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Modern Monetary Theory; Folie à deux — a shared delusion | Medium

Policy and business circles these days are buzzing around Modern Monetary Theory. The idea behind MMT is that the government can pay its bills by printing money. The effects of this policy undermine the effect of inflation and is a revolutionary way of understanding money, taxes, and the critical role of deficit spending. MMT redefines how resources are maximized for ... Read More »

Service Reflections: Veteran recalls being a teen in Vietnam War | Stars & Stripes Japan

Sgt Steve Bosworth, now a retired US Marine Corps, recalls his military service from 1967 to 1970 as a teen in his deployment during the Vietnam War. He said, “I believe Viet Nam instilled a chronic paranoia into my psyche. I now have what seems like a hard-wired compulsion to check and re-check my surroundings. I never trust the status ... Read More »

The “Vatican” of the Templars? | BBC Travel

Aside from the UNESCO heritage Convent of Christ in Portugal, another Templar site was preserved: The Church of Santa Maria do Olival in the city of Tomar. Built during the 13th century, it was a Gothic stone church that became the spiritual center of all Portuguese churches built overseas leading some to declare it the “Vatican” of the Templars. This Portuguese National ... Read More »

The reason these military helicopters are painted pink | We Are the Mighty

Medium-lift utility helicopters like the Sikorsky S-70 platform is one of the most popular and versatile aircraft used by the U.S. military and government agencies. Few of them stand out as they were painted with a fluorescent shade called shocking pink. These aircraft from outside agencies are assigned to battle fires especially with the extreme heat happening today. Aircraft identification ... Read More »

US 2020 election: Social media’s nightmare scenario | BBC News

Facebook chief Mark Zuckerberg has recently noted that he is worried about the possible election outcomes as people wait for all the mailed-in votes to be counted. “With our nation so divided and election results potentially taking days or even weeks to be finalized, there could be an increased risk of civil unrest across the country,” he stated. There could ... Read More »

California Marine unit set to receive first amphibious combat vehicle | Marine Corps Times

An eight-wheeled amphibious combat vehicle (ACV) produced by BAE will be delivered to the California Marine units in the next few months according to Marine Corps officials. It is set to replace the tracked amphibious assault vehicle that the Corps has been using since Vietnam. The first batch will go to a platoon of Marines with 3rd Assault Amphibian Battalion, 1st Marine Division. Source: https://www.marinecorpstimes.com/news/marine-corps-times/2020/09/22/first-marine-unit-set-to-receive-amphibious-combat-vehicle/ Read More »

Here is the surprise choice to become Germany’s standard assault rifle | The Drive

The German Defense Ministry is considering C.G Haenal’s rifle design over its long-time supplier Heckler & Koch on its Standard Assault Rifle. Haenel’s fully automatic AR-15/M4 patterned MK556 in a 5.56mm caliber.  Germany’s successor to the G36 is being procured under a program known as System Sturmgewehr, or Assault Rifle System. According to a report from the Deutsche Presse-Agentur (DPA), extensive tests demonstrated that the Haenel design is “somewhat better” suited to the System Sturmgewehr requirements ... Read More »

China unveils ‘strategic emerging industries’ plan in fresh push to get away from US technologies | South China Morning Post

China has released that numerous emerging technology sectors will be heavily pursued in order to compete with the United States. They have vowed to “build a complete strategic industrial system via state planning and state investments.” Some of the areas of interest include 5G network, biotech, green technology, and robotics. This is similar to previous plans released by China, such ... Read More »

The Army wants to build a brand new exoskeleton to help soldiers ruck faster and harder | Task & Purpose

Army Futures Command is drafting out formal requirements for an infantry exoskeleton in November as confirmed by Ted Maciuba, deputy director of the robotic requirements division for Army Futures Command. This will allow Army Futures Command to pursue rapid prototyping of a brand-new exoskeleton to help soldiers become more effective with better capabilities. Army Futures Command is soliciting ideas from ... Read More »

From Princeville to the Pentagon; SGM reflects on prosperous career | DVIDS

Sgt. Maj. Edward A. Bell Sr. concludes his 33 years of service in the Army during his retirement ceremony last Sept. 18 at the Lee Club. Bell was the senior enlisted advisor in the Pentagon office that helps shape sustainment policy and plays a key role in managing the large portfolio of programs and projects. Lt. Col. Denis Fajardo said ... Read More »