Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Friday, October 6, 2023

A Fool And His Money

 I remember telling my students back in 2021 that crypto was a scam and Elon Musk was not actually that smart. I think the crypto prediction proved pretty ironclad. Now, it looks like Musk might finally get some comeuppance. Either his bankers are going to repossess Twitter (and not a moment too soon, he's trashed the place) or the SEC is going to put him through some things.

Maybe that's why he's lurched to the right, despite owning a business that requires the goodwill of left of center customers. If he's a right wing troll, when the SEC comes for him he can yell "witch-hunt!" 

So hopefully his bankers repo Twitter and give it to people who know what the fuck they are doing. For all its many faults it's not been replicated.

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