4 ms·

Obligatory XKCD: https://xkcd.com/3073/ https://xkcd.com/3073/

• walterbell 2y ago
  > Venmo All hail currency markets which enable physical goods to be traded. Time will tell whether hedge fund duels are more efficient than other forms of conflict resolution.
  • bigyabai 2y ago
    Efficient at what? You have to be specific, because many definitions of the word "conflict" have no immediate resolution in sight.
    • walterbell 2y ago
      In this specific case, stabilizing currency markets. > many definitions of the word "conflict" have no immediate resolution in sight Some ancient duels ended the life of one party, and thus the conflict.
      • bigyabai 2y ago
        Stabilizing currency markets is a terrible excuse, you might as well justify a genocide by saying you prevented future war. Currency value is based on a wide variety of things and tariffs aren't going to alleviate the underlying devaluation of American currency. It will barely finance the treasury as-is.
        • walterbell 2y ago
          Are you in the wrong subthread? This one is about venmo lidar scans. > underlying devaluation of American currency Outside of XKCD cartoons, there are years of data showing that exporters can devalue their currency to make their exports more competitive. This took place in the first round of tariffs, https://news.ycombinator.com/item?id=43661441 https://news.ycombinator.com/item?id=43661441 Current short term (days, not years) movement in the bond market is due to selling and unwinding by Europe and Japan, not China.