The article assesses the information as yet made available about Libra, including the implications for its exchangeability, scalability, privacy, and security. It is clear the design of the currency is yet to be finished, and many questions remain about its governance and structure.

This entry was posted in Currencies, Free markets and their discontents, Infrastructure, Payment system on August 29, 2019 by Lambert Strether.

The Sacrificial Rites of Capitalism We Don’t Talk About

How capitalism’s dominant narrative, that of self-interested competition, is at odds with other themes, like deferred gratification and sacrifice.

This entry was posted in Free markets and their discontents, Guest Post, Social values, The dismal science on August 29, 2019 by Yves Smith.

Bernie Sanders’ GND Plan Will Nationalize Power Generation in the U.S.

Sanders presents an ambitious plan.

This entry was posted in Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Guest Post, Politics, Social policy on August 27, 2019 by Yves Smith.

A National Public School ‘Leadership’ Disaster: Private Firms Vetting Candidates for Superintendent

How search firms engaged to find and vet candidates for public school superintendent regularly endorse individuals who have fabricated credentials and skeltons in their closets.

This entry was posted in Banana republic, Free markets and their discontents, Guest Post, Ridiculously obvious scams, Social policy on August 27, 2019 by Yves Smith.