RobertoG

74 ms·

811.
by RobertoG 8y ago
Your narrative imply that the Euro works perfectly, what is ridiculous. The reason for the the debt crisis is that the Euro countries are working with what is, essentially, a foreign currency. There is not fiscal capacity that will solve th
812.
by RobertoG 8y ago
It's deeper than that. The adoption of the Euro without a fiscal capacity at the Euro-area level means that the Euro countries are basically working with a foreign currency. That means that monetary issues are beyond political control.
813.
by RobertoG 8y ago
"At root was a failure to grasp the elemental point that currency unions with no treasury or political union to back them up are inherently vulnerable to debt crises. States facing a shock no longer have sovereign tools to defend thems
814.
by RobertoG 8y ago
Reading your comment, comes to mind that the case of Japan demonstrate that bond markets are not so essential after all and that "creation" of money doesn't necessarily generate inflation.
815.
by RobertoG 8y ago
Well, I suppose the answer is the same that for the game of the '20 questions in its “surprise” version' that the article mention. Where was the word before the first question is asked?
816.
by RobertoG 8y ago
I'm too materialistic for taking those views seriously, but I recommend a nice Science Fiction book that deal with this: "Distress" by Greg Egan [1]. 1. http://www.gregegan.net/DISTRESS/DISTRESS.html
817.
by RobertoG 8y ago
When automation arrive to that level, that could happen, but it's far from unavoidable. If automation happens is because it makes the economy more productive. If before happening the economy could sustain all the people, logic tell us
818.
by RobertoG 8y ago
I think you are wrong. If he is following the scientific method, and he doesn't have evidence, he should 'conclude' that. The key is that in science, you never 'conclude' (in the sense of finalize) anything. Everyth
819.
by RobertoG 8y ago
Occam's razor is not about the simplest theory being true, but about how from a simple theory you can create infinite more just adding an element. If you have infinite possible theories, the only logical thing to do is to stay with the
820.
by RobertoG 8y ago
>>"Sleeping on your side with a small pillow between your legs is considered the ideal sleeping position." What is the rationale behind the pillow between the legs?
821.
by RobertoG 8y ago
So, the reason because the US doesn't invest in infrastructure is because the ROI is not high enough?
822.
by RobertoG 8y ago
I was talking about the Euro, not the Dollar.
823.
by RobertoG 8y ago
In July 2012 the credit rating for many Euro countries was low and the borrowing costs very high. Mario Draghi, the President of the Central European Bank (who can emit so many Euros as they wish with typing something in a computer) made a
824.
by RobertoG 8y ago
You can't compare the Euro countries to China because the European countries are borrowing in what, in essence, is a foreign currency. For those countries, constant increasing of the debt is hardly sustainable. China has not that probl
825.
by RobertoG 8y ago
I agree, but the debate is, (in the society at large) disproportionally, in my opinion, about the advertisements. And they are used, I think, like a distraction, instead of looking into the real issues.
826.
by RobertoG 8y ago
Sure, but the reason people is angry is not some advertisements. That's only a scapegoat.
827.
by RobertoG 8y ago
>>"[..] it's kind of a half-truth, isn't it?" More like a quarter-truth that allow to forget the other three quarters. Economic policies dismantle the welfare state in the U.K. but the people vote Brexit because so
828.
by RobertoG 8y ago
" [..] given enough surveillance, companies can sell us anything: Brexit, Trump, ethnic cleansing in Myanmar, and successful election bids for absolute bastards like Turkey’s Erdogan and Hungary’s Orban." The same as the author, I
829.
by RobertoG 8y ago
I get it, but there are two ways to solve it. You can accept the data and change your theory or you can ignore the data and keep your theory. The more simple theory here is, obviously, that the Greeks work more. It bothers me that many peop
830.
by RobertoG 8y ago
I don't know why is necessary to explain anything. Maybe the explanation is that the Germans work less hours. It would be logic, a richer country, a better life. Is that shameful or something?
831.
by RobertoG 8y ago
So, if the Greeks work less hours is because they are lazy and if they work more is because they are inefficient. It seems they can't really win.
832.
by RobertoG 8y ago
>>"This is called running the printing presses. Wherever it has been tried, historically, rampant inflation follows." My understanding is that most of the cases of hyperinflation (Germany Weimar Republic, Zimbabwe..) were du
833.
by RobertoG 8y ago
>>"Adding the money supply to the national debt would produce a meaningless number, so we don't do it." If the money created by the FED is just a meaningless number , why don't they finance the government directly
834.
by RobertoG 8y ago
Luckily we have some data about that. Was Greece growing more or less in average before the Euro? Did they suffer hyperinflation before the Euro? Is the current Greek economy healthy with the Euro constraints? Has it improved with the &quot
835.
by RobertoG 8y ago
If the FED is a USA government institution and new money was created by that institution: why the money doesn't add to the national debt and doesn't change its cost?
836.
by RobertoG 8y ago
To conclude that globalization is a positive thing for the poorest people of the planet without qualification is also errant nonsense. The greatest reduction in human poverty is due mainly to China, where globalization has been managed in o
837.
by RobertoG 8y ago
How can you determine what is efficient without knowing what is valuable? And how you determine what is valuable only by logic? Even the instinct to survive is an emotion. An emotionless agent wouldn't care about survival. Logic can sh
838.
by RobertoG 8y ago
There is not such thing as an "evolutionary race". Race to where? Would be OK to forget how to make stone tools because we don't need them for now? Traits are useful in some circumstances and not some useful when circumstance
839.
by RobertoG 8y ago
>>"If you ask a lay person from any human culture how do you know when a person is dead [..]" If you ask a lay person from any human culture very probably the most significant part of the definition would be "non-revers
840.
by RobertoG 8y ago
>>"Someone having to choose between selling a kidney or starving is terrible. But the solution shouldn't be to deny the first option" If in the XXI century we have not eliminated those dilemmas is that we are doing some

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