rufusroflpunch

23 ms·

181.
by rufusroflpunch 8y ago
During QE, the Federal Reserve bought huge amounts of toxic assets from the big banks, and flooded the banks' accounts with new money, but then paid the banks a higher rate of interest NOT to lend that money out (at least this is my un
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by rufusroflpunch 8y ago
But there's no telling what the opportunity cost was. Likely far more massive than whatever short-term benefits from being an industry leader.
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by rufusroflpunch 8y ago
Rationality, in the economic sense, doesn't mean making objectively correct decisions as perceived from the outside. It means to make decisions in the furtherance of a particular subjective goal. Making decisions that later turn out
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by rufusroflpunch 8y ago
This isn't about the President, at least not directly. Obama doesn't deserve credit any more than Bush Jr. deserved credit for navigating us through the .com bust. Since days of Alan Greenspan, the Fed has been inflating us out of
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by rufusroflpunch 8y ago
Banks runs may be part of the origin story of central Banks, but it's definitely not the only or main reason they exist. That's what deposit insurance is for, and in the case of the U.S., bank runs continiued for decades after the
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by rufusroflpunch 8y ago
Why not go one step further and randomize the teaching pool? Just tell teachers where they can and can't work, just to make sure that all students get a shot at the best teachers. What isn't justifiable in the name of fairness?
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by rufusroflpunch 9y ago
In Kentucky, we're going through a pension reform as we speak. Of course, the Republicans are claiming to have fixed it and the Democrats are protesting it, saying they're hanging future retirees out to dry. What no one is saying
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by rufusroflpunch 9y ago
I think that Marx's definition of capital is significantly limited in comparison to what others refer to as capital. In a much more common usage, capital is not just money, but any goods and services saved for the later production of c
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by rufusroflpunch 9y ago
We're no where close to eliminating scarcity or capital. We're so far from that there is almost no point in giving it serious merit. Probably centuries away. Humans being will be limited by scarcity until we're able to conver
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by rufusroflpunch 9y ago
Nice. That's further than I would have gone. I would have written a script to export to CSV, import to SQLite, run the queries, export back to CSV then convert back to Excel. Maybe that's why I don't have my own company...
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by rufusroflpunch 9y ago
I realize that HN generally skews left politically, but this is literally nothing more than a puff piece. There's nothing of value here.
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by rufusroflpunch 9y ago
I hate the idea of regulatory agencies fining anyone for anything. Why should the agency/government get revenue from someone's failure? The purpose of courts is to assign damages, that's the whole reason courts exist. If the
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by rufusroflpunch 9y ago
In a related noted, 4% of economists are bitcoin holders.
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by rufusroflpunch 9y ago
This is a pretty critical piece for me as well. I've done some googling and I can't find anything definitive.
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by rufusroflpunch 9y ago
I'm going to be honest... After a while, all of these programmer fonts start to look the same to me.
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by rufusroflpunch 9y ago
I feel like anyone with a functional brain can see this is a fifth amendment violation.
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by rufusroflpunch 9y ago
Considering that there is an entire "Equal Pay for Equal Work" movement, this is actually extremely relevant. TFA addresses this issue specifically . It's saying that people who are shooting for "equal pay for equal wor
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by rufusroflpunch 9y ago
With tobacco use already on a rapid decline, here comes to FDA, late to the party. But they're going to claim credit for it later, rest assured.
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by rufusroflpunch 9y ago
What I am proposing would certainly require a Constitutional amendment (in the US, at least). It is a departure from the "jury of your peers", which is the intention. The specificity of modern scientific evidence warrants rethinki
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by rufusroflpunch 9y ago
My feeling has always been that we should reengineer our jury system. Jurists should be professionals, not a random nobody pulled from the community. They should be independent, private employees with a code of ethics and training in skepti
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by rufusroflpunch 9y ago
Thanks to the power of middle-out compression.
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by rufusroflpunch 9y ago
The alpha is very usable.
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by rufusroflpunch 9y ago
Not hot dog.
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by rufusroflpunch 10y ago
"Planned obsolesence" is nothing more than a conspiracy theory always presented without any proof.
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by rufusroflpunch 10y ago
That's completely wrong. Entrepreneurs develop products ahead of demand all the time.
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by rufusroflpunch 10y ago
If you read many other posts in this thread, you will see it's the exact opposite. Unregulated markets nearly always result in lower prices. Pharmaceuticals are, by far, one of the most register markets.
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by rufusroflpunch 10y ago
I really dig the syntax of this language, I must say. Great job. I'm interested in the embeddability of this language. There doesn't seem to be any documentation on the API features, short of looking through the source code. I wou