FT: ““The only positive I see from the games getting banned is that Indian studios have started developing battle royale,” Anurag Khurana, a veteran executive and founder of esports company Penta, said. “The biggest negative thing is that the foreign publishers are afraid to make investments in India — they don’t know whether their game might get banned.”
Cato: “Central bankers need a clear guide to monetary policy—and that guide can’t be the price of credit, which should be determined in free capital markets, not by government officials. Most importantly, in a pure fiat money regime, there needs to be a credible, transparent rule for the conduct of monetary policy that ensures stable money—that is, a rule that prevents stop‐go policy and preserves, as much as possible, monetary equilibrium…In a fiat monetary regime characterized by discretionary government management, the likelihood of monetary disorder increases compared to a rules‐based regime. The Fed and Congress need to listen to those who propose monetary alternatives based on rules rather than discretion. Attention should turn away from the day‐to‐day operation of the Fed and focus on fundamental guiding principles and learning from past mistakes.”
Howard Schultz: “Sometimes you need to look much deeper, even when the company is financially performing well, as to what’s behind the curtain.”
Samuel Gregg: “But those living in a society in which economic security is generally prioritized over liberty, and where the state is considered the primary institution responsible for securing such security, are more likely to trade off various economic liberties in return for economic security via the government – the long-term price being gradual stagnation.” [via CafeHayek] Adds Donald Boudreaux: “A great deal of government intervention is aimed at increasing the public’s satisfaction today with little or no regard for the consequences of these interventions tomorrow. The political impulse is to protect today’s jobs despite the consequent negative impact on creating better jobs tomorrow. It is to keep inflation going for another day despite the accumulating damage that cannot avoid being paid tomorrow. It is to use antitrust to break-up or otherwise obstruct successful firms today despite the resulting negative impact on industrial structures and practices tomorrow. It is to fund spending today with debt that must be repaid tomorrow…If I can drink all I want this evening knowing that the resulting hangover will be suffered, not by me, but by strangers – and, further, by strangers who are unlikely to hold me accountable for their nausea and headaches – then pour me another, and keep ’em coming!”
Michael Munger: “We all say we admire honesty. But whenever we actually have to choose, we pick the person who tells us what we want to hear. In economic policy, especially, that means that we can get hurt, when we pick promises over prudence…We ignore people who (rightly) point out that simple solutions to political and economic problems make things worse, not better. We vote for, and reward, charlatans who pretend to know the answers, and zealots who actually believe their own superficial galimatias. Ultimately, it’s a collective action problem: it would be better for society if our leaders were humble and honest about how little they actually know. But it’s better for the candidates for leadership if they pretend to be committed to a whole dog’s breakfast of truths that just ain’t so.”
Watched: Kantara (Hindi version) and Avatar: The Way of Water. Liked both.
