Daily Links
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“The harm is that we’ve lost a huge piece of history,” says Anne Weisman, a lawyer for CREW. Weisman estimated the total number of missing White House e-mails at “10 million-plus.”
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Instead, we have allowed the owners of those machines to define their purpose: not reduction of labor, but “higher productivity”—and with it the imperative to consume virtually everything that the machinery can possibly produce.
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Most of us are inclined to believe that government officials, doctors and the media are making an effort to tell us the truth. Actually, just like all marketers, they tell us a story.
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Hoenig added that “there is a significant risk that higher inflation will become embedded in the economy [as part of consumers “inflation psychology”] and require significant monetary policy tightening to reduce it.”
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Just as important as the inflation numbers is where investors and consumers think inflation is heading. This inflation psychology can cause people and investors to change their behavior, making high inflation a self-fulfilling prophecy.
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The law and its successor of 1892 also made necessary for the first time the modern machinery of immigration and residency control and documentation.
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