6 ms·

That's why FED should stop the money printing press and let the chips fall where they may. I've been for a long time waiting for that crisis to pop up and I go

That's why FED should stop the money printing press and let the chips fall where they may. I've been for a long time waiting for that crisis to pop up and I go back to my community to try something new, not as an employee but as an employer. Many other software devs shared common concerns with me, like that it isn't worth to drop the ball now that salaries are sky high. I think a recession would definitely annoy people, but like when it rains, it would clean up a lot of things. Too many zombie companies going on, big tech getting so much money as it seems the only thing that will stick around post-crisis. We need to shed the tears before there is progress. Can't keep holding this thing on forever.

deleted 5y ago
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Taylor_OD 5y ago
> I think a recession would definitely annoy people, but like when it rains, it would clean up a lot of things. Too many zombie companies going on, big tech getting so much money as it seems the only thing that will stick around post-crisis. Annoy people is a funny way to describe poverty.
- thiago_fm 5y ago
  Poverty can only be really fixed by tackling poverty. In a country where discussing universal healthcare and basic needs coverage is a considered extreme leftist ideas. I am not impressed that people are worried about recession and the life of the poor. Sure, in a recession, Elon Musk might get poorer, but it isn't the same kind of poverty that affects the poor. If US wants to tackle it properly, first solve the initial issues. It is possible to have a recession where poor people aren't the ones most affected, it's all a matter of approving policies, laws and really looking after the poor. A recession where some rich people that took more risk than they should and get punished isn't bad. What is bad is workers depending so much on their employers to survive. Well, in the US that would get tagged as communism. Best regards from Germany.
  - selfhoster11 5y ago
    I wish you didn't get voted down so much. From a Eurocentric perspective, your words make perfect sense.
  - burlesona 5y ago
    This is a poor characterization of the issues in the US. (a) We have universal healthcare for those without income: Medicaid. (b) We have universal healthcare for those over 65: Medicare. (c) Discussing healthcare reform is not considered "far left," there is significant debate about how to do this and how to pay for it across the spectrum. So far relatively left politicians have gotten the most airtime about this, but it is discussed broadly. Your note reads as snarky and condescending, and then you signed it "Best regards from Germany," which just confirms this is a drive-by European comment. When it comes to countries that aren't your own, my recommendation would be to ask questions and seek to understand rather than to casually cast judgment. As a final note, please consider that the US is not analogous to Germany. California is analogous to Germany. The US is analogous to the EU. From my reading of international news, it appears that it's more difficult to work out things at the EU-level than it is at the level of an individual nation. That's useful to keep in mind when attempting to make comparisons between the two regions.
    - VonGallifrey 5y ago
      > please consider that the US is not analogous to Germany. California is analogous to Germany. That statement is not true at all. I give you that California has about half of Germanys population, but it is not a country. California is a State. Germany is a country and the membership in a political union like the EU does not make it a state.
      - burlesona 5y ago
        The population is not a match, but States in the US are by design far more autonomous than "provinces" in other countries. When the original 13 states formed the US they thought of it much in the same terms that member states of the EU think of themselves today - not an identical arrangement, but very similar in spirit. California (and the other US States) have their own labor laws, their own environmental standards, their own transportation and energy departments, their own distinct safety net programs, even their own militaries! (aka the "national" guard)! Further, the Federal Government is specifically limited via the 10th Amendment to only those powers which are enumerated to it. By default, legal power is held by the states, not the federal government. This is very unusual. Every "country" has a different mix of systems and different degrees of local autonomy, but US States are at the very high end of local authority while the federal government is at the low end. Thus, comparing some European nation to the US Federal Government is often misleading as it implies that the US federal government even has the power to do things that a European nation can do, which is frequently not the case, or else is greatly complicated by needing state participation and approval.
- marcosdumay 5y ago
  You are assuming that printed money benefit the poor. This is possible in theory, but it does really look like it's not happening on the US.
PragmaticPulp 5y ago
> I've been for a long time waiting for that crisis to pop up and I go back to my community to try something new, not as an employee but as an employer. If anything, the current environment makes it more attractive to start a company, not less. Investment money is cheap and plentiful. Businesses and customers have plenty of money to spend on your products. Risk tolerance is high, so customers are less afraid to take a chance on your unproven business. And if all else fails, you can walk right back into a hot job market and pick up where you left off. All of those traits are reversed in an economic crisis. The idea that a crisis spurs people to take entrepreneurial risk or fosters entrepreneurial success is backwards. Now is just about the optimal time to start a software business, if there ever was one.

