Warren Gibson

GameStop, Bitcoin, and the Federal Debt

“The flash mobs, coordinated as they are by social media, have created disturbing and disruptive bubbles and may continue to do so. Bitcoin is probably not in a bubble. Above all, let’s not forget the ominous longer-term debt bubble.” ~ Warren C. Gibson

Dry Tinder at the Fed

“A more significant stash of dry tinder lurks in the Federal Reserve computers (hat tip: Cathie Wood). I refer to the reserves that commercial banks hold in their accounts at the Fed. At one time, they were required to hold balances equal to 10% of their demand deposit liabilities and were free to hold more—excess reserves. As banks chose to hold reserves far in excess of requirements, the Fed removed the nonbinding requirement. Bank reserves have risen above $3 trillion, nearly double the year-ago level.” ~ Warren Gibson

White Supremacy No, Enlightenment Superiority Yes

“Progress isn’t automatic, and worse, regress can happen. We must understand and promote Enlightenment ideas and practices: Reason, Science, Humanism and Progress.” ~ Warren C. Gibson

enlightenment

Trade Negotiations: A Fish Story

“A hands-off policy runs contrary to a politician’s every instinct. Every bone in their body tells them they must ‘do something’ to justify their votes and campaign contributions. They respond to the loudest voices, the fishermen in our example, and the deepest pockets. As always, the answer lies in improving our understanding of theory and history and applying our knowledge and communication skills to the issues of the day.” ~ Warren C. Gibson

UK Harbor

Profit and Loss and Mr. Biden

“Sound bites may be good for political harangues but they are never enough for true understanding. Dissing profits is misleading if no distinction is made between consumer-driven competitive profits and crony-capitalist ones, or if losses are overlooked.” ~ Warren C. Gibson

An Economics Lesson on the Ceiling

“Whether you are a student or a senior citizen, be curious about the physics, engineering, and economics behind the everyday devices and systems that you depend on so heavily and take so much for granted. Of course, there isn’t time to research everything but with so many resources now available online, you can reward yourself by learning something new every day.” ~ Warren C. Gibson

lights

The Dangers of National Service

“There is no acting entity called “the nation” to be served. The reality: what is called national service means doing the bidding of the particular politicians and bureaucrats who hold the reins, issue the orders and reap whatever sadistic satisfaction they gain from so doing.” ~ Warren Gibson

soldiers, marching

Will Social Security Go Bankrupt?

“Where are we now? Is Social Security going bankrupt? Not literally, since bankruptcy law does not apply to government agencies or programs. But it is unquestionably true that Social Security is headed for a fiscal calamity.” ~ Warren Gibson

Will Social Security Go Bankrupt?

The Ides of March, 2020: When Bank Regulation Failed

“When the rules make it impossible for a bank to make sound and reasonable acquisitions of new assets because they are up against their capital limits, things can go badly awry.” ~ Warren Gibson

Life Inside a Steel Trap

None of today’s prominent political figures is a thug on the scale of Rand’s Dr. Ferris, but the thugs are out there watching and waiting. Yet it’s not inevitable that the jaws will continue to tighten.