irln

16 ms·

121.
by irln 11y ago
This is not an indictment of the Fed, but with respect the Federal Reserve == the banks.
122.
by irln 11y ago
I think the thing that people have the most trouble with is assessing the "objectivity" of the arbiter that controls the money supply ("the fed) and at least the "perception" that fed actions benefit those that have
123.
by irln 11y ago
I agree. Too often sweeping viewpoints are made without data. The crazy part is this is not some grand hidden conspiracy, the data is out there to explore and use to support arguments for and against the fed. [1][2] [1] http://
124.
by irln 11y ago
One possible downside is that it undermines the "clearing" of a market. That is clearing the things that haven't worked.
125.
by irln 11y ago
Interesting point. Of the $2.46 Trillion of treasury holdings, $638 Billion have a duration of 10+ years [1]. Of the $1.7 Trillion of MBS, not surprisingly almost all are over 10 years. [1] http://www.federalreserve.gov/rel
126.
by irln 11y ago
The fractional reserve system on its own is not necessarily the issue so long as those making the loans fairly value the assets that collateralize the loan. Which also dictates that the loans be collateralized in the first place :)
127.
by irln 11y ago
Some have argued that the reserves no longer exist in practical terms. [1] [1] http://www.ny.frb.org/research/epr/02v08n1/0205benn/0205benn... tl;dr "They attribute the diminished force of the requi
128.
by irln 11y ago
Not more capitalism :), just determining a better way to manage the money supply then a few folks on the board of central banks. If we could somehow connect an increase or decrease of the money supply to a classic market definition (e.g. p
129.
by irln 11y ago
You've identified one of the key defects in capitalism today...the disconnect of a "true" market where value is measured by folk's willingness to pay for things.
130.
by irln 11y ago
It depends upon whether capitalism == the current form of managing the money supply (e.g. fractional reserve loans, Federal Reserve's open market operations).
131.
by irln 11y ago
Education today puts way too much emphasis on the education as the end instead of it being a means to an end. Students are, understandably, so caught up in achieving a grade to "level up" instead of a) really learning the materia
132.
Ask HN: What is the highest fidelity timestamp of a stock exchange trade?
2 points by irln 11y ago|1 comments
133.
by irln 11y ago
First, I didn't intend making a "statement". I made an innocent, if not necessarily crystal clear, comment which attempted to give one person's experience to those that have already chosen to have a child. NOT a comment
134.
by irln 11y ago
Louis CK has pretty amazing insight...I'll check it out.
135.
by irln 11y ago
I didn't tell anyone to do anything because I'm older. I shared that if you do choose to have a family one person's experience is that you will cherish the moments you are serving your children. And I share this as someone wh
136.
by irln 11y ago
This is NOT a sarcastic comment nor a defense of centrally planned economies: which country(s) has a free market economy post the 2008 financial crisis?
137.
by irln 11y ago
Nowhere in my comment did I say that everyone wants a kid nor that they are a failure at life if they don't have one. What I said was in response to the comment about family life being boring.
138.
by irln 11y ago
I'm not saying that everyone feels the meaning given by those tasks. IMHO, if you asked those same men "overworking to avoid going home" what they regret later in life, not being with their kids will rank very high.
139.
by irln 11y ago
Please don't take this the wrong way and this is just one man's opinion. When that 3 year old girl is older and naturally becomes independent and moves on from you to the next steps in her life, that pretend grocery store experie
140.
by irln 11y ago
When you're young you might feel the tedium of taking care of a kiddo...drudgery of the daily regime. But as you get older you realize that the effort or lack thereof you put into those tasks can give life great meaning or be your big
141.
by irln 11y ago
Given the fed's 4.5 Trillion dollar balance sheet[1] and paying 25 basis points for excess reserves [2] while getting 33 basis points on 1 year or more treasuries [3] I'm not sure I don't see any "US is forced to re bala
142.
by irln 11y ago
I believe when they decided to devalue their currency it impacted their stock market and unfortunately all central banks are now beholden to their individual equity markets and therefore "had" to take action.
143.
by irln 11y ago
Was wondering about the impact of lifting US Oil exports and ran across some interesting research: http://www.aspeninstitute.org/sites/default/files/content/up... http://www.wsj.com/artic
144.
by irln 11y ago
Constructive criticism. You don't mention in the video what a flexbox is :) Granted, googling flexbox is easy but I'd add a quick blurb in 10-20 seconds telling those who don't know me<--- what they are first. BTW: I wil
145.
by irln 11y ago
With respect to "China's reaction is more panic-driven", check out the following three charts of US Fed policy which I would argue were "panic-driven" based upon magnitude of the intervention when compared historica
146.
by irln 11y ago
One other point is in a cashless society it becomes easier to institute a negative interest rate policy. https://en.wikipedia.org/wiki/Interest_rate#Negative_interes...
147.
by irln 11y ago
I'll definitely check this out. I currently use Google docs...usually the title of the doc in the form of a question where the doc is the answer. The search varies in terms of accuracy from revision to revision.
148.
by irln 11y ago
If only I could time travel into the future and ask your 30 year older self whether you agree with your 30 year younger self's comment. :)
149.
by irln 11y ago
Will all due respect, for an old guy, I like large fonts :)
150.
by irln 11y ago
NeXTSTEP was so ahead of its time. I wrote many sets of documentation (yes the printed kind) on my pizza box using FrameMaker. Best writing experience to this day.

More ›