> I prefer my economic takes from economists, or people who actually study these things.
Keynesian economists and now mmt advocates are the reason that most of the productivity gains of the last hundred years have ended up in the hands of a few hundred people while most struggle.
I'd say it's high time to stop listening to these people who are nothing more than useful idiots of the elites.
"Pretty much every country" couldn't possibly employ "mmt practice" - a significant number of countries don't have sovereign currencies. That's ignoring the fact that MMT is descriptive rather than prescriptive, it doesn't have practices, it is a theory used to describe how a modern economy with sovereign fiat currency works.
I said developed country which is a pretty major distinction. Maybe my definition is off but it appears to prescribe the printing of currency which is consistent with what we've seen in most major economies and low and behold - we have rising inflation and wealth inequality.
Most of Europe doesn't fit in with your idea of "developed countries" though. Printing currency in order to have more money is as old as currency itself, what does that have to do with MMT? Give me a citation or quote where someone is advocating just printing more money as the MMT solution to anything.
But MLK also talks about moral obligation and not other forms of obligation.
He was not trying to create a free for all where everyone gets to decide which laws are okay or not, because he (and jefferson) were not complete morons.
> Considering that his rhetoric was very much based on Christianity, it's clear what standard of "unjust" he was applying.
Considering the diversity of standards of justice within the history of Christianity (which, in just the US, includes—relevant to this topic—MLK, sure, but also the Southern Baptist Convention, founded explicitly in support of slavery), I don't know that having rhetoric grounded in Christian theology tells much of substance about the standard of justice one is appealing to.
Touche, however there is plenty of evidence of people throughout history making this assertion, including MLK.
He was trying to create a more just, egalitarian society. I don't understand how you can consider acting in accordance with leading research on successful drug policy "moronic"?
Is it unjust to prohibit the sale of illegal drugs, weapons, etc.? Society has good reasons for regulating certain goods. I regularly see people in my community who are enslaved by fentanyl and I wouldn’t wish it on my worst enemy. The society I live in decided to make selling it illegal. What is unjust about that?
As I recall weapons weren't permitted on the platform.
The society didn't decide, the ruling class decided to use drug policy to attack their own citizens.
History shows that prohibition is an abject failure. The fent epidemic is symptomatic of this failed policy.
If they actually cared about the epidemic, addicts would have access to regulated, pharmaceutical grade heroin whilst also having ready access to treatment.
But then we'd have empty prisons and the police would be free to solve real crimes so we can't have that.
> addicts would have access to regulated, pharmaceutical grade heroin
We tried that, it was called the opioid epidemic and Purdue was the pharmacist. We had readily available, doctor-prescribed, high quality narcotics available to anyone who wanted them and the result was an epic disaster that cost thousands of lives.
>We tried that, it was called the opioid epidemic and Purdue was the pharmacist.
Not really, this was a case of a private company deliberately pushing narcotics for profit without oversight or any associated increase in access to treatment options.
Now the "opioid epidemic" has been replaced with a "fentanyl epidemic" which is objectively a much more dangerous drug with absolutely no regulation and murderous cartels instead of doctors - and we're still throwing people in prison for the crime of being addicts rather than treating it as a medical issue.
I don't know the stats (or if it's even possible to accurately collect statistics due to prohibition) but I'm fairly certain this costs more lives than the short lived opioid epidemic.
Is Trump pushing for broad drug decriminalisation? I feel like that would be necessary for this pardon to make sense on the basis of current drug laws being unjust.
Wasn't he also continuously complaining about how mexicans are importing all the drugs to the US (whether or not that statement is even factually correct)? He also recently designated drug cartels as terrorists. So all in all I wouldn't say he is for the decriminalisation of drugs.
Not exactly, fentanyl epidemic was specifically started by one family seek profit and ousted doctors to over prescribe it while claiming it was mildly addictive.
The war on drugs have caused immeasurable harm due to failure to understand most people use drugs either as escapism or as a tendency.
There are healthier middle grounds we could explore where e.g. advertisements are banned and individuals could register themselves as being banned from participating in certain addictive vices because they don't consistently have the willpower to quit or don't want to tempt fate trying it (and make it a crime to sell to an individual who has voluntarily banned themselves), but it's hard to argue that The War on Drugs has been in any way just.
