Bitcoin, Bitcoin, Going So Fast…
Buyer beware [Doug Henwood, “The Bitcoin Fantasy,” May 19]. Until governments sanction these things for official purposes, they will remain in the realm of speculators and shadow operators. The run-up of price (in dollars) is probably over. Then again, there once were those tulip bulbs.
Bitcoin will be inflating for years to come (this is the “mining”), and there are several other coins that inflate perpetually. So be careful not to get the technology mixed up with the libertarian baggage of its first iteration.
Students Keep Up the Pressure
It’s great to read in “Student Nation Dispatches” about students fighting for social change. I am an alumnus of Pitzer College, one of the Claremont Colleges; it is divesting itself of oil/petroleum products. This helps the environment and keeps the college from supporting theocratic dictatorships in the Middle East. To all those activist students: keep up the good work, and fight the good fight!
Charles A. Fracchia Jr.
Teachers Held in the Rubber Room
I am almost speechless with anger and sadness after reading JoAnn Wypijewski’s “Shame as Policy” [May 19]. “Teacher jail”? Detained but not charged? Held on suspicion of what? How can moral panic be used in such a fashion? Are we to allow madmen to destroy the Los Angeles education system? Believe me, if it works there—this shaming—it will work all across the nation. The conservatives will have what they want: a dysfunctional national education system, or what you might call the idiocracy.
Patricia S. Wilson
For Women Only
We males have nothing to say about whether a woman goes through with a pregnancy [Katha Pollitt, “Ireland’s Choice,” May 19]. Only women are entitled to decide. What the world needs is good solid education on sex, sexuality, reproduction and the use of contraceptives. What the world does not need is bizarre commandments written by old men who lived thousands of years ago.
Cold War Déjà Vu (All Over Again)