That's comparing apples and oranges. One spent 10 years in a jail for making himself rich (and some others), the other never spent a day in a jail for committing at the highest level election subversion, retention of classified information, hush money payment (and more) - and was caught on the latter, eventually. It was arguably "exceptional prosecution" for that hush payment, like Al Capone was caught on a mere tax fraud
>One spent 10 years in a jail for making himself rich (and some others), the other never spent a day in a jail for committing at the highest level election subversion, retention of classified information, hush money payment (and more) - and was caught on the latter, eventually.
What an interpretation!
Another one might be: they tried to throw all kinds of things at Trump, and they all failed because they simply aren't true, until they managed to catch him on some triviality.
The fact that you "rule of law" people keep putting out accusations as if they were convictions, and insinuating people should be judged on these accusations is truly horrible for the system.
Grossly excessive sentences for non-victim crimes while letting rapists, murderers and corrupt politicians go free with at best a slap on the wrist, is why people are abandon your "holy religion" in droves
Never read it, but I watched its recent adaptation as a Strange New Worlds episode called Lift Us Where Suffering Cannot Reach, and if it's in any way representative of the source material, then I'd say the ethical problems there are nontrivial.
Money is not created through fractional reserve banking. Money is loaned into existence by commercial banks.
Similarly Coinbase can sell you coins which don't exist. Like a bank it doesn't have to make good on this IOU until you withdraw your funds.
It is fractional reserve banking which allows banks to loan money into existence, as long as their reserve is at least a certain fraction of their total loans. The alternative is full reserve banking, where banks aren't allowed to do that - or no-reserve banking I suppose...
Which with the volatility of Bitcoin puts them in a situation where they can underprice an asset if they loan it out. Bitcoin loaning is rather rare because of this.
This is just the same old keynesian fallacy. You can only consume if you produce. If we produce nothing it doesn't matter how much money we have. There is nothing to consume.
People say things to the effect of “if it is going to happen, it is already priced in” all the time, on HN even.
> All KNOWN future events are priced in.
There are no such thing as known future events. Market participants estimation of the likelihood of future events, weighted by inclination and capacity to invest, are priced in.
While that's a false comparison (there aren't lots of people trying to support their families by becoming my friend), bubbles are very real. Communities tend to be racially segregated and that leads to prejudice and discrimination.
Please be a little more receptive to stuff like this. Racism and sexism are social ills that affect the majority of people. It's worth your time to having a passing understanding of the major concepts.
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