I expect in such a society, certain groups (e.g. Mormons) would normalize banning yourself from vices the day you turn 18.
What is just is decided both by an individual and the society they exist in. "It is one's moral obligation to fight injustice" is a pretty common tenent to hold. Injustice can be city laws encouraging anti-homeless spikes. Injustice can also be genocide in a remote country. Those injustices get fought in very different ways. One can be handled by individual vigilanteeism and peacefully petitioning local governance. The other might require global war.
In my personal belief, everyone[0] has the right and moral obligation to fight the injustice they care about at the level they can manage. If that's handing out water at the protest or inventing penicillin, do what you personally can do to improve the world.
[0]the average layperson, obvious exceptions for power/money apply
Sure, but the facts matter. Making millions of dollars by operating a marketplace for illegal drugs is not even close to the same ballpark as protesting a draconian anti-homeless law, let alone resisting genocide!
The only reasonable argument for drug legalization, in my opinion, is the libertarian one - the idea that you should be free to take the drugs you want to take. I am sympathetic to this argument. I am someone who is able to make wise decisions about the drugs I take. But I also recognize that millions of my fellow citizens are not. The harm to society from drug addiction and overdoses outweighs the benefit to me getting high whenever I want.
I mean strictly speaking the people voted for Trump, so collectively they're all okay with this.
Of course Trump's platform was enormously based on law & order and combatting the drug trade, which he seems to think should still be actually illegal and is not ending the war on drugs so, I don't know - make of that what you will.
Maybe Thoreau? That's more authentic and gets at similar themes. On more than one level considering his circumstances and run-ins with law enforcement.
”Under a government which imprisons any unjustly, the true place for a just man is also a prison."
But there were also abolitionists at the time, even amongst that class. Jefferson not being among them does, actually, diminish his standing and his views on justice. This quote, for example, does not acknowledge that there are also laws which are unjust to obey; such as the owning of human beings in chattel slavery.
Jefferson did, certainly. He was instrumental in starting a war from what I understand.
Ross though? The government alleged it but never bothered to prove it. Furthermore the government agents involved were laughably corrupt, so anything they alleged needs to be taken with a massive grain of salt. For all anybody here know, they fabricated the entire assassination story to distract the public from their plot to loot Ross's money (which unlike the assassination stuff, has been proven in court.)
It was not entrapment. There is mention of undercover purchases and a controlled delivery by law enforcement, but these are not entrapment. Most of the evidence came from his own laptop.
It was entrapment because federal agents posing as crime bosses were threatening Ross that if he didn't hire the hitman there would be serious consequences. He was manipulated and forced into the position he was in.
This is not necessarily true. In Burdick v. United States it does say "an imputation of guilt and acceptance of a confession of it" but there is debate about whether it is binding of not.
Apparently, there is something in Lorance v. Commandant, U.S. Disciplinary Barracks that indicates that accepting a pardon does not imply guilt, but I am not very knowledge on that.
Yes the FBI had root or admin access to the Silk Road system and could have very easily changed or otherwise affected logs/record IDs that the technical case rested on. Two of the FBI agents on the case were later punished for corruption on the case.
Absolute no brainer, he should be celebrated. Countless lives were saved via the harm reduction effect of a peer reviewed, reputation based platform. Of course if we had less draconian drug policy, it wouldn't be necessary but here we are.
> Countless lives were saved via the harm reduction effect of a peer reviewed, reputation based platform.
The basic immorality/pointlessness of the war on drugs aside, I don't know how you can assert this: it's not like there's a chain of provenance, and there's no particular guarantee that whatever grade of pure drugs was sold on Silk Road is the same purity that ended up in peoples' bodies.
My understanding of the Silk Road case is that, at its peak, it was servicing a significant portion of the international drug market. The dimensions of that market include adulteration; Silk Road almost certainly didn't change that.
Anecdotally, Planet Money looked into this years ago and their reporting was that as far as they could tell, drugs on Silk Road weren't less safe than street drugs. Most of them were likely "fell off the truck" samples from the original manufacturers being sold by people with an in on the supply, but no otherwise-easy access to an out on the demand.
