bubbleRefuge

9 ms·

61.
by bubbleRefuge 3y ago
No to mention the brain drain/opportunity costs of employing people working in the tax prep software industry when they could be solving more other more useful problems.
62.
by bubbleRefuge 3y ago
Well the pubic key would refresh and the other side could see that. I think whatsapp already sends public key refreshes anyway.
63.
by bubbleRefuge 3y ago
I think in certain countries there are easier ways to clone numbers and also to generate links to switch a whatsapp account to another phone. Attackers will then hijack the account and send out SOS status updates and messages to con
64.
by bubbleRefuge 4y ago
Remote since 2016 . 20+ years in software. Single father with full custody of 2 kids who were 13 and 8 when i went 100% Remote. Its a Godsend . When I don't have my kids, I travel and work in exotic places (digital nomading) where
65.
by bubbleRefuge 4y ago
I agree. Large projects become small projects. Bringing custom development to the masses.
66.
by bubbleRefuge 4y ago
Interesting, point. But won't, there be allot of so called AI whisperers who train and own models that are very good.
67.
by bubbleRefuge 4y ago
100% correct. Why is this same logic not used for SS and medicare?
68.
by bubbleRefuge 4y ago
no money was a receipt for a gold bar amount which is not very fungible. How does basic econonmics go away ?
69.
by bubbleRefuge 4y ago
Latest Atlanta Fed GDP now forecast -with a good history of accuracy- was above 3% annualized growth for this quarter.
70.
by bubbleRefuge 4y ago
No I don't think so. Dollars sitting in a bank have zero utility. At the end of the day what is worth more in real terms, an IPhone today or some 1000 dollar deposit for tomorrow ? So who winning in that trade off?
71.
by bubbleRefuge 4y ago
In order for China to continue to export to America which they obviously want todo, they have to maintain exchange rates stable. The only way for them to do this is to accumulate dollars.
72.
by bubbleRefuge 4y ago
The Fed government as an issuer of currency can fund anything to infinity so long as Congress authorizes it. They change numbers in a spread sheet to create money. Rules like FDIC insurance are vestiges of a gold standard era when money was
73.
by bubbleRefuge 4y ago
I'd say get rid of all federal taxes except a real estate tax which I find to be fair. The bigger , the more valuable the more you pay. And then distribute money to the states on a per capita basis. States have funding problems. Espe
74.
by bubbleRefuge 4y ago
Well yeah and I think the main difference is that MMT ( and it has been called chartalism as well) recognizes that money derives it value from the state via the imposition of taxes at the barrel of a gun ( you goto jail if you don't pa
75.
by bubbleRefuge 4y ago
but those others believe taxes fund federal government which MMT has shown to be not exactly true.
76.
by bubbleRefuge 4y ago
matter how in this context? deposits should be 100% sound in order to have a payments system. this is for public good.
77.
by bubbleRefuge 4y ago
banks don not lend deposits per say. this is an anachronism. banks make loans and loans create deposits. there is not a dependency on deposit funding loans. banks create loans on demand so long as they meet capital requirements. deposits
78.
by bubbleRefuge 4y ago
upvote! MMT founders think we can eliminate income taxes and get by with state taxes. One has said a national real estate tax would be fair in leu of income taxes. But they all agree taxing is necessary to maitain demand/need for the c
79.
by bubbleRefuge 4y ago
The fed has a spreadsheet for which it can enter infinite amounts.
80.
by bubbleRefuge 4y ago
risk = 0 with unlimited deposit insurance. what am I missing.
81.
by bubbleRefuge 4y ago
what ? explain.
82.
by bubbleRefuge 4y ago
agree with all except your last sentence . whats the issue ?
83.
by bubbleRefuge 4y ago
One prediction : no more bank runs.
84.
by bubbleRefuge 4y ago
That make no sense. I don't spend money on things because I'm afraid of loosing my deposit in the bank. My point is if I have 1M I want to deposit safely, then I have to make 5 FDIC accounts instead of just 1.
85.
by bubbleRefuge 4y ago
Pretty Simple fix. Have the fed backstop all depositors to infinity. Today there are no limits on the number of 250k FDIC insured deposits. Logically the same thing as insuring a single account to infinity.
86.
by bubbleRefuge 4y ago
reserve requirements are based on deposits/liabilities. Capital requirements are what allows or disallows a bank from making loans.
87.
by bubbleRefuge 4y ago
Yeah. Sounds good. The bank needs reserves, order federal money, base, or inside money(call it what you want) to meet deposit liabilities when they are called such as when the deposit owner writes a check to another bank or when funds are
88.
by bubbleRefuge 4y ago
The Fed logically cannot target both monetary aggregates and interest rate levels at the same time. Its impossible by definition. They operate interest rate policy by buying and selling assets (treasuries and Interest on reserve accounts) i
89.
by bubbleRefuge 4y ago
If the bank that creates the loan and subsequent deposit is the same bank, then its like creating money out of thin air, as they would be responsible for the reserve requirement imposed on them by that deposit. Reserve requirements can be
90.
by bubbleRefuge 4y ago
Moving the goal posts. Loans are contracts that create deposits. What you do with your deposit is a separate operation.

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