irln

13 ms·

61.
by irln 9y ago
> In practical terms I don't see how this is necessarily a huge issue in the one case and not in the other. In the case of fiat currency, the supply of money is based primarily on 1) Increases/Decreases in the loans provided by
62.
by irln 9y ago
An understanding of how to authenticate the blockchain and transactions is obviously essential, however, I haven't seen the same level of discussion on the affects of managing (or lack of managing) the crypto-currency's money supp
63.
by irln 10y ago
This is my second pass at the Fundamentals course and it's great the way they've updated it with the latest conventions (e.g. using es6 class syntax, webpack 2, React Router 4, and more).
64.
by irln 10y ago
Just saw it tonight and can't understand why all the critics panned it. By today's standards of what makes a good movie I thought it was great.
65.
by irln 10y ago
Agreed. Pharma is managing their expenses and profitability based upon the ability to charge much higher prices in the US. Take that away and suddenly everyone outside the US will have to pay more -or- Pharma will have to rethink their busi
66.
by irln 10y ago
It would seem the biggest impediment to the "fairness" and successful implementation of a free market is the ability of the participants to have access to perfect information.
67.
by irln 10y ago
No sarcasm intended here: Does it matter in terms of social utility whether these types of predictive models are making predictions of human decisions to buy or sell a stock versus predictions of AI based decisions to buy or sell a stock?
68.
by irln 10y ago
It seems like a major influence in the price of oil is the US Dollar, [1][2] rather than geopolitical issues. [1] Price of Oil Chart: https://fred.stlouisfed.org/series/DCOILWTICO [2] Dolar Chart: https://fr
69.
by irln 10y ago
Here are some references to my main assertion that reserve requirements don't limit a bank's ability to loan, instead capital requirements are the limiting factor. Another good source from digi_owl: http://www.bankofeng
70.
by irln 10y ago
> That legal fractional reserve requirement acts like a powerful lever on how much money banks can create. With respect that is not accurate. [1][2] [1] http://www.cnbc.com/id/100880857 [2] http://www.cn
71.
by irln 10y ago
> Anyone creates "money" every time they lend. Banks do a lot of lending, so they're definitely involved. But even opening a bar tab creates "money" (more accurately, "credit"). I believe that's on
72.
by irln 10y ago
> Fractional-reserve has crap all to do with it, but their lending do indeed introduce new money into circulation. Do you mean that money creation has little to do with the reserve requirement?
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The future is now(youtube.com)
1 points by irln 10y ago|0 comments
74.
by irln 10y ago
For context, this is the ramp up of student loans: https://fred.stlouisfed.org/graph/?g=nQY and https://fred.stlouisfed.org/series/TOTALGOV .
75.
by irln 10y ago
If investing in Treasuries and Savings accounts are considered hoarding or "dead money" that's +/-$13T to $19T depending upon how you look at it for Treasuries [1] and $8.6T for savings [2]. [1] http://treasur
76.
by irln 10y ago
> but stored cash/assets are dead weight Curious, are US treasuries or interest in a savings account considered "dead weight" in your definition?
77.
by irln 10y ago
> They want your money to lend to other people at yet higher interest rates. If they don't have reserves they can't make loans and they go out of business, so they pay you a premium for your deposits. As I understand it banks d
78.
by irln 10y ago
Wow, I didn't imagine the possibility of creating a different exchange rate for cash versus deposits. Surely this could not be implemented by the US central bank without new legislation? Many thanks for the reference to the IMF publica
79.
by irln 10y ago
> I assumed this was an underlying requirement of a health currency? You've just identified the most difficult problem facing the financial world today: how to expand the money supply at a rate that's fair to all market partici
80.
by irln 10y ago
This is spot on. > banks will eventually start looking more like investment intermediaries As you stated if you divorce payments from lending they are simply investment intermediaries. I'd argue that today the payment systems versus
81.
by irln 10y ago
I would also argue that the inability to impose negative interest rates on cash is an even bigger problem from their perspective than anonymity.
82.
by irln 10y ago
For the down votes, I didn't ask how to circumvent, I asked whether you circumvent. I guess the down votes are data points as well.
83.
by irln 10y ago
I appreciate it but for me it requires an additional step. Your response, in addition to being thoughtful is one data point to answering my initial question :).
84.
by irln 10y ago
This article to the Washington Post has a pay wall. Given the number of comments in this thread I wonder if the HN community has a large proportion of subscribers to WP or do folks simply circumvent it?
85.
by irln 10y ago
> objectively regulate I think you misunderstood...regulate as in increase or decrease the creation of the medium of exchange through technology, not government entity.
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by irln 10y ago
Because it is an insanely interesting problem to try and solve technically. That is, a medium of exchange is essential to a modern economy and yet how to objectively regulate the supply of that medium of exchange without exploitation can be
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A monkey reacts to unequal pay(youtube.com)
3 points by irln 10y ago|0 comments
88.
by irln 10y ago
No sarcasm intended here: Is the highest abstracted benefit of Universal basic income (other than the benefit to those that receive the basic income) that you cut out the middle person in social welfare distribution?
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Ask HN: How autonomous is the new Atlas from Boston Dynamics?
2 points by irln 11y ago|0 comments
90.
by irln 11y ago
One thing that rings true is that the most difficult part of discovering an answer is formulating the "correct" question. Once you can articulate the actual question, finding the answer is straight forward.

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