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One Summer in America

Eliot Weinberger, 26 September 2019

... the lack of attention from guards’. He says: ‘I know you. You’re a father, you’re a man of faith. You can’t approve of that.’ Pence replies: ‘Well, no American, no American, should approve of this mass influx of people coming across our border.’ Pence claims that when he visited one camp ‘we spoke to cheerful children who were watching ...

When Bitcoin Grows Up

John Lanchester: What is Money?, 21 April 2016

... money whose value has been willed into being by the state. The value of fiat money is an act of faith. There are quirks to this. In the case of the pound coin, if we ask how much it’s worth, the answer is obvious: a pound is worth a pound. It shouldn’t be, though. According to the Royal Mint, which actually makes the stuff, 3 per cent of all pound coins ...

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