NTDF9

9 ms·

61.
by NTDF9 7y ago
This is so true. The upper middle class in India would probably be lower middle class in the US. However, let's not kid ourselves. Cost of living in India is equally or ever more cheap. $1-$2 for lunch a day? Rent is only $200/mon
62.
by NTDF9 7y ago
As is the answer with almost anything in the US, the answer is: "There are some who stand to make money from it at the expense of others." US is fundamentally different from most other countries. In most countries, govt designs (o
63.
by NTDF9 7y ago
All we need now is a simulation to plug ourselves into. And this is how The Matrix was made.
64.
by NTDF9 7y ago
Thanks for posting. I realize how true the rat race is for software workers.
65.
by NTDF9 7y ago
Is there a difference between: 1. People who get paid peanuts but cause localized failures vs 2. People who rake in 10s of millions but cause large scale failures. Do you understand the disconnect between privatizing profits and socializing
66.
by NTDF9 7y ago
Let banks fail? Arrest the execs and bankers who can't keep enough reserves?
67.
by NTDF9 7y ago
You need to look at other countries that have had inflation to see how this goes. US is not an island and economics works the same everywhere.
68.
by NTDF9 7y ago
> One lesson of QE seems to be that the Fed can print money in a recession without causing inflation. Or at least only inflation of asset prices, not wage/consumer goods inflation. You nailed it. There was inflation with the last QE
69.
by NTDF9 7y ago
In a recession: People lose jobs Govt pays out more social security benefits Govt earns lesser tax revenue Govt interest payments on bonds are still at pre recession levels So, govt has to issue more bonds Nobody has the money to pay for th
70.
by NTDF9 7y ago
There's a difference. The govt doesn't have this ability to print money and pay debt. The Fed does. Which means that the Fed has been keeping interest rates already artificially low by printing money. It'll take one misstep o
71.
by NTDF9 7y ago
Or as the Fed would call, "Hedonic quality adjustments".
72.
by NTDF9 7y ago
When someone asks how does inflation increase with increasing deficit? This is the answer. Money printed out of thin air to buy bonds. Bye bye affordability if this continues.
73.
by NTDF9 7y ago
China has had plenty of those. But their levers are different. They actively overspend on infrastructure projects to stimulate the economy whenever there was a downturn. In the past, that worked really well, spending to hand money to the po
74.
by NTDF9 7y ago
> A Bay Area Rapid Transit janitor who makes $234,000 plus $36,000 in benefits marries a Bay Area Rapid Transit elevator technician who makes over $250,000 in salary and benefits. Together, they’d make well over $350,000. What? This is u
75.
by NTDF9 7y ago
What is remarkable for me is how much attention Bill Gates pays to the details. Details of lives, problems and solutions. He's truly a one-of-a-kind billionaire who doesn't just throw money at problems in the name of philanthropy.
76.
The Rickshaw Puller(youtube.com)
2 points by NTDF9 7y ago|1 comments
77.
by NTDF9 7y ago
To me, all these problem and more seem to come straight out of our monetary and fiscal policies. 1. Fed pumping so much money drove up useless asset prices. Which means people are spending more and more of their income towards paying for ex
78.
by NTDF9 7y ago
Rural America really really needs more doctors. The amount of time it takes to get an appointment to diagnose anything is crazy long already.
79.
by NTDF9 7y ago
Thank you!
80.
by NTDF9 7y ago
Do you see a lot of companies starting up operations in other countries to house their international employees, given the uncertainty in US? Would you recommend funded startups to have such backup offsite locations?
81.
by NTDF9 7y ago
> If cash is only a good asset class when shit is hitting the fan, that probably implies it’s not a very good store of wealth! Why do you think the same about any other asset that relies on inflationary monetary system?
82.
by NTDF9 7y ago
I cant tell if you are naive or just ignoring the conveniently that cash is also an asset. In deflation, it is a better asset than stocks. In negative interest rate environment, it is a better asset than bonds. Please end this discussion
83.
by NTDF9 7y ago
But it is. Anything that has to be earned and saved over time to make a purchase is a store of wealth. Think saving cash(or putting in bonds) for a down payment.
84.
by NTDF9 7y ago
Not when currency is also a medium of wealth storage. Currently, when deflation happens, the rich don't suffer losses immediately. Instead they fire their works and reduce investments. So the poor are on the streets or have to suffer f
85.
by NTDF9 7y ago
How about we just abolish fractional reserve banking? Fractional reserve system causes credit to grow with booming population but causes deflation when population/production declines. The root cause of all economic problems are man mad
86.
by NTDF9 7y ago
Having independently come to this same conclusion, I am glad someone did the compilation on a single page. I'm not against the gold standard per se but I have come to believe that money supply controlled by credit expansion is simply n
87.
by NTDF9 7y ago
1. Be a smart cookie 2. Move to US on a visa (typically H-1b) 3. Get green card (hope politics don't kick you out with immigration bullshit bureaucracy) 4. Start a company 5. Hire smart solid people 6. Work at your product for years 7.
88.
by NTDF9 7y ago
This is the single biggest mistake every single emerging market has made in the past. Overleveraging on dollars. These countries need to realize that being in debt to a foreign currency is never worth it. The short-term booming economy beca
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by NTDF9 7y ago
It gives the US a very big advantage. How? 1. The US never has to produce anything to buy oil. They can just print dollars and import oil. Another country, say Bostwana, has to produce something else, sell it to another country in exchange
90.
by NTDF9 7y ago
> I have worked with people who have master's degrees from respectable universities who have not used Git or a command line in their life. I think you're too young to know that code management systems existed before git.

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