anm89

43 ms·

511.
by anm89 4y ago
Yeah, these days we only have existential risk to our system via structural contagion twice per decade. Good thing we moved past that era! Those issues were real and went o longer than they needed to but also weren't as deeply struct
512.
by anm89 4y ago
How is this this worse? A few people will go under immediately because they took undue risk but prices will settle to where they need to and the world will move on. As opposed to embedding that failure into the core of the system to protect
513.
by anm89 4y ago
While there were panics and issues before the era of active central banks, most fo the time, things were calm. The idea that the world would burst into flames if central banks weren't there to micro tinker is not historically supported
514.
by anm89 4y ago
It seems like society has done their thinking and made their decision
515.
by anm89 4y ago
A fat bag of cash. 500k+
516.
by anm89 4y ago
It's sarcasm.
517.
by anm89 4y ago
Yeah I'd really move this up to require a 4 year degree. 8000 hours would feel a lot safer.
518.
by anm89 4y ago
I don't know if the German economy is a very high bar to set. And just because someone implements a bad idea doesn't make it "normal"
519.
by anm89 4y ago
A pilot's license requires the same amount of flight time.
520.
by anm89 4y ago
I kind of feel like that era is also over. Tech, start ups, and the ruby community used to be really fun. People were genuinely excited to do the meetups. And I'm sure some people still find it to be, but it feels to me like most of th
521.
by anm89 4y ago
Why is having a better understanding of the laws of physics a nightmare for physicists?
522.
by anm89 4y ago
The Fed clearly doesn't understand how to MMT properly. What J Powell was supposed to do her was to raise the income tax rate.
523.
by anm89 4y ago
Evidence of what? I'm saying I like her decision. How do I provide evidence of an opinion? > If you're not going to include supporting evidence, then why make the comment at all? Can you provide evidence of this?
524.
by anm89 4y ago
No, you don't get it. You can't just live your life. This must enrage you.
525.
by anm89 4y ago
There's an amazing essay on this: https://archive.ph/D9YWr It feels bad to us to have these ridiculous politicians who spend 95% of their time on theatrical in fighting as the US has for the last ~15 years but in terms
526.
by anm89 4y ago
This view point is never endingly naive. The confidence which people who never seem to have a deep grasp on the topic repeat it never gets old. They are issuing fixed coupon, fixed term credit obligations. What do you want to call it? A b
527.
by anm89 4y ago
The article doesn't talk about trying to pay off the debts at all. You have invented a straw man out of thin air to attack instead of engaging with the article at all. Also, your "banks aren't households" argument, while
528.
by anm89 4y ago
You should really go over there and explain this to them. You could save all of them.
529.
by anm89 4y ago
> However, the European Central Bank arguably has the hardest job of all. This was very apparent in the head of the ECB Christine Lagarde’s recent interview. She was asked, “how will you get the balance sheet down?” while being sh
530.
by anm89 4y ago
I agree that this is pretty insane but apparently these pensions have a high risk appetite and have made some bad calls but historically have significantly outperformed the market.
531.
by anm89 4y ago
Ha the HODL mode thing is amazing. That's a giant middle finger if I've ever seen one.
532.
by anm89 4y ago
This isn't employment. Nothing is being produced. It's a rent collected on a regulation that structurally flows money to certain classes of people. The market for this is determined exclusively by the details of the laws that regu
533.
by anm89 4y ago
People are missing the point here. No one is seriously advocating for this. It's just Vice rage baiting because that's what Vice does. It's two people with very little influence discussing a scenario on a podcast.
534.
by anm89 4y ago
I really think this is one of the single most valuable things someone can do in our society. Thanks
535.
by anm89 4y ago
Fair point but no, I expect the legal system to incriminate them. My issue isn't that the cops are acting in self interest, it's that they are systematically enabled to get away with it. Or more like just create transparency in th
536.
by anm89 4y ago
I'm saying specifically for the kind of person who'd buy a 300k jpeg in the first place. Obviously, this is a terrible investment strategy.
537.
by anm89 4y ago
Grab your popcorn! My gut is that many of them will never sell. They'll just remain trophies. Better than losing face on a 95% loss.
538.
by anm89 4y ago
The top ones are still worth hundreds of thousands. A lot of them are owned by celebrities and other people who are probably pretty price insensitive.
539.
by anm89 4y ago
No, in USD. It's down less in ETH terms. You can go play with the charts on that site. It shows both.
540.
by anm89 4y ago
Seeming likely that they will follow the ECB in this direction at this point.

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