nstj

33 ms·

331.
by nstj 10y ago
+1 for William K. Black - he's a terrific authority on this subject and a fantastic speaker.
332.
by nstj 10y ago
Lawyer.
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by nstj 10y ago
> “The smallest error and you send someone to prison or death,” he told me. “It’s a great responsibility. It’s heavy. It’s not at all a pleasure.” Serious dedication to the cause. A splendid story.
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Music-App Maker Shazam Finally Turns a Profit–But Not from Music(wsj.com)
3 points by nstj 10y ago|0 comments
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by nstj 10y ago
edit: updated title.
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Philadelphia 76ers Take a Shot at Competitive Videogaming(wsj.com)
2 points by nstj 10y ago|0 comments
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Hofstra banned reporters from using hotspots at debate, charged $200 for wifi(theregister.co.uk)
4 points by nstj 10y ago|2 comments
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by nstj 10y ago
Did someone say burritos?
339.
by nstj 10y ago
You're spot on, and this is a bit of an issue - there are a huge number of cross purposes in economic definitions, and the word "capital" is one of them. My personal take on the word (informed by the dictionary source I gave
340.
by nstj 10y ago
> At some point trading the loan securities and fishing future contracts starts paying more than humble fishing This analogy relies on the financiers being either good speculators and arbitrageurs of risk, or charging high fees, ie: they
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by nstj 10y ago
That sounds like your opinion, so I can't say that it's "wrong", but according to the dictionary "capital" is defined as follows[0]: > wealth in the form of money or other assets owned by a person or organiz
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by nstj 10y ago
Sure, but replace the term "gold" above with lumber/steel/concrete/apartment buildings/oil/prepaid employees/automobiles/etc. If I have a bunch of stuff which I can loan to someone else then I ha
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by nstj 10y ago
> Capital isn't an object, it's a belief system, with a strong faith-based component. So in a purely rational sense it's impossible to "make capital available." If I have a bunch of gold in a safe, then that&#x27
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by nstj 10y ago
I respectfully disagree - would you be able to provide some more contemporary options?
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Apple owns the world's largest hedge fund(en.wikipedia.org)
16 points by nstj 10y ago|2 comments
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by nstj 10y ago
Just because that restaurant had a line out the door, doesn't mean that it was a successful business. Often food and beverage "businesses" will be incredibly busy, but not be turning a profit. Restaurants have horrendously
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by nstj 10y ago
$2,000,000 / (6 * 52) = $6,410 sales per day, assuming a 6 day work week. average NY check = $48.56 according to Zagat[0], so you can back that out the above number to 132 diners per night. [0]: https://www.zagat.com/b&
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by nstj 10y ago
@dang ?
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by nstj 10y ago
>This is not a real scenario. Virtually no one's education is funded by direct loans from wealthy individuals. Student loans are issued by banks. Where exactly do the banks obtain the capital which funds their balance sheet? From s
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by nstj 10y ago
>> So if you're wealthy and that dollar goes to pay off the loan - where does it go? >It gets wiped off the books and a dollar leaves the economy. The case in point was for a 'wealthy person' (not my term, I don&#x27
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How the Economic Machine Works: $100bn hedge fund manager narrates(youtube.com)
1 points by nstj 10y ago|0 comments
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by nstj 10y ago
So if you're wealthy and that dollar goes to pay off the loan - where does it go? The person you're giving it to will either spend it on consumption, or loan it to someone else until (ultimately) it is spent. And if you deposit
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by nstj 10y ago
Physical cash under the bed? "Hoarding" cash in a bank account isn't really "hoarding" as those deposits are "loaned" into the economy.
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by nstj 10y ago
My bad, that makes a difference (ie: if you're increasing the monetary base, there will indeed be a change in spending - and theoretically it could even result in a lower velocity of money, as the money base might increase proportion
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by nstj 10y ago
But if the investor receives the cash from the student as payment of their loan, they have to do something with that cash too (buy dinner at Per Se, grab a new Vertu phone, lend the money to a startup so that the startup can spend the mon
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by nstj 10y ago
Sure. So if you're wealthy, you invest your money. Let's say that the money which you would have received from the student loans which aren't forgiven was earmarked to invest in a new AI startup (with neural nets!). Those
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by nstj 10y ago
What does this have to do with the velocity of money? If the students continue to pay off their debt then the money flows to their creditors, who will use put it to work in the economy. If the debt is forgiven then it won't go to the
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by nstj 10y ago
TIL that Volvo Cars is owned by a Chinese company and is separate from AB Volvo. > Volvo Cars was owned by AB Volvo until 1999, when it was acquired by the Ford Motor Company as part of its Premier Automotive Group. Geely Holding Group t
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by nstj 10y ago
This also isn't really fair as even if Tesla had superior "radar" and "convolutional neural nets" or even "hierarchical softmax", Volvo has a commercial with Jean-Claude Van Damme[0] and Tesla doesn't
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by nstj 10y ago
Incorporated entities enjoy the benefit of "limited liability"[0], ie: if your company does something "bad" you can't be liable beyond your share capital contributions. For example, if you make a self driving car a

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