Wentworth Cheswill’s Ride
by John Christian Herman
It’s only had about 15,000 views.
The rate at which money travels through the economy has been decreasing for decades as currency was increasingly deployed as an instrument of social control, rather than exchange facilitation. So, to avoid exposing the embarrassing truth the Federal Reserve Bank bean counters have decided to do away with the evidence. Another graph bites the dust.
The George Floyd Justice in Policing Act of 2020 is being considered in Congress. It aims, as does so much federal legislation, to use the string of dollars from the Treasury to exact promises of changed behavior from local government law enforcement practices, in this case.
Will it be effective? Localities that have independent audit functions can track compliance with contract requirements, but auditors have no enforcement powers. The citizenry must enforce. Continue reading
I am not sure conversion therapy would work. Simple restraint and monitoring communications are probably enough.