lujim

32 ms·

271.
17 Bizarre Aircraft, and the Stories Behind Them(popularmechanics.com)
1 points by lujim 11y ago|0 comments
272.
by lujim 11y ago
First of all I mistyped. When I said CDO i mean CDS (credit default swap). Yes I think insurance and other risk management tools are a very productive use of money. The joint stock company allowed the English and Dutch East India companie
273.
by lujim 11y ago
Austria 1922, China 1943, France 1795, Hungary 1923 and 1945, North Korea 2009, Philippines 1944, Singapore 1942, Yugoslavia 1989, Zimbabwe 2000ish (89,700,000,000,000,000,000,000%) in mid-November 2008
274.
by lujim 11y ago
> Hyperinflation in Germany was caused by a mix of high economic penalties post WW1 and reckless actions by private banks and investors. It's a common misconception that the hyperinflation was the fault of the government printing to
275.
by lujim 11y ago
There is no inflation because QE money is used to keep up the demand for US Treasuries which keeps long term interest rates low. It jacked up asset prices because baby boomers can't get risk free yield by buying bonds so they are buyi
276.
by lujim 11y ago
The "any questions at this point" comment seems a bit snippy and unnecessary, I was just trying to figure out what you were talking about... but no biggy here goes. So financial derivatives? Futures, options, shorting etc? Deriv
277.
by lujim 11y ago
Would I really make 48k? Wouldn't a large part of that be needed to support the basic income system? Doesn't the current welfare system address some of these problems?
278.
by lujim 11y ago
>The inflation argument is a little misleading. We have been printing money to offset historically low and increasingly declining money velocity. The money velocity is declining precisely because wealth is being aggregated in silos and n
279.
by lujim 11y ago
Or take the same amount of money and convert/build plants to use natural gas. It creates half as much CO2 per unit of energy created and we have more of it than we know what to do with right now. Instead of burying all that money in
280.
by lujim 11y ago
Elaborate por favor.
281.
by lujim 11y ago
I think raising your children and bettering yourself is a great thing, but it doesn't tangibly generate revenue. Starting a business might if it's successful, but there are small business loans. Money changing hands (money veloc
282.
by lujim 11y ago
I agree with you, demand for goods would skyrocket. So much so that so would prices. All of the sudden that 30k basic income would have the buying power of 20k, then 15k etc. There have always been and always will be crap jobs that people
283.
by lujim 11y ago
Printing money and putting in into circulation has historically caused hyperinflation. Money is just a proxy for goods and services and without a gold standard it's nothing more than paper. Germans were burning and wallpapering with
284.
Scientists May Have Just Discovered a Parallel Universe Leaking into Ours(inverse.com)
10 points by lujim 11y ago|1 comments
285.
Odds Are, It's Wrong(sciencenews.org)
1 points by lujim 11y ago|0 comments
286.
Ancestor of All Apes Might Not Be What Scientists Expected, New Fossil Shows(sci-tech-today.com)
1 points by lujim 11y ago|0 comments
287.
The Power of Nudges, for Good and Bad(nytimes.com)
24 points by lujim 11y ago|11 comments
288.
On Misunderstanding Economics(stumblingandmumbling.typepad.com)
1 points by lujim 11y ago|0 comments
289.
by lujim 11y ago
> Not necessary, since markets have been proved to be quite prone to corruption themselves. Markets actors can be corrupt, but the market itself is supply/demand driven. Corruption in central planners however is catastrophic. >N
290.
by lujim 11y ago
Replacing markets with central planners requires that you find planners that are 1) 100% impervious to corruption 2) Able to predict the weather or any other complex chaotic system with 100% accuracy. 3) Never sleep or take vacations. 4) Co
291.
by lujim 11y ago
Where does your 30k come from? Do we decrease spending from other areas, increase taxes, increase debt, increase GDP, or print money? The answer is usually decrease defense spending, but that's not a free lunch either. You kill a lot
292.
by lujim 11y ago
Maybe in the short run, but think about some (at the time) tiny companies like Apple, Google, Amazon that nabbed ideas or market share from sleeping giants like Xerox, Yahoo, or IBM. Sure in 1978, 2000, or 2003 I would have rather owned st
293.
by lujim 11y ago
What if I want filet, the shelter on the ocean, the yearly checkup at the mayo clinic, and the Harvard education? Are you ok taking the ramen noodles, drab inner city apartment, va clinic, and community college if the buraeucratic equivale
294.
by lujim 11y ago
>"Maybe the question you should ask yourselves, is why you have those. Why are inequalities so high in your country ?" In my experience, anything that follows "Maybe the question you should ask yourself" is usually a
295.
by lujim 11y ago
Something about this argument bothers me. It allows criminals to be victims of "the system". In certain areas the economic machinery has certainly sputtered out, but this question seems loaded to imply that some fat cat banker o
296.
by lujim 11y ago
"Airplanes are interesting toys but of no military value." -- Marechal Ferdinand Foch, Professor of Strategy, Ecole Superieure de Guerre. 1911 "Anyone who fights, even with the most modern weapons, against an enemy who domina
297.
by lujim 11y ago
My first reaction was that it seemed kind of cheesy, but it's a cool way to get some good PR. In the end it's a creative way to reinforce their image as a cool outdoorsy company and takes employees out of the line of fire for Bla
298.
by lujim 11y ago
Don't forget about opportunity cost. It's common to discount opportunity cost and equity as "not as real as the money you spend on your credit card". However when the house payment keeps showing up every month and you
299.
by lujim 11y ago
I 100% agree. People are terrible at judging long term non tangible value. That's mainly because it's hard to quantify on a balance sheet. That's why I put the 1 pro athlete vs 1 teacher for 1 year stipulation on it.
300.
by lujim 11y ago
I think we went of the tracks a few posts ago. I was saying that entrepreneurs take significant personal and financial risks and there is a high rate of attrition for even good businesses. My point was that after a physically, emotionally

More ›