RobertoG

43 ms·

451.
by RobertoG 6y ago
Japan is the perfect example that a country with a sovereign currency doesn't need that nobody buy their bonds. They have been doing this for years and they don't have hyperinflation but the opposite. But logic alone should tell u
452.
by RobertoG 6y ago
Actually, that it's not how it works in practice. The credit department of a bank, doesn't check if the bank have enough reserves before lending. They only check if the new lending make senses from a business perspective. If it do
453.
by RobertoG 6y ago
In order to expand credit, banks need borrowers that demand credit. Never mind the number of reserves available if there is nobody asking for credit. That's the reason there is not inflation. In the current economy, a reactivation of t
454.
by RobertoG 6y ago
Inflation is not just a term that we can define how we like, it's an economic official indicator ergo, there is not discussion possible about if has happened or not. You are talking about a bubble.
455.
by RobertoG 6y ago
You can't define inflation as you want. Inflation is an government official indicator with a very clear meaning.
456.
by RobertoG 6y ago
>>"Also bank reserves can be used as collateral for further loans [..]" What do you mean by that? I don't think that it how it works.
457.
by RobertoG 6y ago
New money, enters the economy by two ways: banks lean to households/business or government direct spending. New reserves in the system doesn't create money. The quantity of reserves in the system limit the quantity of money that
458.
by RobertoG 6y ago
>>"However, it seems "wasteful" in that it would branch into gazillion trees of reality." In a way, it could be interpreted as very efficient. Only the branches where some "measurement" is done are "
459.
by RobertoG 6y ago
A hole in the tube would cause air coming in, isn't that the opposite of what that video[2] shows?
460.
by RobertoG 6y ago
>> "Tritium, however, does NOT exist in nature" Maybe I don't understand properly, but I'm watching the video linked in a previous comment (1) and around the minute 9:30 professor White says that "what comes i
461.
by RobertoG 6y ago
There is not reason why the Federal Reserve can't do the same that the Bank of Japan if they choose so.
462.
by RobertoG 6y ago
The payments are already controlled by the central bank. How do you think a bank moves money to another? If the financial system is a tree, the root node is the central bank, the second level nodes are the private banks and in the next leve
463.
by RobertoG 6y ago
>>"A bank that only writes loans and doesn’t have deposits is the opposite of robust." Maybe they are, but modern private banks already do that. Before a bank concede a credit it's just checking if it's a good busi
464.
by RobertoG 6y ago
The USA is not, in percentage of their economy, the largest debtor nation. The dollar have a special status, because of the importance (economic and geopolitic) of the USA, but that's not what explain the untroubled existence of a big
465.
by RobertoG 6y ago
This is an interesting proposal. Private banks have two very important functions in society: they provide the infrastructure for the payment system and they control credit. This proposal would disentangle those functions making, I think, a
466.
by RobertoG 6y ago
"Honor is a luxury". Unfortunately, I don't remember where I read that.
467.
by RobertoG 6y ago
Global warming it's, not doubt, a serious problem, but I don't think it will be a direct extinction thread to humanity. On the other hand, global warming, probably will have second order effects that make humanity extinction more
468.
by RobertoG 6y ago
A counterexample would be the ozone layer depletion, that should give us some hope, but it's true that the problem was orders of magnitude easier to solve.
469.
by RobertoG 6y ago
I stand corrected, my bad.
470.
by RobertoG 6y ago
>>"It is interesting to note that Brendan Eich's severance pay when he was forced out of Mozilla was just $113,000" He was 11 days on the job, so, not so bad.
471.
by RobertoG 6y ago
You are right that it was a very difficult endeavor. I think the main bottleneck is not the installation by the vendors, but the apps available. I believe, what is missing is an abstraction layer between the apps and the OS. If it was possi
472.
by RobertoG 6y ago
Not sure what you are trying to say here. We have an organization where, at the same time they don't have revenue enough for keeping its workers, the decision makers increase their salary. Never mind the legal structure of the organiza
473.
by RobertoG 6y ago
This: "Mitchell Baker, Mozilla's top executive, was paid $2.4m in 2018, [..]. Payments to Baker have more than doubled in the last five years." and this at the same time: "Mozilla recently announced that they would be di
474.
by RobertoG 6y ago
They had Telefónica on board. I think with better planning and execution it could be made to work.
475.
by RobertoG 6y ago
It remembers me "Time" by Stephen Baxter (1) with the brilliant kids, being influenced from the future to change present, and the fear reaction to them. (1) - https://en.wikipedia.org/wiki/Time_(Baxter_novel)
476.
by RobertoG 6y ago
I don't know the particulars of this case or the UK, so, maybe I'm wrong, but this is probably already decided. The way this kind of thing is done is by managing that the case goes to the "proper" judge.
477.
by RobertoG 6y ago
So, the fed can do it because is special. Japan can do it because is special, the Central European Bank can do it because it's special and the British can do it because they are special. Not only that, but they can do it all at the sam
478.
by RobertoG 6y ago
What that says about us, I'm not sure if I want to know.
479.
by RobertoG 6y ago
We should remember Popper (1). You can't prove an hypothesis is correct. All models are temporal until they are disprove. (1) - https://en.wikipedia.org/wiki/Falsifiability
480.
by RobertoG 6y ago
Please, add [pdf] to the title.

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