boole1854

12 ms·

91.
by boole1854 4y ago
> Different companies using the same AI for pricing support purposes could easily tip into illegal practices if there is a feedback loop from company to model. While there are anti-competitive concerns with this kind of system, one of th
92.
by boole1854 4y ago
I didn't bring up housing vacancy taxes, let alone compare them with anything else. I was making a point about the known limitations of the theory of perfect competition.
93.
by boole1854 4y ago
I'm not sure it's so clear. "Using private data" to set prices is hardly nefarious on its own, even if the result is higher prices. After all, "price stickiness" is a well known phenomena in the economics liter
94.
by boole1854 4y ago
Since we're sharing anecdotes... Anecdotally of the handful of business owners that I know personally who received PPP funds (3 businesses total), all needed the loan, used it to maintain payroll, and all of them had their loans forgiv
95.
by boole1854 4y ago
I find myself saddened by the 'quiet quitting' meme. If people were simply promoting trying to find a new employer if your current employer doesn't value your hard work properly, that would be great. That would benefit worker
96.
by boole1854 4y ago
Having seen the inside workings of a local farming co-op, I can tell you that they they also do not necessarily grow their own food. Some produce is literally sourced from major chain grocery stores in town and resold with markup by the f
97.
by boole1854 4y ago
Fair enough. I agree about that.
98.
by boole1854 4y ago
As someone who works in a consumer loan-related field, I know from experience that this is not correct. With very few exceptions, creditors do not have incentives to barely perform identity verification. Even if 90% of identity thieves pa
99.
by boole1854 4y ago
To be fair, from the creditor's perspective it is often unclear whether the transaction was really illegitimate. Fraud in which the consumer falsely claims they were the victim of identity theft is a real phenomenon, in the same way th
100.
by boole1854 4y ago
Ah, I see. I thought you were trying to say the Fed directly paid interest to the Treasury. And, wow, I did not know the IORB rate had gotten so high. https://fred.stlouisfed.org/series/BOGMBBM I think you are correct.
101.
by boole1854 4y ago
> It "doesn't count" if you ignore the accelerating wealth disparity in our society. The parent asked about how interest rates affect the burden of servicing the debt. That is the sense in which it literally "doesn&#x
102.
by boole1854 4y ago
> The federal reserve's remittances to the treasury are likely to be completely wiped out within the coming year. The reason is that the (low) interest it earns on its existing portfolio of government securities is fixed and will st
103.
by boole1854 4y ago
Looks to me like it's just bad data in the table in Wikipedia. Ireland has a GDP of $499 billion [1]. That would mean an external debt of $228 billion would be 46% of GDP, not 700%. I wonder what other numbers are wrong in that table.
104.
by boole1854 4y ago
Very little pressure. https://fred.stlouisfed.org/graph/?g=UtqF Interest payments relative to federal tax receipts are at multi-decade lows. Some other important points to remember: - $5.7 trillion of the debt is held
105.
by boole1854 4y ago
You are correct. I will edit.
106.
by boole1854 4y ago
This is not a correct summary of the results of the paper. First, you cut out the initial part of the sentence about improving on Strassen's two-level algorithm. Here is the complete sentence: > Particularly relevant is the case of
107.
by boole1854 4y ago
The parent merely suggested not focusing on bad news "all the time" -- they did not recommend ignoring bad news altogether.
108.
by boole1854 4y ago
The famous interview where (we now know) he lied came after he was banned again by chess.com. As stated in the report, the reason he was banned again was that the insinuations from Magnus caused the chess.com team to reevaluate whether or
109.
by boole1854 4y ago
Issuing governance debt is definitely different from increasing the money supply ("printing money"). Debt can be financed by borrowing from the domestic or foreign private sector or from foreign governments / central banks.
110.
by boole1854 4y ago
Both the Census and BLS data I cited above is adjusted for purchasing power differences between 1994 and 2021.
111.
by boole1854 4y ago
> History teaches us that inflation will continue as long as the government keeps printing fiat money with no backing. The government (to be correct we should say: the Federal Reserve) has not been "printing money" for around a
112.
by boole1854 4y ago
I have spot checked the data cited there to compare with the Census data... The 'median' earnings data they cite comes from the BLS 'usual weekly earnings' release. One can check that release on the bls.gov website. It i
113.
by boole1854 4y ago
> It is a fact that incomes have not risen for decades Is this a fact? I just checked the data from the US Census Bureau [1]. Here is what I see (all numbers inflation-adjusted to 2021 equivalent [2]). Note: I chose 1994 as the compariso
114.
by boole1854 4y ago
> Inflation adjusted nothing the government is selling is earning other than I-bonds (individual yearly buy limit of $15K). Inflation-indexed long term US treasuries are now earning positive rates of interest. See https://fr
115.
by boole1854 4y ago
> siphoning nearly a trillion dollars out of the productive economy Not exactly correct. While the global crypto market cap is currently around a trillion dollars (and was higher in the recent past), this is vastly different than it bein
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by boole1854 4y ago
> Unfortunately that 'Friedman rule' belief relies upon there being a fixed amount of money and a one-to-one relationship between money and stuff. I'm not sure what you mean by this. The Friedman rule does not assume there
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by boole1854 4y ago
> Having said that paying interest on sovereign debt is, effectively, a basic income for people who have money. Getting rid of it is a tax on rich people with savings. A zero nominal interest rate, while possible, generally requires the
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by boole1854 4y ago
You may be interested in reading about the history of the quantity theory of money, particularly the disputes about it in the 19th century. In particular, the British "Banking School" was opposed to the quantity theory of the &quo
119.
by boole1854 4y ago
That seems to, again, say that Erdogan believes high interest rates are forbidden under Islamic law; but that is different than saying that the Quran says high interest rates cause inflation (as the parent claimed Erdogan believed). To
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by boole1854 4y ago
> What is described here is something I also struggle with - the obligation to explain my worldview to others. [...] What I see as matter-of-fact can make others extremely sad. Hopefully I'm not making the struggle worse by asking t

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