Thin gruel for those of us who really want to believe in web3; people know local crime is an annoyance but think national crime is a crisis; Fred Clark is a more eloquent critic of Alasdair MacIntyre
Even at the time of Jutland, submarines had rendered surface fleets largely obsolete. The German strategy was to lure the British Fleet into range of their submarines.
By the time of WWII the usefulness of surface fleets was limited to areas beyond the reach of land-based aircraft, so the important action was between aircraft carriers. But as the range of aircraft and missiles has increased, the area in which surface ships can operate safely has sunk to zero, as the Black Sea Fleet has discovered.
That hasn't stopped the expenditure of vast amounts on navies that do nothing
It's really more the job of President and Congress to promote productivity. The most the Fed can do is avoid recession. The Fed cannot reduce the deficit, invest wisely, reform immigration or tax net emissions of CO2.
Even at the time of Jutland, submarines had rendered surface fleets largely obsolete. The German strategy was to lure the British Fleet into range of their submarines.
By the time of WWII the usefulness of surface fleets was limited to areas beyond the reach of land-based aircraft, so the important action was between aircraft carriers. But as the range of aircraft and missiles has increased, the area in which surface ships can operate safely has sunk to zero, as the Black Sea Fleet has discovered.
That hasn't stopped the expenditure of vast amounts on navies that do nothing
Stirling and Mathews:
It's really more the job of President and Congress to promote productivity. The most the Fed can do is avoid recession. The Fed cannot reduce the deficit, invest wisely, reform immigration or tax net emissions of CO2.
Let's just drop this in on general principles https://www.web3isgoinggreat.com for hygienic reasons.
:-)
As a native San Diegan, I just want to say how pleased I was to see Tony Gwynn mentioned in an econ blog post.
"Extremely/very serious" I don't know but it's worse in DC than nationally (most other major cities).