jbay808

43 ms·

481.
by jbay808 5y ago
Just like the difference between movie theatres vs home theatres, arcades can be a very different and more (or less) social experience than playing games at home, but the appeal might depend more on what your home is like than what the arca
482.
by jbay808 5y ago
Negative interest rates increase the money supply though, and explode the valuations of real estate and other assets.
483.
by jbay808 5y ago
Turns out that the first soft landing on Mars was also by the USSR, in 1971. Who knew?
484.
by jbay808 5y ago
I think that evidence from China's real estate bubble suggests that no matter how much of a supply excess you build, it might not bring down prices as long as the macro environment favours real estate as an investment, because demand
485.
by jbay808 5y ago
I'm not quite sure in what sense you're using the 19th century as a reference here. As an example of a time of rapid technological change? As a time before central bank inflation targeting?
486.
by jbay808 5y ago
I don't personally think low inflation, or even deflation, are so bad, but that idea is at the heart of central bank policy frameworks.
487.
by jbay808 5y ago
They did also deploy aerostats, although not with synthetic aperture radar: https://en.m.wikipedia.org/wiki/Vega_program
488.
by jbay808 5y ago
It's arbitrary but I got those numbers from economist John Taylor, who knows more than I do. Maybe zero inflation would be better.
489.
by jbay808 5y ago
It's not just specific goods; technology and automation reduces the cost of almost everything in the consumer price index, from food to transportation to energy (although probably not shelter). I think if you search for "technol
490.
by jbay808 5y ago
My preferred policy would be to have central banks adjust rates to maintain inflation at 2% average, and more gradually have governments adjust UBI to maintain a central bank interest rate average at 5%. (You can certainly have the input to
491.
by jbay808 5y ago
Why do you say this? Most economists I've read do consider technology, automation and demographics as the primary underlying deflationary forces, beyond the to-and-fro of business and financial cycles. I could come up with a lot of ci
492.
by jbay808 5y ago
On the macro scale, this results in deflation, which the central bank attempts to cancel out by implementing interest rate cuts, which pulls money into stock market valuations and mortgages, so ultimately the beneficiary of CNC mills are re
493.
by jbay808 5y ago
I'm currently realizing that laying out a moderately complex PCB can take more than a week, but there's not much to be gained from breaking it up into smaller pieces. You kind of just have to do it.
494.
by jbay808 5y ago
> Water only ever remains inside the pipes that carry it. If only! My apartment was recently destroyed by water that refused to do exactly that... Electricity also doesn't freeze solid, expand, and break open its insulation; it doe
495.
by jbay808 5y ago
I think YZF just mis-parsed your sentence, and thought you meant a thou is for very high precision work, while you meant that a tenth is for very high precision work. (That said, I'd add -- measuring to one part in 10^6, for anything e
496.
by jbay808 5y ago
> Engineering was a lot more than writing code back then. (It still is!)
497.
by jbay808 5y ago
> That wasn’t allowed externally because needing a search function was an indication that the UX designer failed. That's a fascinating dynamic. We can't make our product better, because that would suggest that it isn't al
498.
by jbay808 5y ago
I'd guess that precious metals investors would say that they're awaiting a correction (to the upside) in gold prices, if it weren't for the confusion that that would cause.
499.
by jbay808 5y ago
7 percent inflation over a decade is one doubling, so it cuts your 100x return down to 50x. That seems like it might move some needles on valuations. Meanwhile, the money you invest will also not create quite as much runway for the companie
500.
by jbay808 5y ago
Parsnips are probably my favourite root vegetable. So much flavour!
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by jbay808 5y ago
That's pretty unique to the US, I think. Canada has no comparable product and the difference between "fixed" and "variable rate" mortgages here is that fixed mortgages are fixed for five years.
502.
by jbay808 5y ago
Safer and more stable relative to GME, absolutely. But I'm also worried about the very large group people that have thrown most of their savings into the S&P 500.
503.
by jbay808 5y ago
It's very sad. I strongly believe that far, far fewer people would be doing this kind of risk-taking if their savings account was yielding at or above inflation, as it did from the 80s to around 2005.
504.
by jbay808 5y ago
Well, I'm not making a claim in favour of any particular system, merely answering this question: > Wait, HOW does inequality render assumptions about free markers maximising social utility invalid? by showing that there is no partic
505.
by jbay808 5y ago
I bet that the trauma was even stronger in the USSR, which lost unfathomable numbers, and that maybe that generational trauma -- even moreso than communism -- resulted in the hawkish, militaristic, paranoid, confrontational, guns-before-but
506.
by jbay808 5y ago
I suppose I should have clarified that I was asking about the system that currently exists :)
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by jbay808 5y ago
Is the market for credit a free market, even approximately?
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by jbay808 5y ago
I agree. Central bank policy should be analyzed the same way as other feedback contollers. It's popularly believed that furnaces provide heat, but in fact, furnace activity closely correlates with low temperatures, and indeed furnac
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by jbay808 5y ago
I think it's single in the sense that only a single failure in any of those points would render the entire project a failure, not that there's only one point that can possibly fail. Contrast, say, a single-engine jet plane with
510.
by jbay808 5y ago
> I find it very hard to believe that PageRank is still the same PageRank that we understood in 1998. It's not, because as good as PageRank was, it was vulnerable to being exploited by link farms, which started popping up in its wak

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