Iron law suggests even when an institution is sincerely committed to a belief, it cannot commit to acting on that belief at a rate higher than it can sustain without damage to itself. Which is rational. Why act to enable a future that you’ll die creating? https://www.jerrypournelle.com/reports/jerryp/iron.html …
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The market is more interesting than the White House. It’s among the fastest acting institutions ever created... once it gets the memo. The problem is it tends to get the memo only when actual financial damage starts to accrue. And it defends its rate limits the most strongly.
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"Economic liberalism" is racist since forever. E.g. the US constitution is racist. The "men" with "equal rights" in it were literally white rich people with property, and explicitly excluded slaves.
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