rsj_hn

85 ms·

721.
by rsj_hn 5y ago
The reason why I posted this article is that it's a fascinating insider's account of how the modern Fed became independent. A TL, DR follows: Starting in 1942, when US borrowing massively expanded, the Fed made a commitment to kee
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The Treasury-Fed Accord: A New Narrative Account [pdf](richmondfed.org)
2 points by rsj_hn 5y ago|1 comments
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by rsj_hn 5y ago
Indeed, China is unified ethnically -- basically 91% Han and extremely nationalistic. India is divided into a patchwork. Modi has been attempting to harness Hindu nationalism, but only recently and not nearly as effectively as China, which
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by rsj_hn 5y ago
> Meanwhile, strong nations are currently on the up and up. Much to the chagrin of the global capitalists. The East Asian miracles were based on nationalist economic policies as well as strong nationalist policies more generally in areas
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by rsj_hn 5y ago
> I posit the reason this is the case is American culture and anti-intellectualism. Or perhaps awful schools
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Gennadi Kryuchkov(en.wikipedia.org)
3 points by rsj_hn 5y ago|0 comments
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by rsj_hn 5y ago
> Think about it like this. The goals are attain employment and maximize compensation. That’s it. Meh, I think devoting 30-40% of your life to something is more than just maximizing compensation. In tech, at least, you normally have quit
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by rsj_hn 5y ago
> they have the authority to change what they deems necessary whenever they want. I think the courts have a history of disagreeing on that point. Not enough, mind you, we've seen an unprecedented expansion of federal powers, but the
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by rsj_hn 5y ago
> So, just lie. I think this is bad advice. I have never lied in an interview. I've also never had a job not offered to me if I made it to the in person interview part. This isn't to say that I have magical job-getting powers,
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by rsj_hn 5y ago
The court responds to the arguments made before it. This was a motion for a temporary injunction so all the court said was "there are grave statutory and constitutional concerns" and so the relief was granted. By the way, no one
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by rsj_hn 5y ago
The OEM is selling a tradable, so you would expect companies to already search the world for the cheapest version and be buying that, as there is effectively a single global market. Labor, historically, has not been so mobile. There is not
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by rsj_hn 5y ago
> Or Japan stripping its oligarchs of their wealth I seriously recommend cracking open a history book, because you are confusing political lustration of the old regime with downward redistribution. But a good hallmark of the envy-based r
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by rsj_hn 5y ago
> OSHA estimates 6,500 lives will be saved by the mandate over six months So that's a justification for lawlessness? If it's so important, then pass a law, don't rule by executive order.
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by rsj_hn 5y ago
> medical practice regulation like this has been done by the federal Yes, by law, but not executive order. OSHA was established to limit workplace injury. There is a long history of trying to use OSHA to regulate workplaces in ways that
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Appeals court blocks Covid-19 vaccine mandate for large businesses(latimes.com)
21 points by rsj_hn 5y ago|9 comments
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by rsj_hn 5y ago
In other words, envy that someone else has something you want. That's all that's going on. Envy is hardwired into our ape-brains. Tests show chimpazees get resentful and angry when a neighboring chimpanzee is given a better treat
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by rsj_hn 5y ago
> of course they like large living spaces, most people do [..] > nobody is willing to give up their spacious homes This is a view that is strident and sanctimonious, yet completely wrong. Suburbia did not come to exist because of a de
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by rsj_hn 5y ago
> Is it possible that they were servants and not slaves? Fun Fact: This interpretive problem comes up in translations of the New Testament, where the same word is very frequently used in the context of [servant|slave] of [Christ|God]. Se
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Operation Pluto(en.wikipedia.org)
3 points by rsj_hn 5y ago|0 comments
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by rsj_hn 5y ago
> It should be a piece of cake. Eh, you can't compare a local area GDP to a national GDP like this. Yes, tons of software licensing and ad revenue are funneled to the SF region giving us a local area GDP of 591 Billion dollars[1] wh
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by rsj_hn 5y ago
I really think you are trying to obfuscate the issue here. We "usually" make the hydrogen from fossil fuels because this is by far the cheapest way to make it, so if we raise the price of fossil fuels, the fertilizer becomes more
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by rsj_hn 5y ago
> I have no car, I don't fly on planes, I don't want to have a nuclear station near to me. Even though you don't fly, a plane can still fall on you. Wait! Hear me out -- in the entire history of the country, there have bee
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by rsj_hn 5y ago
It would be great if we could have these discussions without using phrases like "Deniers like you".
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by rsj_hn 5y ago
> This whole time I've been confused how investing more money in roads is compatible with our climate goals. It is compatible with our goal of getting from point A to point B safely. Climate goals are not the only goals, and if you
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by rsj_hn 5y ago
> But this bill may help reduce longer term inflation if it's actually spent wisely. Absolutely! And it's a shame that the USG is using this type of cash-based accounting instead of depreciating long term assets like any other
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by rsj_hn 5y ago
This would be really cool! Unfortunately I have no idea how to even tell what's in this bill -- do you?
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by rsj_hn 5y ago
California high speed rail will run $100bn. If we're lucky. Is that sexy enough?
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by rsj_hn 5y ago
> People want the standard of living everyone had in the US decades ago, it costs much more now. I think you are right. But all the CPI data and real income data says people are much richer than 40 years ago. And as someone who has spent
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by rsj_hn 5y ago
>the mistaken notion that fossil fuels are essential for making fertilizer I think the correct statement is that fossil fuels are the cheapest way of making fertilizer, and that any other (known) way is currently much more expensive. T
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by rsj_hn 5y ago
> We say we're against racism, sexism, and other isms that involve people not being equal because of a condition of their birth. No, no, no. Being against racism means you give people a fair chance irrespective of their race . It

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