(no subject)

Now, I understand why libertarians, especially, of the Austrian flavor, cringe when they hear "intellectual property."

“...technology is viewed as being essentially a public good, freely available to anyone who wants some. The government provides it, through universities. It is to be thought of as being like ham radio, available to anyone who wants to tune in, in one famous analogy; like “manna from heaven,” in another. In old growth theory no further distinctions can be made. To speak of “intellectual property” in its terms would be as striking a contradiction as if one were to seek to describe a “private public good.” Untangling this paradox is what Romer’s work is all about.”

--- David Warsh. “Knowledge and the Wealth of Nations.”

Our near future

Fucking Moron (tm)

Когда рынок шел вверх из-за дефицитного финансирования экономики, трамповата, вслед за лживым хуйлом, гордилась собственными экономическими успехами. Теперь, когда рынок падает, трамповата, вслед за лживым хуйлом, озаботилась караваном беженцев на границе Мексики и Гватемалы.

A key worry for investors has been the U.S. budget deficit, which stands at its widest level in six years in the wake of tax cuts and other fiscal-stimulus measures enacted by the White House in 2017. Moody’s Investors Service expects the budget gap to grow to 8% of gross domestic product by 2028, from less than 4% now, further weakening the U.S. fiscal position.

https://www.wsj.com/articles/foreign-buying-of-u-s-treasurys-softens-unsettling-financial-markets-1540303515