Their observation was that reputation mattered on SR a lot and a well-kept reputation was valuable at scale in a way that it isn't for being a street-corner pusher looking to stretch your buck by cutting your supply with adulterants. The smart play was to provide a high-quality product at a reasonable price (the latter being the easiest part since they were bypassing the obscene markup of official channels).
> Anecdotally, Planet Money looked into this years ago and their reporting was that as far as they could tell, drugs on Silk Road weren't less safe than street drugs.
Yeah, I'm not saying they're less safe. In fact, on average, I'm willing to bet that the drugs sold on Silk Road were much safer than their street equivalents.
My point was about large sales: Silk Road moved not just personal drug sales, but also industrial quantities of drugs that were almost certainly re-sold. Those latter sales are impossible to track and (by volume) almost certainly represent the majority of "doses" sold through SR. Given that, I doubt the OP's assertion that SR itself represents a particularly effective form of harm reduction.
Or as another framing: SR gave tech dorks a way to buy cheap, clean drugs. But those aren't the people who really need harm reduction techniques; the ones who do are still buying adulterated drugs, which are derived from the cheap, clean drugs on SR.
You shouldn't assume that all "street transfers" of drugs are peaceful or have a positive outcome for those involved. Harm reduction comes in many forms.
I'm pretty sure my comment says the exact opposite. I'm saying that SR was a massive operation that fueled street traffic, which in turn lacked any of the harm reduction virtues that SR is being assigned.
I'm pointing to the transaction layer. When you get thousands of dollars and product in a room with people you don't know things can get extremely unprofessional very quickly. It's really fun when you discover that most of the currency is counterfeit which happens more than you think.
What you say is also true. So there is a trade here. I'm not claiming it's "worth it," but the alternative without SR at all does seem to be more negative.
The overwhelming majority of drug sales are for personal use. That doesn't mean that large sales weren't made, or that those weren't in fact a significant portion of the site's revenue.
>it's not like there's a chain of provenance, and there's no particular guarantee that whatever grade of pure drugs was sold on Silk Road is the same purity that ended up in peoples' bodies.
The fact that the majority of listings on the site were for personal use quantities suggests that the majority of sales were to end users rather than traffickers.
It's hard to dispute that this saved lives and I would speculate that it saved many lives.
>That doesn't mean that large sales weren't made, or that those weren't in fact a significant portion of the site's revenue.
Nobody made any claim that large sales weren't made, of course they were.
> It's hard to dispute that this saved lives and I would speculate that it saved many lives.
See below; the observation is that the people who were buying individual quantities of drugs from SR were not at serious risk of harm in the first place, relative to typical at-risk populations. Anecdotally, the people I know who bought drugs from SR during its heydey were very much test-everything-twice types.
By contrast, the large sales that SR facilitated almost certainly ended up in street drug markets, where harm reduction would have made a difference. But those people didn't benefit from SR's community standards, insofar as they existed: they got whatever adulterated product made it to them.
This is the basic error in saying "most sales were small": the big sales are what matter, socially speaking.
No no no, he is right. Its safe because if you receive a bad batch of drugs you can leave a negative review on the page of the drug cartel that has your name and address, no chance of that having any repercussions for you at all.
even if its not perfect for every situation it was a lot better then what existed.
negative reviews aren't the only review, absence of positive reviews is a signal, along with a lot of other positive reviews. later markets at least had reviews outside the markets too
if you are in the bulk and resale drug market you probably aren't getting package with your name on it to your home.
Yup. Drugs and the accompanying business disputes (there's a reason street dealers are armed or have armed people around) that would be normal in any other industry are sooo many people's (who would other wise not be violent criminals) entry point to violence. Letting parties remain at arms length yet transact successfully is such a huge step forward compared the prior status quo. Anything that gets buyers and sellers (either at the retail or distribution level) in illegal industries farther from each other is a win as far as I care.
As well as online drug marketplaces? Or would running one without legal trouble require a campaign-contribution booster pack?
What a beautiful political anschluss between people who just want to ban contraceptives and abortifacients, and people who just want to shoot up heroin. Not sure how you square that circle[1], but it's 2025, and here we are.
It's very telling about libertarian priorities when a cryptobro running an online drug marketplace who tried to hire a hitman gets amnesty, while hundreds of thousands of people who have been convicted of drug possession[1] do not. Likewise, somehow reproductive rights are just not a libertarian issue, either. It's not a party of freedom, it's a party of freedom for wealthy men.