deleted 5y ago

[deleted]

Taylor_OD 5y ago

> I think a recession would definitely annoy people, but like when it rains, it would clean up a lot of things. Too many zombie companies going on, big tech getting so much money as it seems the only thing that will stick around post-crisis. Annoy people is a funny way to describe poverty.

thiago_fm 5y ago
Poverty can only be really fixed by tackling poverty. In a country where discussing universal healthcare and basic needs coverage is a considered extreme leftist ideas. I am not impressed that people are worried about recession and the life of the poor. Sure, in a recession, Elon Musk might get poorer, but it isn't the same kind of poverty that affects the poor. If US wants to tackle it properly, first solve the initial issues. It is possible to have a recession where poor people aren't the ones most affected, it's all a matter of approving policies, laws and really looking after the poor. A recession where some rich people that took more risk than they should and get punished isn't bad. What is bad is workers depending so much on their employers to survive. Well, in the US that would get tagged as communism. Best regards from Germany.
- selfhoster11 5y ago
  I wish you didn't get voted down so much. From a Eurocentric perspective, your words make perfect sense.
- burlesona 5y ago
  This is a poor characterization of the issues in the US. (a) We have universal healthcare for those without income: Medicaid. (b) We have universal healthcare for those over 65: Medicare. (c) Discussing healthcare reform is not considered "far left," there is significant debate about how to do this and how to pay for it across the spectrum. So far relatively left politicians have gotten the most airtime about this, but it is discussed broadly. Your note reads as snarky and condescending, and then you signed it "Best regards from Germany," which just confirms this is a drive-by European comment. When it comes to countries that aren't your own, my recommendation would be to ask questions and seek to understand rather than to casually cast judgment. As a final note, please consider that the US is not analogous to Germany. California is analogous to Germany. The US is analogous to the EU. From my reading of international news, it appears that it's more difficult to work out things at the EU-level than it is at the level of an individual nation. That's useful to keep in mind when attempting to make comparisons between the two regions.
  - VonGallifrey 5y ago
    > please consider that the US is not analogous to Germany. California is analogous to Germany. That statement is not true at all. I give you that California has about half of Germanys population, but it is not a country. California is a State. Germany is a country and the membership in a political union like the EU does not make it a state.
    - burlesona 5y ago
      The population is not a match, but States in the US are by design far more autonomous than "provinces" in other countries. When the original 13 states formed the US they thought of it much in the same terms that member states of the EU think of themselves today - not an identical arrangement, but very similar in spirit. California (and the other US States) have their own labor laws, their own environmental standards, their own transportation and energy departments, their own distinct safety net programs, even their own militaries! (aka the "national" guard)! Further, the Federal Government is specifically limited via the 10th Amendment to only those powers which are enumerated to it. By default, legal power is held by the states, not the federal government. This is very unusual. Every "country" has a different mix of systems and different degrees of local autonomy, but US States are at the very high end of local authority while the federal government is at the low end. Thus, comparing some European nation to the US Federal Government is often misleading as it implies that the US federal government even has the power to do things that a European nation can do, which is frequently not the case, or else is greatly complicated by needing state participation and approval.
marcosdumay 5y ago
You are assuming that printed money benefit the poor. This is possible in theory, but it does really look like it's not happening on the US.

PragmaticPulp 5y ago

> I've been for a long time waiting for that crisis to pop up and I go back to my community to try something new, not as an employee but as an employer. If anything, the current environment makes it more attractive to start a company, not less. Investment money is cheap and plentiful. Businesses and customers have plenty of money to spend on your products. Risk tolerance is high, so customers are less afraid to take a chance on your unproven business. And if all else fails, you can walk right back into a hot job market and pick up where you left off. All of those traits are reversed in an economic crisis. The idea that a crisis spurs people to take entrepreneurial risk or fosters entrepreneurial success is backwards. Now is just about the optimal time to start a software business, if there ever was one.