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The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
Authored by Charles Hugh Smith via OfTwoMinds blog,
Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs.
In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners:
Those seeking to reduce their private risks and increase their private gains seek to concentrate the gains generated by control structures and distribute the risks and costs to...
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May 11, 2026 / Tyler Durden
American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins
American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins
American Bankers Association (ABA) CEO Rob Nichols sent an emergency Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act, days before a Senate Banking Committee markup scheduled for Thursday.
The letter, dated May 11 — Mother’s Day — and addressed to ABA member bank CEOs, asked bank leaders to contact their senators and mobilize their employees to do the same before...
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Aug 11, 2026 / Tyler Durden
Homeschool Families Are Pushing For High School Sports Participation
Homeschool Families Are Pushing For High School Sports Participation
Authored by Aaron Gifford via The Epoch Times,
Luke Cecchi watched from the bleachers as his friends and neighbors played varsity sports.
Illustration by The Epoch Times, Courtesy of Sherry Luke Photography, Courtesy of Luke Cecchi, Clemed/CC BY-SA 3.0
The homeschooled student from Cazenovia, New York, wasn't allowed to try out for the local high school soccer and basketball teams under a state law regulating scholastic athletics, even though his family paid thousands of dollars in property taxes to the local school district and...
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Oct 21, 2026 / Tyler Durden
META Erases Most Afterhours Gains After CFO Warns "Significant Investment" Will Raise Serving Costs
META Erases Most Afterhours Gains After CFO Warns "Significant Investment" Will Raise Serving Costs
Update: We concluded our prompt earnings wrap (below), by saying that the question now is whether Zuck will scare investors on the call by noting that capex may raise much more." Well, CFO Susan Li did not help the case saying that “Muse's compute intensity means that expanding its user base will require significant investment, and we expect total serving costs to rise. At the same time, we expect to improve compute cost efficiency by more than 10-fold...
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