rsj_hn

73 ms·

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by rsj_hn 5y ago
I see what you are trying to say and the issue of lack of European fiscal solidarity is real, but there's a lot of big whoppers in your post, so you may want to argue somewhat differently. Let's go through them: > California
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by rsj_hn 5y ago
> For example, perhaps the massive shift in summer vacation travel from all points of the US towards FL was (while very good economically good for FL) both bad economically for the rest of the country and created substantial externalitie
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by rsj_hn 5y ago
Economics is hard. Behavioral economics is having a hard time right now with many of the core hypothesis (loss aversion) and key interventions (priming) turning out to be experimentally not-reproducible. See https://www.thebehavi
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by rsj_hn 5y ago
That's a great story! And it makes a lot of sense - you are getting people used to thinking about automation, demanding automation, and trying to deploy automation to more places than before. You are also creating all sorts of APIs exp
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by rsj_hn 5y ago
The thing is, I hear people give as examples "excel", "visualbasic", and all I can think of is "wow, these are wildly successful technologies that improved the lives of millions of people" Also, these types of
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by rsj_hn 5y ago
Policy decisions are implemented via OMO at the NYFed. That doesn't mean the member banks actually set policy. The policy is set by the Chairman, who is appointed along with the rest of the Board of Governors by the President. Neither
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by rsj_hn 5y ago
Go look at: https://www.federalreserve.gov/default.htm Of course the Fed is an arm of the government. The member banks have the "form" of private banks, but they are not really private banks. They are government c
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by rsj_hn 5y ago
Unfortunately most academic economists are not going to touch it. It's a sprawling, highly polemic work by a marxist anthropologist. Much of the book focuses on various moral issues portraying history as a sequence of just and unjust a
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by rsj_hn 5y ago
> In addition, although it's clear that Miami Beach and Vegas have benefitted from cheap flights, Yes, I am not saying that air travel created Miami Beach, but that Miami Beach benefits from it. This is the definition of an econ
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by rsj_hn 5y ago
All true. I do think there is a window to succeed in the U.S. In Europe it's just much harder to innovate more generally. Also the SAFs are looking pretty good. Point is, I don't think we should decide that planes are bad of all s
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by rsj_hn 5y ago
I don't think battery airplanes are going to be a big thing, but I think hydrogen powered airplanes could well be a big thing. It's certainly something I'd invest a lot of R&D into. Also, the airplane manufacturer busines
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by rsj_hn 5y ago
So you are correct that externalities is something that is really ill-defined, which is why all claims to impose externality-based taxes should meet a high bar of rigor. In most cases, that's just impossible and the taxes end up being
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by rsj_hn 5y ago
The parent post I was responding to was saying that the reason trains cost more is that that aviation was being subsidized at the expense of trains. That's just wildly incorrect. They supported that position by taking one out of contex
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by rsj_hn 5y ago
> Planes don't have to pay any fuel taxes in Germany and other things > For fuel and electric, trains still have to pay full taxes. So not suprising that planes a cheaper with better tax conditions. Aviation is heavily taxed in E
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by rsj_hn 5y ago
Yeah, I've seen it used to allow teams to use consistent frameworks and libraries across many different microservices. Think of authentication, DB clients, logging, webservers, grpc/http service front ends, uptime oracle -- there&
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by rsj_hn 5y ago
> I'm glad you're having a good experience now, and git as a monorepo will work fine at smaller scales, but you will outgrow it at some point. I would say the opposite. A lot of companies are fine with independent teams using t
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by rsj_hn 5y ago
> It has always been difficult for antivaxxers to find work, particularly in healthcare or education. This is incorrect. In the U.S., there have never been any nationwide employment requirements for vaccination before the (currently bloc
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by rsj_hn 5y ago
First, it's not a romanticized view. Second, it's odd that you feel the need to say negative things about Japan to "counter" someone who points out Japanese achievements. Like, what exactly is your problem with Japan tha
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by rsj_hn 5y ago
Japan is very interesting for a lot of reasons. 1. An incredibly stable society which is at the same time fantastically, amazingly creative. And not just in the traditional arts, which have been wowing Europeans since they first saw Japanes
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by rsj_hn 5y ago
Excellent. I will steal this.
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Finland Divided: The Finnish Civil War 1918(finlanddivided.wordpress.com)
138 points by rsj_hn 5y ago|99 comments
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by rsj_hn 5y ago
> If we're talking about a country that's attempting to (or has no choice but to) cut USD out of its foreign trading For some small country -- and it would need to be a small country, like Sierra Leone, that cannot access the F
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by rsj_hn 5y ago
> 10% over the exchange rate between Pentali Marcograms and US dollars. You know oil producers trade in dollars, right?" You are off by three orders of magnitude, which is pretty amazing. Forex markets have incredibly tight spread
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by rsj_hn 5y ago
Within the OECD, only Switzerland, Norway, and Luxembourg have a higher median household income than the U.S. https://www.oecd-ilibrary.org/docserver/45ae3dae-en.pdf?expi...
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by rsj_hn 5y ago
> Hell, as a yearly income, that's poor much less a networth. Not really, because this is primarily young people who are building savings. By retirement age, the savings are much higher even for the median household. Even in the 45
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by rsj_hn 5y ago
> Different metrics aren't a different language. You aren't citing a "different metric". You are citing an unscientific internet poll by Bankrate.com, whose results were released as a PR announcement meant to encourag
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by rsj_hn 5y ago
> Over the last generation, indications are far over half experienced regular struggles. Most people experience "regular struggles", by definition. Life is a struggle. But we have a way of defining who is poor and who isn&#x27
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by rsj_hn 5y ago
Poor people are a large majority ? Like, 2/3? 3/4? Median family income is 80K in 2021. The median HH income for 2021 will come out soon, but it will be north of 70K.
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by rsj_hn 5y ago
> I suspect it has more to do with justifying austerity in order to curb labor's demand for more money The problem with blowing off inflation because you think it empowers workers is that the latest round of inflation more than eras
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by rsj_hn 5y ago
You don't need to do that because we have a whole team of people whose jobs it is to measure this in a more systematic way - by checking prices all over the country and in a large number of different stores and for many different goods

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