RobertoG

65 ms·

601.
by RobertoG 7y ago
I don't think you are using "overreact" properly. If it's the appropriate response, then, by definition, is not overreacting. In line with what you are saying, a problem, is that the proper reaction, if works, looks like
602.
by RobertoG 7y ago
>>"I'm deeply fascinated with the food supply/chain in longterm Space Travel and colonization" You could be interested in these guys[1]. They are collaborating with ESA in that subject. The Youtube interview[2] is
603.
by RobertoG 7y ago
>>" delivery of completely factually wrong information, that you are either American or British" Not the gp here, but I think that comment is uncalled for. I'm not American or British and I have been totally wrong, and
604.
by RobertoG 7y ago
Would you like to see the public debt payed? when that happened the last time?
605.
by RobertoG 7y ago
I'm not talking about the people purchasing dollars, I'm talking about the country borrowing in dollars. That's the real problem with its debt.
606.
by RobertoG 7y ago
I think Argentina problems come from borrowing in dollars, not from "printing" his own currency.
607.
by RobertoG 7y ago
The "passing the problem to the next generation" thing doesn't make any sense. There are two possibilities: If in 25 years there wil be enough real resources (machines, infrastructure, knowledge..) for covering all the needs
608.
by RobertoG 7y ago
That's because it's not a monetary policy problem, but a fiscal policy problem. If you insist in fixing your home with your car jack, don't complain about the results.
609.
by RobertoG 7y ago
It would be interesting to know what is the percentage of people that have a strong reaction vs. people that experience it just like a cold, which I read is pretty common. Maybe there is even asymptomatic people out there.
610.
by RobertoG 7y ago
I thought nobody knew how to act outside the real of experience, I mean, that's the all point of experience.
611.
by RobertoG 7y ago
Many commenters here are missing the point. All the measures that were taken against Greece (for its own good, of course), were, theoretically, about improving the competitive of Greece and solve the problem of the public debt. Nothing of t
612.
by RobertoG 7y ago
Assuming that you don't care about the Greek people (and obviously you don't) and assuming that the narrative of "we the European people" is false (that obviously it's), what about the public debt? Because all the a
613.
by RobertoG 7y ago
It was certainly a knee-jerk reaction and totally my fault. I see the concepts of debt and deficit so frequently mixed that it's already in my muscle memory. Your knee-jerk reaction was half right, by the way: I'm somewhere in Eur
614.
by RobertoG 7y ago
The ledger between sovereign governments is the BIS: https://en.wikipedia.org/wiki/Bank_for_International_Settlem...
615.
by RobertoG 7y ago
What USA war was about "free trade"? and why Iran would stop oil shipments, its main export product?
616.
by RobertoG 7y ago
Yes, unfortunately, there is also the slight probability of being eat by predators if some aliens find us.
617.
by RobertoG 7y ago
Debt is different from deficits. I suppose you mean "trillion dollar debt". Note that deficit could be (or not) inflationary, but debt is the accumulate of money already spent in the economy.
618.
by RobertoG 7y ago
Currency reserves are not the ledger. The ledger of the monetary system is, not surprisingly, the electronic ledger in the central bank that interconnect all the private banks. The private banks have their own ledger, and, in that sense, th
619.
by RobertoG 7y ago
This strategy of calling antisemitic to any criticism of the state of Israel could work for a while, but, at some point, it's going to be too obvious.
620.
by RobertoG 7y ago
It seems to me that software tests is like checking if an architectural design is structurally stable. It's dumb to do that when you still don't have the characteristics of the space where you are building or the materials availab
621.
by RobertoG 7y ago
>>"[..] makes sure employees aren't being taken advantage of, but also makes it possible for these companies to continue. " Sounds good to me. Only that, maybe, the most important innovation of those companies, is that
622.
by RobertoG 7y ago
>>"Like the Soviets believing in US first strike intent." the soviets? We are really going back, aren't we?
623.
by RobertoG 7y ago
Please, note that I'm not saying that QE it's not inflationary (it's not), I'm making a more general statement: adding reserves to the bank system it's not inflationary. You probably agree with me that what create i
624.
by RobertoG 7y ago
If I understand you correctly, your argument is that QE is not inflationary because the banks don't have bonds in their balance that previously they had, instead they have reserves. First, reserves are not inflationary (1). The quantit
625.
by RobertoG 7y ago
>>"[..] but it has allowed deeply indebted nations like Greece, Japan, and Italy to service their debts." Anyone that put Japan, Italy and Greece in the same page and fail to point that Japan is using its own currency, and t
626.
by RobertoG 7y ago
Where are they going to get the cash? Cash is a very small percentage of all the existing money. Modern money is basically tree of connected electronic ledger. In the top of the tree is the central bank, lower there are the saving banks, lo
627.
by RobertoG 7y ago
It's not overspending, it's investing in the future generations. The quantity of Euro it's just a number in some computer. Infrastructure, knowledge, education, and a better life in general is a real thing.
628.
by RobertoG 7y ago
>>"Other European economies suck up to German economy so at the end of the day what is good for Germany is also good for the rest of us." If that was true we should be all in excellent condition because the Germany commercia
629.
by RobertoG 7y ago
Government budgets of sovereign nations that own their own currency are not the same that households and can borrow endlessly, in fact they don't need to borrow at all. The countries in the Eurozone don't own the Euro: for all eff
630.
by RobertoG 7y ago
>>"Given that even the proponents of MMT don't agree on what it is [..]" I'm not an economist but I have read a lot of the MMT literature, including the available textbook (1) and it's a totally coherent frame

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