@nderi_j (Twitter)

Between 1933 & 1935, a series of events & actions culminated in default on U.S. sovereign debt & corresponding forced defaults on private debts. https://www.cato.org/cato-journal/fall-2018/american-default-untold-story-fdr-supreme-court-battle-over-gold-sebastian @CatoInstitute

I think software is properly capital and it has a very high required rate of return because it requires constant upgrades, support and obsolescence just to meet the objectives for which it was procured.. https://www.cato.org/cato-journal/fall-2018/capitalism-without-capital-rise-intangible-economy-jonathan-haskel-stian via @CatoInstitute

American Default: The Untold Story of FDR, the Supreme Court, and the Battle over Gold by Sebastian Edwards https://www.cato.org/cato-journal/fall-2018/american-default-untold-story-fdr-supreme-court-battle-over-gold-sebastian via @CatoInstitute