neffy

11 ms·

61.
by neffy 3y ago
Let me suggest that the reason you label the church as the body responsible for the deep sense of purpose, is that the Church in all societies used to be, and in some cases still is, the Government. Europe's cathedrals were the middle-
62.
by neffy 3y ago
Veður Stofan, Iceland´s Metrology and Volcano Office is advertising for a PostDoc for the numerical analysis weather group, with a strong background in physical modelling such as NWP (preferably atmospheric dynamics, physical processes, or
63.
by neffy 3y ago
It's correlated, but the causality may be reversed. That is to say, sleep apnea probably causes and certainly doesn't help, obesity. There is a strong relationship between not getting enough sleep, and appetite control. There are
64.
by neffy 3y ago
Or perhaps without patents there wouldn't be false monopolisation preventing better standards being contributed by people who can't afford expensive lawyers.
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by neffy 3y ago
Or a pension.
66.
by neffy 3y ago
Honestly, "Windows-isms" especially in the area bitcoin is developed in reeks far more of industry than it does of academia. The other oddity in the code is that there is a mixture of US/UK spellings being used, which also su
67.
by neffy 3y ago
Both FDR and Churchill are on record as saying variants of "it is permissible to walk with the devil if it gets you to the other side of the bridge" about the alliance with Stalin.
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by neffy 3y ago
fwiw... there were posts floating around at the beginning of 2020 claiming that the epidemic was well established in Wuhan by December, and that cases were seen back to September, October. It's unfortunate in so many way - admit a mist
69.
by neffy 3y ago
Perhaps the wisdom of advising that is not a good idea. And also that young whippersnappers who think that that is what the majority of old people spend their time doing may not be paying much attention to the world. Reaching old age is sti
70.
by neffy 3y ago
Another issue is that it tends to be very bursty. They will often get a big payout, but then nothing for several years. There aren't that many writers who get a reliable pay check, so it is more (in common with acting) a lot of people
71.
by neffy 3y ago
Pot - Kettle on that. For a non-scientific case study of 2 - I know one obese person who has had gastric surgery, and complication from it - it hasn't helped them, and one formally obese person who successfully lost 20kg and has kept i
72.
by neffy 3y ago
How I learnt to stop worrying and love global warming.
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by neffy 3y ago
until the Ice Ages turn up and steal it.
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by neffy 3y ago
You're actually quite right - fundamentally they were fractional reserve lending institutions. The main difference with banks was somewhat selective membership, and restrictions to loans to their membership to buy property. What actual
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by neffy 3y ago
For the unsuspecting computer nerd, a search for latex back at the dawn of search technology was briefly something that could truly open the unprepared mind to unsuspected vistas. Boy did that one get fixed fast. But let us spare a moment o
76.
by neffy 3y ago
Not really. We also have to put this in the context of US life expectancy being significantly lower than comparable European countries. Britain for example has also had a very high immigration rate for a couple of centuries now, but no comp
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by neffy 3y ago
You might want to think that, but unfortunately foreign born Americans (immigrants) actually have significantly longer life expectancies than American born do. Part of the reason for that is the much higher death rate in infants in the US,
78.
by neffy 4y ago
Interest rates are a second order impact on the money supply, high enough interest rates may stop monetary expansion - if they reign in lending. This works fairly well in the states where the fixed rate long term loans provide a huge disinc
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by neffy 4y ago
The inflation burst was driven by money printing by the Federal Reserve/Government repeated by other governments world wide during the Covid pandemic, in order to prevent the financial system imploding as everybody defaulted on their d
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by neffy 4y ago
Failure is far more informative than success. Especially the failures that nobody returns from...
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by neffy 4y ago
It's shocking to me how many people are treating Google Search as a reliable source given how much we know it silos people into extremist sites, and has been extensively gamed by SEO professionals.
82.
by neffy 4y ago
Hopefully they are not quite that stupid. Inflation is a lagging indicator, so expect it to start dropping fairly quickly as the -12 months price delta normalises, against the M2 injection 2 years ago. M2 continues to drop (this is a bad th
83.
by neffy 4y ago
Correct - once the world saw the Fed dumping $1 trillion into the money supply to prevent a collapse due to Covid in 2020, everybody else did as well. It takes time for that to make its way through the pricing system (bearing in mind inflat
84.
by neffy 4y ago
I disagree, there is building everywhere you look on the main train lines into London. But the population needs to stabilise, and even then it would still take a while to catch up. British population is up by just under 10 million this cent
85.
by neffy 4y ago
It's statistical multiplexing essentially. To create a loan a bank performs the double entry book keeping operation: [debit loan, credit deposit] Which creates a loan instrument on the asset side, and creates a matching deposit in the
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by neffy 4y ago
Which is where the capital that is required to create the bank comes in, since that provides the initial (cash) liquidity.
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by neffy 4y ago
This is the classic description found in the economic textbooks. Unfortunately it is incorrect, the system doesn't work that way. (See comments above). apropos btw. I've never actually seen a banking system that has a 10% ratio, I
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by neffy 4y ago
That's another misconception propagate in the textbooks - and you can blame Keynes for this, it was in the Macmillan report that originated the false description. Banks do watch that issue aka "liquidity" very carefully. Part
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by neffy 4y ago
Actually no, although I agree there is a certainly a lot of research, creating some horribly flawed mathematical models. Essentially with respect to the banking system, economics has built on a false understanding of how it works (fundament
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by neffy 4y ago
This is a fairly major economic intervention if they go ahead with it. The big difference (in the report they refer to this as private vs public money), is that they are proposing to issue the equivalent of cash, i.e. Asset money, "pub

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