qwytw

23 ms·

271.
by qwytw 2y ago
There is plenty of empirical evidence from the ~130 years or so prior to the Great Depression which shows why deflation (or rather restrictive monetary policy) was bad, stifled economic growth and lead to permanent boom and bust cycles and
272.
by qwytw 2y ago
Except your debts start increasing even while you're continuously paying them off and investment becomes much more lucrative. Deflation benefits those who have a lot of capital and can invest it into ~ zero risk instruments like govern
273.
by qwytw 2y ago
Yes and Japan's economy has been stuck in the 90s for the past 30 years with very little growth. What you're describing wasn't their goal, they have been keeping interest rates at ~0% since the late 90s to avoid deflation and
274.
by qwytw 2y ago
Those dynamics are very very different when population densities are low and land is abundant. Without complex state/regional level hierarchies if you can just form a likeminded group in you community and move elsewhere chances that yo
275.
by qwytw 3y ago
Why would you need a Macbook pro if you could get a >= 32GB MacBook Air unless thermal throttling is an issue for your use case?
276.
by qwytw 3y ago
There is still no reason not to have >= 16 GB besides Apple wanting to upcharge its customers since they have no choice. Also no, it's hardly enough unless you're using you Mac the same way you'd use an iPad..
277.
by qwytw 3y ago
> TypeScript/React both using VSCode If you're using any Jetbrains IDE and want to also run your app/nodejs/etc. you mac will start freezing and and input lagging. Of course it's a pretty bloated Java app that co
278.
by qwytw 3y ago
> Books are rarely written as solution Of course. I just used books as an easiest example of why IP was beneficial and created an environment where individuals could make a living independently by creating content. Indirectly this (among
279.
by qwytw 3y ago
> By 5K years ago, it's primary subgroups, i.e Hellenic, Slavic, Germanic, Italic, and Indo-Iranian were already forming Didn't this process last a very long time though? IIRC the current consensus seems to be that Anatolian sp
280.
by qwytw 3y ago
> Books are fancy, but let's not mix up progress with being able to live off writing them. Ok you can substitute this with any type of R&D done by individual or small to large companies. > We see innovation in open source eve
281.
by qwytw 3y ago
> antithetical to how humans have progressed socially and technologically for millenia I'd argue the opposite. It has been one of the primary driving forces behind human progress for the past 300-400 years. The world today would be
282.
by qwytw 3y ago
> population density are hard to compare Gaul and Germany were way past their Roman peaks by that point. Probably most of the Western Empire besides Italy.
283.
by qwytw 3y ago
It's not like Germany is the first country in the EU to do this. Malta and Luxembourg had already legalized possession and cultivation and it's basically legal in Spain too. And "international law" seems like a joke at t
284.
by qwytw 3y ago
So since you can't use Nvidia's chips more or less for anything outside of gaming/ML you're saying that Nvidia will enter the (relatively) very low margin CPU market? Why would they do that?
285.
by qwytw 3y ago
Well if we're using the price of gold to measure that there was no inflation (which of course wasn't really the case). To be fair examples are pretty bad, the iPhone 4S and iPhone 14 are not equivalent products, you can get more c
286.
by qwytw 3y ago
> As such it can be used as a measuring stick to judge how distorted prices are getting It can. It would just be a pretty bad idea to use it for that since it would indicate that prices where consistently falling during the 80s and 90s a
287.
by qwytw 3y ago
> How do you incentivize this? Your view seems fairly communist. Also how does a net new innovation factor into this framework. New pharmaceuticals for previously untreatable diseases for example. What slice of the fixed money pie do tho
288.
by qwytw 3y ago
> Both of those things are perfectly possible Yes, we saw that in the 1800s and the subsequent period leading to the great depression. Money supply was growing too slow, deflation was pretty rampant and the economy was stuck in a permane
289.
by qwytw 3y ago
> In dollar terms, he's just saying that the price of gold and the price of houses have inflated by the same amount. They might be saying, it's just not really true: http://www.goldchartsrus.com/chartstemp&#x2F
290.
by qwytw 3y ago
> Let me translate into actual plain English Or "Let me leave out most of the details that matter".. > quite a lot between 2000 and 2020. > From 2000 to 2020, the government was So specifically between 2001 and 2011 gover
291.
by qwytw 3y ago
> Yes? Not really? Adjusted by inflation it's very volatile and not at all stable. Gold now is worth ~7x more than in 1970 but 25% less than in 1980, yet 4x more than in 2000 but still less than in 2011... There were some periods s
292.
by qwytw 3y ago
> It's sensible to use gold or housing as a measure of value - they are both extremely mature markets with a relatively constant supply/demand ratio Look at how the price of gold changed between 2000 and 2020. It's not at
293.
by qwytw 3y ago
> was backed by gold and later silver It's the other way around. US switched from a bimetallic system to the gold standard in 1873. > I'm guessing it's that the US Currency was backed by gold Well sort of, only until 19
294.
by qwytw 3y ago
> Food for example, for a long time, became cheaper Which certainly wasn't great if you were a farmer with a mortgage back in the 1800s and 1900s (it was grender if you were a lender, rentier or a British aristocrat). Governments ba
295.
by qwytw 3y ago
> They are roughly the same price in gold as they were in the 1970s So you're implying that there was no inflation between 2011 and 2022 (gold prices were basically the same) or that prices increasing 8 times or so between 2000 and
296.
by qwytw 3y ago
> I fear bike manufacturers are switching to less repairable Is the frame really an issue though? I don't aluminum frames break that often, I'd bet that's probably one of the least common problem for modern bikes (gears, b
297.
by qwytw 3y ago
I guess the implication was that are still innovating unlike Intel
298.
by qwytw 3y ago
Brutalism (which generally most/many people seem to dislike) isn't the same as Bauhaus though. > modern architecture is very unpopular in Germany IMHO it has much more to do with the constraints of the 50s and 60s. All major c
299.
by qwytw 3y ago
Gropiusstadt isn't exactly the best example of Bauhaus though. IIRC Gropius original plan was changed a lot to maximize capacity/minimize cost, the buildings were only supposed to have 5 stories or less etc. I don't think tho
300.
by qwytw 3y ago
That's somewhat deceiving because these regulations don't include bank fees (about 1% in total is pretty standard)

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