, youโre dreaming. Whatโs going to happen is some people with serious barriers to employment that would maybe qualify them for an exemption arenโt going to understand how to get the exemption and will lose their Medicaid. So Medicaid spending will be cut without anyone needing to stand up and say โwhat Iโm saying is I want poor people to lose their health insurance so if they get sick they go broke and then get treated at public expense anyway in the emergency room.โ