jganetsk

9 ms·

31.
by jganetsk 6y ago
Meritocracy is a concept that was invented to be critiqued. The word meritocracy was coined in 1958 by British sociologist Michael Young in his dystopian satire the Rise of Meritocracy. In his book, children are subjected to rigorous and hi
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by jganetsk 6y ago
Also other practical consequences of solar and wind: what about land usage? How much land do we need to power our huge appetite for energy? What impact does that have on the environment? Mining for rare Earth minerals? How do we recycle the
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by jganetsk 6y ago
> For the record, reserve requirements are not universal. Canada, for one, eliminate theirs in 1992: Yes! This! In fact, not only does the Canadian system have zero reserve requirements... it has near zero reserves . https://
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by jganetsk 6y ago
Repeat After Me: Banks Cannot And Do Not "Lend Out" Reserves By Standard and Poor's https://www.kreditordnung.info/docs/S_and_P__Repeat_After_Me...
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by jganetsk 6y ago
I'm not saying that we didn't print money this year. I'm arguing over how we measure the quantity of the money supply. I am saying that government debt = the quantity of money. "The federal government ran a budget defici
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by jganetsk 6y ago
There exists many values of X where borrowing money from X constitutes printing money. For example, when you borrow money from a bank, the bank prints money. It credits your account with new money, it does not transfer money into your accou
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by jganetsk 6y ago
No. I think what the poster is saying is that running a government deficit is printing money. Fiscal policy is money printing, not monetary policy. This is very much not what is colloquially known as money printing, rather it's the bas
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by jganetsk 6y ago
Yes, the idea is each ordering key is assigned to a single subscriber client, and all messages for that key are sent in order to that client. There is effectively a cursor which is advanced by acking. When we reassign the key to another cli
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by jganetsk 6y ago
They should have used existential types instead of having so many type parameters. I rewrote it with existential types and it was cleaner. This is probably due to the author importing an example from Haskell, language where existential type
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by jganetsk 6y ago
> Closed-world ("sealed") traits. Rust's rules against private types in the public API are good civilization but they make it difficult to define pseudo-private traits like Mount that I want users to name but not implement
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by jganetsk 6y ago
You might have had a migraine aura. I have them. One of my coworkers has them too, and they told him it was retina detachment, until he had an episode that lasted one hour before going right back to normal. That was a clue that it was migra
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by jganetsk 6y ago
Heidi Howard is incredible and her work on distributed consensus is illuminating. I think she has actually successfully cracked the cookie of "making consensus easy". https://www.youtube.com/watch?v=KTHOwgpMIiU
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by jganetsk 7y ago
Maybe it's just profitability is dangerous for the economy. https://thenextrecession.wordpress.com/category/profitabilit...
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by jganetsk 7y ago
> Reserve requirement were at 10%. This is very simplistic. 10% of what? Checking account deposits? Savings account deposits? If savings and checking accounts have different reserve requirements (and afaik they do), then depositors just
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by jganetsk 7y ago
Reserve requirements never really limited the ability of banks to create money. Canada hasn't had reserve requirements for >20 years. Neither does the UK, New Zealand, Australia, Sweden and Hong Kong. But all banks are indeed subjec
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by jganetsk 7y ago
Here's an educational video on the topic: https://www.youtube.com/watch?v=LW3HZwBDpiU
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by jganetsk 7y ago
"As a result, a Unison codebase can be versioned and synchronized with Git or any similar tool and will never generate a conflict in those tools" Conflicts are a feature, not a bug. If two developers are making divergent changes i
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by jganetsk 7y ago
At first, this sounds like a great idea. On second thought, I have two major categories of concerns: 1) If I fix a bug in a function, (thus creating a new version of an existing function) how do I propagate that fix to all that code that tr
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Spotify’s Event Delivery – Life in the Cloud(labs.spotify.com)
2 points by jganetsk 7y ago|0 comments
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by jganetsk 7y ago
I would like to know how much of American dematerialization is just exporting materialization to China. They make our stuff, we import it. Does that count as materials consumed by Americans? Note that they mention the great reversal startin
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by jganetsk 7y ago
Are you sure issuing money to pay off debt leads to inflation? Citation needed. I assume you would cite the quantity theory of money [1], which says that "the general price level of goods and services is directly proportional to the am
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by jganetsk 7y ago
The idea that a government with control over its own currency can print money to pay debt without significant inflation is a part of Modern Monetary Theory. Here's a blog post explaining it: http://bilbo.economicoutlook.net&
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by jganetsk 7y ago
I have always wondered if the "deep state" is just effectively a synonym for the US Constitution. Everyone working in the government has sworn an oath to the Constitution, not to Trump. Any perception of coordinated efforts unalig
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by jganetsk 7y ago
> yet it can run out and cause entire nations to go into chaos. Since it is literally a sociological experiment, are we going to get to the point where we fine tune the allotment such that we disable down-turns? Yes. Money comes into exi
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by jganetsk 8y ago
I think you misread the graph. The former USSR states drops from 6 to 4.
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by jganetsk 8y ago
cron jobs in knative: https://www.knative.dev/docs/eventing/samples/cronjob-source...
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by jganetsk 8y ago
Cron jobs in knative: https://www.knative.dev/docs/eventing/samples/cronjob-source...
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by jganetsk 8y ago
Because countries' railroad networks tend to optimize either for freight or for passenger service. They compete with each other. America has one of the best freight networks in the world. https://www.thetransportpolitic.com&
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by jganetsk 8y ago
They undervalue their currency by pinning it to the dollar. So investing in RMB is equivalent, in terms of risk, to investing in the USD. And there's plenty of demand for investing in USD.
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by jganetsk 8y ago
The L train is frequently shut down at night and weekends for maintenance. That's not what people are screaming about. Shutting down the L train for 5 hours, like the London underground, happens often and is OK. Shutting down the L tra

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