[1] Biden gave a blanket pardon for people convicted of marijuana posession, but that's far less important for libertarians than Ulbricht.
I think most libertarians are against the war on drugs and would happily pardon or commute the sentences of non violent drug offenders, but the DPR probably takes priority for them because of the free trade issue compounded with the popularization of a non state-backed currency.
He has both drugs + crypto vs just drugs. *Ignoring the accusations of hit ordering, which I would imagine all librarians cannot excuse.
If they are actually trying to maximize any kind of public welfare utility function, surely commutations and pardons and decriminalization and harm reduction for hundreds of thousands and millions of people, and body autonomy for hundreds of millions more should mean a wee bit more than this entirely transactional act.
What's the best way to set up port knocking on a Fedora / Debian server? While not a security measure per se, it adds a layer of obfuscation which blocks random scanners.
That. You can spend money to save money in the long run. Just buy the house instead of having to pay for mortgage. Invest it so that it’s generating money while you do nothing. Many things only accessible if you already have money.
> You can spend money to save money in the long run. Just buy the house instead of having to pay for mortgage. Invest it so that it’s generating money while you do nothing.
It's all about opportunity costs.
If the interest on your mortgage pays less than you can get in eg the stock market, you are better off not paying your mortgage. (Ignoring fees and taxes for a moment.)
Yes, that theory was never very convincing to me. I grew up on welfare and now make software developer money. I can tell you that I definitely spend more on shoes now, even if they last longer.
Yes, a rich person and a poor person could try to buy the same items and the rich person might be able to buy them cheaper. But: first, when you have more money you generally want to buy nicer stuff, and the bang-for-buck generally goes down. Nicer shoes might cost twice as much, but they are perhaps twenty percent better. (And that's worth it for well-off people!)
Second, you can save a lot of money if you are willing to invest some time. From DIY or just generally shopping around. But: rich people's time is more expensive, even if just by opportunity costs.
From the Wikipedia article:
> In June 2024, the National Bureau of Economic Research from USA published a working paper expanding on the ONS findings, showing that cheapflation, a term the authors coined, is a global phenomenon:[21] "prices of cheaper goods increased at a faster rate than those of more expensive varieties of the same product",[22] thus placing a higher financial burden on poor people.
Funny enough, this observation is perfectly compatible with the notion that everyone, including poorer people, got richer over time as the economy grew, and so the cheapest and nastiest goods were removed from the market. The cheapest most basic TV you can buy today is miles better than what you could buy in the 1970s for example.
> But: first, when you have more money you generally want to buy nicer stuff, and the bang-for-buck generally goes down.
This isn't necessarily a fact of human nature, this is just an extension of Greed.
There is an inflection point, where the price of a good is minimized whereas it's quality and lifespan is maximized. Such an inflection point is somewhat high - meaning it cannot be reached by poor people.
Sometimes people cannot be satisfied, and they will go well past the inflection point. Such behavior is, of course, completely optional and almost always self-destructive.
Sure, a Birkin might be pretty, but really any decently made leather bag will run circles around what you can find at Target. The Birkin isn't bought for quality.
> There is an inflection point, where the price of a good is minimized whereas it's quality and lifespan is maximized. Such an inflection point is somewhat high - meaning it cannot be reached by poor people.
You say that as if it's universally true of all goods.
Btw, finance is one way to transform cap-ex into op-ex. That's why we have mortgages and you can rent things.
> Sure, a Birkin might be pretty, but really any decently made leather bag will run circles around what you can find at Target. The Birkin isn't bought for quality.
That's why you don't buy a leather bag when you are poor and have your wits about you. Leather is expensive. Not just absolutely, but also per use of your bag.
Theres a reason why they put a microphone in every single Internet connected device they can, even when it serves little purpose. My remote has a mic ffs, not to mention oddly specific ads after certain conversations.
Why would you think it's going to ever get better? The whole economy is set up to make the problem worse indefinitely. Wealth disparity and poverty are features not bugs.
Keynesian economists and now mmt advocates are the reason that most of the productivity gains of the last hundred years have ended up in the hands of a few hundred people while most struggle.
I'd say it's high time to stop listening to these people who are nothing more than useful idiots of the elites.