1,291 karma · joined February 12, 2012
If they really wanted that data, they could get it with their current capabilities. They don't really want that data; they want the legal precedent to compel companies to subvert their own security mechanisms, and they want to intimidate one of their harshest critics (Cook). That's part of their broader strategy; if we can compel you to break security you built, you build security you can't break. The next logical question is whether they can compel you to not build security mechanisms you cannot break in the first place. That's the legal question the FBI really wants to ask.
If you're cynical, you might think that this case is all about setting precedent and trying to scare one of the FBI's biggest opponents on the topic of data security (Cook). We know they have other options for cracking the phone in question (decapping, side channels, etc.). They want legal precedent for installing backdoors, and they want to scare Apple and other companies out of providing security features. No wonder those companies are hesitant to speak up.
Standing with Cook would be a good step for them but I'm not optimistic.
I don't think any respectable economist actually agrees with you on that. The increase in the monetary base during QE was paired with a collapse in the money multiplier. Most of that cash stayed in reserve at banks (see 'Repeat After Me: Banks Cannot And Do Not "Lend Out" Reserves'). Price inflation is nowhere in sight; inflation is below historic levels and even slightly below the Fed's inflation target.
As for the original question, the general idea seems to be eliminating most other forms of government welfare programs (TANF, SNAP, social security, etc.) since basic income will replace them, along with redistributive increases in income/capital gains/wealth taxes.
[1] https://www.reddit.com/r/NeutralPolitics/comments/41gqfe/is_...
[1] http://www.bloomberg.com/news/features/2016-01-20/2015-was-t...
The punchline is that basically every bubble that ever existed was characterized by new era thinking. Looking at it like a Bayesian, the presence of new era thinking is a high-confidence indicator that you're in a bubble.
Apparently the author was unable to break that habit.
[1] http://libertystreeteconomics.newyorkfed.org/2014/09/forecas... [2] https://github.com/FRBNY-DSGE/DSGE.jl
[1] http://www.federalreserve.gov/newsevents/press/monetary/2015...
Only in your tiny bubble. People seriously believe this?