Qasaur

12 ms·

61.
by Qasaur 6y ago
This kind of rebuttal to the Austrian school is often based upon a misguided idea of monetary neutrality. Inflation does not happen everywhere in the economy at the same time - this is called the Cantillon effect and is a central pillar of
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by Qasaur 7y ago
I always wondered why the microphone on my MacBook Pro would stop working whenever I closed the lid when using my external monitor. Glad to hear the "bug" exists for good reasons.
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by Qasaur 7y ago
>I dream of an economic system that serves human beings instead of the numerical abstractions behind which the rich and powerful hide their extreme selfishness. This is what capitalism is in its essence - a complex decentralised pricing
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by Qasaur 7y ago
If this works with Adobe Creative Cloud, then moving to a Linux distro has suddenly become much more attractive.
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by Qasaur 7y ago
I strongly subscribe to this view. Opinions like this get dismissed by the usual premature optimisation argument and that engineer-time is expensive, but I think that if we built our stacks with performance and efficiency in mind a signific
66.
by Qasaur 7y ago
I doubt that the VC boom would have ever reached the heights it has without easy money policies and quantitative easing from global central banks. You would likely still have homeless people, but you would certainly have far less rich peopl
67.
by Qasaur 7y ago
>Bank regulation is open to be criticized. But it's far from "nil". Bank regulation is political and is regularly criticised, I'll give you that. However, the Federal Reserve and central banking is borderline immune t
68.
by Qasaur 7y ago
One day people are going to look back to today and wonder why we have essentially given a license to print money to a privileged group of people with close to nil accountability. First to central bankers, and now to private bankers (which c
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by Qasaur 7y ago
This is also, in many companies, what the lead up to an internal blacklisting looks like, especially when said company has a dysfunctional technical management. Entrenched players (competent or not, mostly the latter) who may have been invo
70.
by Qasaur 7y ago
This already sort-of exists in the form of Nix/NixOS/NixOps. Entire system configuration is deterministic and is specified in a configuration file, and it has its own little functional DSL called Nix that is used to specify system
71.
by Qasaur 7y ago
Salaries are increasing slowly in London due to the realities of market competition, but not as fast as they should be. I think it is important to note that investors and indeed managers/founders tend to erroneously focus on quantity o
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by Qasaur 7y ago
Having some experience in the London startup ecosystem, I think London is a great place for founders and investors, but I really doubt the value proposition for startup employees. London I think is one of those cities that crystallises how
73.
by Qasaur 7y ago
I disagree strongly with this. I'm currently writing a cross-platform app in Flutter that is launching soon, and I found that the developer experience is world-class and I've had very few issues so far. The language is incredibly
74.
by Qasaur 7y ago
I give it a couple of months before it is rewritten in Rust, just like bat and ripgrep.
75.
by Qasaur 7y ago
Isaac Asimovs's "The Last Question" is an excellent short story and I consider it among one of the greatest works of science-fiction. It describes a fictional future where humanity creates a computer that acheives the singula
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by Qasaur 7y ago
>It is amazing to me that we live in an era with tiny amounts of inflation despite large central bank interventions, and yet Austrians still presume to claim that their theory is vindicated. I think it is amazing to me that economists ha
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by Qasaur 7y ago
>A healthy intellectual movement doesn't need to be convinced to pay attention to empirical evidence. You misunderstand the reasoning behind the "rejection" of empiricism by Mises and those that followed him. Austrian theo
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by Qasaur 7y ago
>However, the school of thought's aversion to econometrics makes their policy advice self-limiting compared to mainstream/mainline economic theory. This I agree with, I do think there is tremendous value in using statistics as
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by Qasaur 7y ago
Economic malinvestment will always be a phenomenon that arises naturally in a free market - its a product of imperfect information. Thus, isolated booms and busts are also a natural occurence in an economy as companies that aren't prof
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by Qasaur 7y ago
The Austrian school of economics has been advocating for an alternative form of monetary thinking since the 1920s, and despite predicting with astonishing accuracy the mechanics of almost every recession since then nobody takes them serious
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by Qasaur 7y ago
“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no gre
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by Qasaur 7y ago
> "Furthermore, Equifax employed the username “admin” and thepassword “admin” to protect a portal used to manage credit disputes, a passwordthat “is a surefire way to get hacked.”" The document does not state any further
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by Qasaur 7y ago
>I don’t know how things are in Paris (never really been), but here in NYC public transit is extremely unreliable and optimized for only one use case: to move 9-5 commuters between their homes in the outer boroughs and the two central bu
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by Qasaur 7y ago
It's not pointless, because control of monetary policy is exactly why they are banning it.
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by Qasaur 7y ago
>The poor tend not to have much savings, by definition, which means that all this win goes to the already wealthy. This is not true - saving rates were higher in the past before irresponsible monetary policy took over after the erosion o
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by Qasaur 7y ago
>There is, for a number of reasons, but not least of which is fairness. If I get a dollar, then the size of the economy doubles, my purchasing power as a fraction of the total amount of economic activity doubles. This creates wealth ineq
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by Qasaur 7y ago
>Keeping it from going up and giving disproportionate gains to money holders past is part of the job. There's nothing ironic about it, this is the job of central banks, and there's nothing shady about it. There is something inc
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by Qasaur 7y ago
I think this action is a symptom of a much larger, and much more serious disease, namely the fall in trust for traditional fiat currencies like the euro and the dollar. Decades of irresponsible monetary policy and runaway inflation (CPI doe
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by Qasaur 7y ago
Ironic that the German government wants to avoid irresponsible monetary policy through a private entity when it is literally printing money to stimulate growth through the ECB.
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by Qasaur 7y ago
It's the fear that people may prefer using other currencies than their own, which collapses the regime of spending through inflation.

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