bokonist

98 ms·

661.
by bokonist 18y ago
Both good points. Determining whether the U.S. or China has more economic freedom is difficult, because their ways of restricting freedom are so different. discourse means that sound discussion of economic policy at a deep and detailed le
662.
by bokonist 18y ago
In terms of economic freedom, China has the edge. The cardinal rule is, "you cannot write, read, or do anything that threatens the legitimacy of the party." That kind of limit on free speech certainly does not appeal to me, but I don't th
663.
by bokonist 18y ago
Sorry for not making it explicit. The point is: people who are not trained in Science (Climate Modeling in particular, Physics in general) are not qualified to speak on the topic. The trouble is the money comes out of the pocket books of
664.
by bokonist 18y ago
Gold flucuates enormously because it is currently not the official currency of any country. If it ever became a major currency, it's price would sky rocket as it would have to absorb a huge amount of new monetary demand. Thus gold's curren
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by bokonist 18y ago
I would pay for an online learning site if it was good. I think the freemium model would work best.
666.
by bokonist 18y ago
It's hard to see how that kind of basket would work. If you don't have fixed pegs between the currencies, then you have not increased the stability of the system. If you have fixed pegs, then each member country must cede complete control
667.
by bokonist 18y ago
My high school had amazing math textbooks. The books had been written by the faculty over the course of many years. Each page consisted of 10-12 word problems and nothing else. There would be no explanation, no section introductions, not
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by bokonist 18y ago
This is the first time I've ever heard a Chinese official this high up call for replacing the dollar. Can anyone else think of any other examples? If this is really a new development, then it's very significant news.
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China's central bank calls for new reserve currency(ft.com)
53 points by bokonist 18y ago|43 comments
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by bokonist 18y ago
Fiat currency is the cause of the problem, but it also provides the solution. I agree that our financial system should be running MacOS, not windows. I agree that running Windows is why we get so many bugs and viruses. But as long as we a
671.
by bokonist 18y ago
* The money they earn is spent and flows into other parts of the economy, creating phantom demand in, effectively, all sectors.* No, only the money spent near the entry point into the market is distortionary. The counterfeit money that was
672.
by bokonist 18y ago
The "stickiness" is not a result of stubbornness, its a result of how the deflation cascades through the economy. Let's make the scenario even more clean. Imagine overnight a virus runs through computers of the banking system, switches the
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by bokonist 18y ago
After reading most of his archives, I'm still trying to decide whether he's insane, or if he's sane and it's everyone else who is insane. More and more I'm thinking the latter. Perhaps I need to disconnect myself from the internet for a w
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by bokonist 18y ago
Have you read his posts? He's an authoritarian. He actually made up the word "archist" and called himself that.
675.
by bokonist 18y ago
I've always found django pretty hackable. If you really want to break the flow of returning objects, you can always use threadlocal to store the request object, the template, or whatever else you want.
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by bokonist 18y ago
See my response to nazgulnarsil below.
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by bokonist 18y ago
Let's say that in the counterfeiting example, the counterfeiters pumped $300 billion a year of counterfeit bills into the economy. The counterfeiters spend all this money on wine and women. When the counterfeiters are found out, this $300
678.
by bokonist 18y ago
The demand was not artificial. For example, before the crash people bought a lot of cars. After the recovery, people bought even more cars. So why was it necessary to go through 5-10 years where nobody made or bought cars, factories sat
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by bokonist 18y ago
I've read it. Rothbard is dead right about the dangers of fractional reserve and the need to avoid inflation in the first place. But he's dead wrong about what to do once the crisis hits. I do not buy his arguments that Hoover's actions
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by bokonist 18y ago
The deflation of the Great Depression and the ensuing unemployment resulted in the election of the dictator FDR, the destruction of the old republic, and creation of the modern American civil service mega-state. If you could go back in tim
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by bokonist 18y ago
There was not one ugly or overweight kid in any of the schools. When I left my public school for a private, east coast boarding school, the lack of any fat kids was the thing that struck me the most the first day I arrived. The second th
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by bokonist 18y ago
EU Referendum doesn't have the breadth of those sources, but in terms of quality, it's the best at the areas it does cover. I don't follow European news that much, but on the American side I have a collection of online sources so I get bot
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by bokonist 18y ago
Awesome comment. One question - you write "The top colleges are skeptical of all the standardized tests and most of the high school curriculums." and then " I can't say much about it other than this: the kids you think would do well on the
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by bokonist 18y ago
Because the reason you were allowed to in to the country was for that job for which there were no acceptably qualified american applicants. The formal reason for a policy and the real reason have nothing to with each other. The phrase "j
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by bokonist 18y ago
Why should personal debt contracts be legal but not equity contracts? Equity contracts are actually more progressive - you don't have to pay if you're not making anything, and those who strike it rich cover the costs of those who make less
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by bokonist 18y ago
What's your favorite source?
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by bokonist 18y ago
Would you consider an article like this reporting or commentary: http://eureferendum.blogspot.com/2009/03/yesterday-in-parlia... ? How is this different than reporting in the print magazines? And of course there is this gem of investiga
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by bokonist 18y ago
I don't know anything about Scottish politics, so I cannot comment. But the best source of information on British/EU politics is a blog: http://eureferendum.blogspot.com/ I don't grant the premise: we may not have ever had a mass media
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by bokonist 18y ago
Off the top of my head, no, but that's because the best are now both. Let me rephrase, can you name a single subject, where the best source of information is an old school, mass media source ( ie, a source funded mainly by in print issues
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by bokonist 18y ago
newspapers had grown complacent and corpulent and were content to rest on their laurels, There never was a golden age of journalism. Before the FTC and the Fairness Doctrine, yellow journalism used to routinely whip people into frenzied

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