OF THE
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"One of the main functions of government is to create currency. And Bitcoin is successful only because of its potential for circumvention, lack of oversight. So it seems to me it ought to be outlawed. It doesn't serve any socially useful function."Consider the remarks Stiglitz made yesterday to our more detailed assessment along the same lines back in 2014. We wrote:
"The business writers at Reuters are also dead wrong on Bitcoin being like other currencies whose 'value depends on people's confidence in it.' Let's take the U.S. dollar. Backing the use of the U.S. dollar as a world currency is the following: a Congress made up of 435 Representatives in the House and 100 Senators in the Senate; 535 people elected from all over the United States who have the power to tax the income of every American receiving wage, dividend, interest or even Social Security income at whatever rate they see fit in order to pay the Nation's bills and debt obligations to other countries.

"The false statements involved mirror the false statements to White House officials which resulted in his resignation in February of this year," Cobb continued. "Nothing about the guilty plea or the charge implicates anyone other than Mr. Flynn. The conclusion of this phase of the Special Counsel's work demonstrates again that the Special Counsel is moving with all deliberate speed and clears the way for a prompt and reasonable conclusion".More of Flynn's statement, quoted partially above:
After over 33 years of military service to our country, including nearly five years in combat away from my family, and then my decision to continue to serve the United States, it has been extraordinarily painful to endure these many months of false accusations of "treason' and other outrageous acts.See also: Michael Flynn 'Guilty' Plea and the Entire 'Russia Collusion' Investigation is a Farce
Such false accusations are contrary to everything I have ever done and stood for.
But I recognize that the actions I acknowledged in court today were wrong, and, through my faith in God, I am working to set things right.
My guilty plea and agreement to cooperate with the Special Counsel's Office reflect a decision I made in the best interests of my family and of our country. I accept full responsibility for my actions.

Comment: The government elites' defiance of law, coverups and compromise of the justice system continue to protect them at the expense of innocent lives, exemplified by this tragic case of 30 years ago. It is the same today as then.