RobertoG

46 ms·

421.
by RobertoG 6y ago
Also it's possible that there is somebody pushing one way in Brussels, and some friends of Google and company, pushing the other and we get only a diluted and distorted version of what would work best.
422.
by RobertoG 6y ago
>>"Additionally, it always seems to me that actions like Google's are fine until a company becomes to big, at which point it is suddenly decided that it is unfair." It's the fact that it's big what makes it un
423.
by RobertoG 6y ago
I think the key insight is to realize that money is just a distraction, it's numbers in some computers. At the end of the day we have three kind of real resources: matter (raw materials and energy), labor and knowledge. Money is about
424.
by RobertoG 6y ago
>>"The problem with money printing is it is all but impossible to figure out where the resources are being reallocated from - with taxes it is fairly obvious. With money printing it is not. It may well be impossible to say what w
425.
by RobertoG 6y ago
>>"> The term inflation was initially used to describe a change in the proportion of currency in circulation relative to the amount of precious metal that constituted a nation’s money." That definition of inflation makes
426.
by RobertoG 6y ago
Maybe this is not important in your user-case, but what if you have a database breach and you have to warm your users?
427.
by RobertoG 6y ago
>>"And the people eating the 1913 harvest didn't start a revolution. The empire fell apart after years of war [..]" I don't think it's so simple. We have to account for the revolution in 1905. The Wikipedia ar
428.
by RobertoG 6y ago
Maybe Japan was not a planned economy, in the Soviet sense, but it was hardly a model of "laissez-faire" with their zaibatsus and keiretsus and a very clear industrial and protectionist policy implemented from the state.
429.
by RobertoG 6y ago
All that is probably truth (even if serfdom was a thing until 1861 and so late like 1915 they were still dealing with the consequences), but there is a clear historical fact, whatever the soviet propaganda said: people well feed and happy d
430.
by RobertoG 6y ago
Fair enough, I regret expressing it that way. Anyway, In 1917, it was the poorest country per capita of Europe except Portugal and suffered the revolution and the first and the second world war. I think is kind of surprising that, starting
431.
by RobertoG 6y ago
I think it's still impressive. In 1917, Russia was one of the most backwards countries in Europe, practically a feudal agrarian society. The USA was already a fairly advanced industrial economy. In 1957, only forty years later, and aft
432.
by RobertoG 6y ago
It's absolutely not beyond our current level of technology. Unfortunately, there are not economic incentives yet. Now, this(1) it's beyond our current level, but one can dream. It's obvious to me that this is the most probabl
433.
by RobertoG 6y ago
I don't know. Don't take my comment too seriously, but if I was Canadian, I think these guys sending me fake administrative notes and filling the night with wolf sounds would qualify more like "them" than "we".
434.
by RobertoG 6y ago
>>"We don't need it to win, and when it is exposed it undermines our credibility, which undermines our white propaganda and efforts to contrast our values with the values of our adversaries." Fair enough. Now, the only
435.
by RobertoG 6y ago
>>" It is very close to 0 degrees latitude, 0 degrees longitude." The 0 latitude could be relevant, but that the 0 longitude is in there is more an historical accident. The shape of the African continent is also interesting
436.
by RobertoG 6y ago
Maybe control version? From software to a lot of other information industries. Also, not an industry, but I think that some mathematicians use category theory to translate insights from one domain to other. (Trying the recipe itself here to
437.
by RobertoG 6y ago
If I can write a different text in the process, then yes, I suppose the important content of the book is the ink.
438.
by RobertoG 6y ago
It could be self-serving (most opinions are), I'm willing to doubt myself about this too. Anyway I'm not saying anything about "simpleness" but about feelings of certitude and answering the observation of the grandparent
439.
by RobertoG 6y ago
But is it not your values your perspective about the world?
440.
by RobertoG 6y ago
North-Korea is not really an historical exception and it has not to be specially unstable without external intervention. How much different is it its governance from, for instance, the Ramses dynasty? This kind of thing is as old as humanit
441.
by RobertoG 6y ago
>>"To me it has connotations of mind control where your fundamental beliefs are altered through the use of biochem." Of course, it has the terrifying possibility of mind control, but, from a philosophical point of view, it e
442.
by RobertoG 6y ago
>>"By the way, I have noticed multiple occasions when alcoholic intoxication temporarily made generally liberal people far-right. I have even experienced that myself a couple of times when I was younger. " That's intere
443.
by RobertoG 6y ago
>>"[..] some people I've recommend it to don't seem to have had the same experience as I had reading it. " I'm reading Dune again at the moment. I think that when you read a book in your life is pretty importa
444.
by RobertoG 6y ago
Don't know why you are being down-voted. You make interesting philosophical points. If something change your values in a way that the old you would not accept, are you still you?
445.
by RobertoG 6y ago
Not when the interest rate is 0% From then on, any increase in reserves doesn't make borrowing more attractive.
446.
by RobertoG 6y ago
So you agree that creating reserves is not necessarily inflationary. Also, a bank is not limited by reserves to lend. In fact, in practice, banks first lend and then search for the reserves in the inter-bank market. Those demand-offer dynam
447.
by RobertoG 6y ago
>>"[..] which would generally entail lower economic growth and higher employment." I suppose you mean "unemployment".
448.
by RobertoG 6y ago
>>"Someone who was not considering borrowing money at 4% may change their mind at 2.5%." We agree: when the interest rate arrive down to zero there is nothing more than the central bank can do to stimulate the economy. They
449.
by RobertoG 6y ago
>>"Governments get the advantage of being able to inflate the money supply to the point were it prevents prices from falling, ensuring easier reelection at the price of the people paying more for things and effectively taxing sav
450.
by RobertoG 6y ago
That's not my point. My point is that if we don't agree in a definition of inflation, how can we have a rational discussion? And there is a clear textbook definition of inflation.

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