jonkho

24 ms·

61.
by jonkho 5y ago
A broken hydraulic if that. Interest rates have been pushed down and stayed down over the decades.
62.
by jonkho 5y ago
Which gold standard? Bretton woods wasn’t it (only state actors could redeem). Literally the history of boom and busts are from the excesses of money printing.
63.
by jonkho 5y ago
Opportunity abounds in the defi crypto space. Being a liquidity pool provider on a usd stable coin pair yields ~40% apy currently[1]. [1] https://app.beefy.finance/
64.
by jonkho 6y ago
Do you think you may be unsuccessful and get blown away by their own security apparatus?
65.
by jonkho 6y ago
Yet another reminder: looting perhaps already started elsewhere in other parts of the country. Also the Rodney king riots had a precedent of looting. Learning from past lessons would be wise. Also as you imply, why would being treated poorl
66.
by jonkho 6y ago
*wide-spread looting lasting for days and days on private businesses. Tally the dollar amounts and do the math. I stand by my point 100%.
67.
by jonkho 6y ago
Reminder: BLM protests had wide-scale looting. Looters breaking into luxury stores and hauling off with anything not bolted down. Not the same scope. Not the same standard.
68.
by jonkho 6y ago
Not until the USD loses reserve status. Until then, it’s cheaper to print and export these USD tokens for imports rather than to exert labor to make stuff to trade for imports.
69.
by jonkho 6y ago
Hard assets such as real estate and buildings are hardly considered virtual. More real than printed up dollars I’d say.
70.
by jonkho 6y ago
Because the self interest is to have cheap food. No majority would vote to have high menu prices.
71.
by jonkho 6y ago
Imagine a restaurant whose menu and prices were voted on by the people at large. What would happen? The menu would look deranged and prices would be too darn low for the restaurant to function in an economically viable manner. The whole res
72.
by jonkho 6y ago
The agents in a system tends to work in the way the system incentivizes them. Understand the forces of these incentives to predict behavior.
73.
by jonkho 6y ago
Victimhood need not apply here. On balance, your employer decides the benefits of using a Mac outweighs the cons. On balance, you decide the benefits of staying on the job outweighs the cons of using a Mac. The world is not perfect and is
74.
by jonkho 6y ago
Right. Your's a textbook answer to the textbook question. What are the causes of bank panics? Who are the winners and losers of this inflationary intervention/"reduction" of recessions? If the winners of these policies c
75.
by jonkho 6y ago
Says you. Like all interventions, there are winners AND losers from this type of intervention.
76.
by jonkho 6y ago
Money is a social construct. This social construct is valuable. Why? Because this construct solves the problems associated with bartering by allowing us to frictionlessly keep track of who owes what and how much to whom (claims on goods and
77.
by jonkho 6y ago
From the macroeconomic perspective, since the US dollar had reserve status and unlimited foreign demand, it just becomes more efficient to print and export dollar bills and import real goods than to actually exert physical labor to produce
78.
by jonkho 6y ago
How about law as a subscription service? The maxim is if it has value in people’s eyes, then people should be willing to pay a monthly fee for it, voluntarily and without coercion.
79.
by jonkho 6y ago
The latest news that the majority of young adults in US live with parents. https://www.pewresearch.org/fact-tank/2020/09/04/a-majority-...
80.
by jonkho 6y ago
FYI: Student debt is not discharged by bankruptcy in the United States.
81.
by jonkho 6y ago
If the average worker had to pay for those that didn’t via increased taxes of $1000 a month (to balance that budget), I cannot see that happening without a revolt. Would you even agree to pay an extra $500 per month in taxes to pay for
82.
by jonkho 6y ago
I imagine for most people, and I’m talking about the ones that would continue keep at their their existing job , if there was an extra $2000/month spare cash coming in or $4000 for a couple, it wouldn’t be a difficult stretch of imagi
83.
by jonkho 6y ago
Fair enough, but I’m more concerned if UBI turned out to be a bad policy, would it be repealed? Practically speaking, the government has a poor track record of back pedaling on bad policies once they are in place.
84.
by jonkho 6y ago
Here is an idea: let’s have colleges themselves act as the guarantor for a student loan. This way the incentives are aligned; if the colleges are poor judge of a students talent (and admit too many low performers), or having teaching standa
85.
by jonkho 6y ago
Couldn’t the spike in nyc deaths be inflated due to the standard operating procedure of using mechanical ventilators for which 9 of 10 patients die [1]? Wasn’t there a big fuss (several articles posted here) about how mechanical ventilators
86.
by jonkho 6y ago
Sounds like mincing words. Still you have not provided sources to support your assumptions whatsoever.
87.
by jonkho 6y ago
Sources? I would disagree, reports show that by not intubating, outcomes are dramatically improved. [1][2] [1] https://www.bloomberg.com/news/articles/2020-04-22/almost-9-... [2] https://www.reuter
88.
by jonkho 6y ago
Also, how does this affect the actual death rate numbers in NYC if unnecessary deaths caused by outcomes of ventilator use are factored into the picture? Could change the picture quite drastically.
89.
by jonkho 6y ago
No only that, there’s plenty of evidence showing virus + mechanical ventilators leading to deaths that virus + simpler interventions otherwise wouldn’t. How many deaths were actually unnecessary and preventable[1][2]? I suppose under ordina
90.
by jonkho 7y ago
The difference is that a physical process makes specific physical state changes to the physical world while an emulation does not. A computer simulation of an ice cube melting does not and cannot make state changes to the physical world as

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