Despegar

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421.
Germany May Abandon Its Beloved Black Zero(spiegel.de)
1 points by Despegar 7y ago|0 comments
422.
SEC Chief’s Crypto Skepticism Sets Up Facebook Clash over Libra(bloomberg.com)
2 points by Despegar 7y ago|0 comments
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Bundesbank’s Weidmann opposes new stimulus(ft.com)
1 points by Despegar 7y ago|0 comments
424.
Who's Responsible for Eurozone's Negative Interest Rates?(spiegel.de)
3 points by Despegar 7y ago|0 comments
425.
by Despegar 7y ago
Sure but I guess my point is that how Germany ends up allocating their fiscal spending doesn't really matter, as long as on balance they run deficits for a long period of time. Germany could give every German with a child a stipend to
426.
by Despegar 7y ago
See my other comment in this thread about German capital benefiting from this arrangement more than German labor. I'm not saying Germany has to nationalize industries, they just need to run large fiscal deficits over a sustained period
427.
by Despegar 7y ago
While the demographic time bomb is a long-term issue for a lot of advanced economies like Japan (but also China), it's kind of a separate issue than what's happening in the EU today (and has been for the life of it). Ideally there
428.
by Despegar 7y ago
It's not a rant, it's a slightly tongue in cheek but also slightly serious, analysis of the political and economic reality of Germany and the EU. Individual Germans would actually end up benefiting the most from a change in nation
429.
by Despegar 7y ago
Yes that would be a great use! They should also repave the Autobahn, build some gas pipelines so they aren't dependent on a geopolitical enemy, invest in a broken military, and cut taxes and increase benefits for people with a high mar
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by Despegar 7y ago
I'm amused that we're getting downvoted when our comments should be at the top of this thread.
431.
by Despegar 7y ago
Even though certain economists and politicians know better, they ultimately reflect the political will of the people. So while at an individual level it doesn't matter that someone saves all their income and spends nothing, if that bec
432.
by Despegar 7y ago
If Germany switched back to the Deutsche Mark tomorrow, their currency would instantly shoot up in value relative to the rest of the EU. That'd make their exports less competitive and make the exports of Greece, Portugal, Spain and Ita
433.
by Despegar 7y ago
A poor economics understanding has led people to believe that saving is somehow a virtue. Government budgets aren't the same as household budgets. The former is what I'm talking about. I don't care if any individual wants to
434.
by Despegar 7y ago
There's nothing I enjoy more than the plight of the German Saver, who's obsession with "fiscal responsibility" has led to shitty austerity politics all across the EU (to be fair some other northern European countries lik
435.
by Despegar 7y ago
I don't personally care about the cost because I think it's a moral imperative, but yes it'd actually save money if a single payer were negotiating with all the providers and drug companies.
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by Despegar 7y ago
Medicare For All would cost $32 trillion over 10 years [1]. [1] https://www.vox.com/policy-and-politics/2018/7/30/17631240/m...
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by Despegar 7y ago
The reality is that universal healthcare or infrastructure spending doesn't actually need to be "paid for". The negative yields on sovereign debt all over the world and with no inflation in sight shows us that the world has b
438.
by Despegar 7y ago
The big takeaway for me is that fundamentally tax policy needs to be redistributive. That idea has been under assault in America for decades, along with the idea of government itself, and it's been very successful. Both parties are eff
439.
by Despegar 7y ago
His talk at Google was great: https://www.youtube.com/watch?v=d_zt3kGW1NM
440.
by Despegar 7y ago
As I wrote in the previous HN thread: >If you're wondering about some weird social ill plaguing society from the tech industry, 99% of the time the root cause of it is Section 230. Which is also relevant to the big WSJ story today a
441.
by Despegar 7y ago
We should not waste our time with individual action when that urge to do something should be directed at politics, policy, and law. Dealing with a monopoly at an individual level is an exercise in futility.
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by Despegar 7y ago
>If everyone reading this did that, would it impact them? No, they would be fine. But I think it's better to do something rather than nothing. As with climate change, systemic problems can't be solved with individual action.
443.
by Despegar 7y ago
If the EC or DoJ forced a spin-off of Chrome from Google it would fix that incentive right away. Chrome would be in a position to extract a large TAC payment to be the default search engine (like Apple) and they could realistically focus on
444.
by Despegar 7y ago
That'd be less than useless. Not only would it junk up the UI in the App Store, it doesn't provide any useful information to the user. What does it mean that the Yahoo Finance app has the Flurry and New Relic SDKs in their app? An
445.
by Despegar 7y ago
Most tech people only have tech solutions. I see it constantly here on HN when there's a story about privacy and there's countless comments suggesting how you as an individual can do some jury rigged thing to protect your privacy.
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by Despegar 7y ago
The billions Google pays Apple is purely a tax that they extract from them. If it's meant to buy Apple off then it doesn't appear to be working given the privacy features that Apple continues to roll out.
447.
by Despegar 7y ago
Congress is working on it. https://www.scribd.com/document/405606873/Detour-Act-Final
448.
by Despegar 7y ago
Of the Communications Decency Act. https://en.wikipedia.org/wiki/Communications_Decency_Act#Sec...
449.
by Despegar 7y ago
If you're wondering about some weird social ill plaguing society from the tech industry, 99% of the time the root cause of it is Section 230.
450.
by Despegar 7y ago
It was pegged but they pegged it at a number that was stronger than it would otherwise be. China fears capital flight more than anything, and rich people in China would absolutely sell their yuan for dollars or euros in an instant if they c

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