ergoproxy

11 ms·

31.
by ergoproxy 13y ago
The nun was convicted under the 1918 Federal Sabotage Act as amended by the 2001 PATRIOT act. Those laws were designed to deal with saboteurs, spies, and bomb making terrorists. See 18 U.S. Code § 2155 - Destruction of national-defense mate
32.
by ergoproxy 13y ago
Adam Smith's LTV also solves the Paradox of Value just as well as Marginalism: "The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it" (Book
33.
by ergoproxy 13y ago
In a nutshell: If I want fast, cheap internet, then I should get the heck out of the US (where there's no competition and no government enforcement of anti-trust law, competition law, or consumer protection law); vote with my feet; and
34.
by ergoproxy 13y ago
Neither... Chess is not a game of skill. Nor is it a game of chance. Chess is a game of memorization -- Memorize all the opening books, all solved end-games, and every famous historical game ever played, and you too can be a great chess pl
35.
by ergoproxy 13y ago
From the article: "Amazon has successfully fostered the idea that a book is a thing of minimal value." Adam Smith discovered the Paradox of Value : "Nothing is more useful than water: but it will purchase scarcely anything;
36.
by ergoproxy 13y ago
This story mentions Fermat's theorem that every prime congruent to 1 modulo 4 is a sum of two squares. Fermat provided no proof of this theorem. There are at least four different proofs, attributable to Euler, Lagrange, Dedekind and Za
37.
by ergoproxy 13y ago
It doesn't matter whether robots or humans are teaching your kids, if the whole approach to education is wrong: Current model of education: Multidisciplinary, value-free, with an emphasis on standardized tests. Compare this to: Alfred
38.
by ergoproxy 13y ago
International comparisons were also done: US respondents answered the question about the Earth going around the Sun correctly (74%) more often than Europeans (66%). South Koreans answered this correctly 86% of the time. There were a couple
39.
by ergoproxy 13y ago
Direct pdf link: http://farside.ph.utexas.edu/teaching/qm/389.pdf N.B. this is a grad level course. The same author has another set of notes on QM intended for upper-division undergraduate physics majors here: ht
40.
by ergoproxy 13y ago
Of the billionaires on Forbes top 100, only 1 has a Ph.D. By contrast, a couple are high school drop-outs and a fair number are college drop-outs. Source: http://answers.yahoo.com/question/index?qid=20100505134335AA...
41.
by ergoproxy 13y ago
In Tom Perkin's neo-Feudalistic utopia, do I get votes for all the payroll taxes, sales taxes, excise taxes, property taxes, and government fees (e.g., car registration) I pay? ("Fees" are taxes too. They're called &quot
42.
by ergoproxy 13y ago
When silicon valley execs collude to lower wages, there's effectively one employer for high tech workers; and in a monopsonistic labor market, raising wages doesn't reduce employment, it actually increases employment, increases ou
43.
by ergoproxy 13y ago
But we already have $hit for currency--the US dollar. Ben Bernake is pinching off $2.793B/day. Compared with the US dollar, cow pies have actual intrinsic value: 1. You can burn them to make heat or electricity. By contrast, it is ille
44.
by ergoproxy 13y ago
> The Gov has guaranteed all of these! The word "guarantee" gets tossed around a lot, but it's misleading: Fannie and Freddie's "implicit guarantee" only means that the government will lend these GSEs fund
45.
by ergoproxy 13y ago
> the Fed actually eventually made a profit on the toxic debt they acquired during the bailouts. The Fed made $90B in profits in 2012, but they were only able to do this by printing $85B per month in QE. In other words, they're pri
46.
Dominic Frisby crowdfunding his new book "Bitcoin – The Future Of Money?"(unbound.co.uk)
1 points by ergoproxy 13y ago|0 comments
47.
by ergoproxy 13y ago
> the Fed is purchasing agency MBSs at market rates In what way are they "market rates" when the Fed printed $1.5T out of thin air to purchase them? Rather, The Fed is using its market power to set the prices of MBSs.
48.
by ergoproxy 13y ago
Bear Stearns failed mid-March 2008. Despite this, on March 27, 2008 Mark Hulbert gave serious weight to Richard Band's prediction of an "uptrend that could carry the blue chip indexes to all-time highs by late 2008 or early 2009.
49.
by ergoproxy 13y ago
It's important to note that the Fed is purchasing these securities at "face value"...they're not doing any kind of valuation. Lawrence Hunter wrote an op-ed for Forbes back in 2012 saying the Fed's (at the time) &qu
50.
by ergoproxy 13y ago
I think people are missing the main point. Debt-equity swaps have been a major tool of the Federal Reserve in bailing out TBTF banks. Here's how it works: I'm a banker. I paid $10B for MBSes in 2007. Big mistake. In 2008, their va
51.
by ergoproxy 13y ago
Chris Hedges took the red pill, and Agent Smith told him, "I'd like to share a revelation that I've had during my time here. It came to me when I tried to classify your species. I've realized that you are not actually ma
52.
by ergoproxy 13y ago
The NSA's been around since 1952, but what the 2001 Patriot Act did was to amend the 1978 FISA law to setup secret courts to issue secret warrants to conduct secret searches, and the NSA only had to report the number of such warran
53.
by ergoproxy 13y ago
But what percentage of felons register as Libertarians? Funny how people aren't that interested in politics until they go to prison... 35% of Americans aren't registered to vote. Only 57.5% of eligible voters actually vote. Among
54.
by ergoproxy 13y ago
The only thing all libertarians hold in common is a strong belief in individual freedom . Different factions of libertarian construe freedom differently. Noam Chomsky opposes Corporate power, Government power, and Patriarchal power in th
55.
by ergoproxy 13y ago
Over time, technology will solve this problem. Professors will get replaced by robots and pre-recorded video lectures. There's already NLP AIs that can grade research papers. Technology to check papers for plagiarism and grade tests ha
56.
by ergoproxy 13y ago
Tim Cook borrows $150B and uses it to buy Apple stock. This shifts the demand curve for Apple stock out (to the right). The equilibrium price of Apple stock rises. Tim Cook sells his stock at the new higher price. He profits. More likely Jo
57.
by ergoproxy 13y ago
My best friend built a neural network based trading system in 1994. He risked his $100,000 inheritance on it. His parents were killed by terrorists in the First Intifada and left him this money. Central banking intervention into the US bond
58.
by ergoproxy 13y ago
> Tom Perkins [...] wrote a letter about it [...] And the Wall Street Journal published it. Until a few years ago, Perkins was on the board of directors of Rupert Murdoch's NewsCorp, which owns the WSJ... Probably still a big stock
59.
by ergoproxy 13y ago
Damn straight. Look here: "Apple's [Tim] Cook told [Carl] Icahn that he's still studying Icahn's proposal to buy back $150 billion worth of the company's stock." Source: http://www.cnbc.com/id&#
60.
by ergoproxy 13y ago
We just saw that big tech firms collude to hold down employee pay! See https://news.ycombinator.com/item?id=1699529 That means, in effect, there's only one employer in the tech industry. So the labor market in tech is

More ›