scoofy

41 ms·

781.
by scoofy 1y ago
That isn't actually relevant to the policy being discussed.
782.
by scoofy 1y ago
The politicians that matter most are the marginally elected representatives for their party, and they care about the marginal voter in their district. The median Republican does not matter when it comes to impeachment and removal. What
783.
by scoofy 1y ago
I grew up in a wildly religious family, and was in wildly conservative areas for part of that time. There are a lot of people who want to roll back social and cultural change for good-faith religious reasons. I think are wrong for thinking
784.
by scoofy 1y ago
The Trump administration is a loyalty-based hierarchy. The intelligent advisors know that it is better for there careers do demonstrate loyalty than actual do anything to improve his policies. This is not rationalists paradigm, it’s a survi
785.
by scoofy 1y ago
Donald Trump is genuinely an idiot and deeply and obviously corrupt. I don’t like Vance, I’m still going to be mad at his agenda, but he’s generally intelligent. He’s not going to run the country into the ground because he doesn’t understan
786.
by scoofy 1y ago
It’s zero if nobody actually says anything. The legislature has the power to reign in the president. They only have to threaten a bipartisan impeachment.
787.
by scoofy 1y ago
If you are a Republican and didn’t sign up for this, can you please write your representatives about impeachment? This is getting ridiculous. We’d be much better off with a president Vance.
788.
by scoofy 1y ago
https://archive.is/xc9Ty
789.
Judge Finds U.S. Violated Court Order with Sudden Deportation Flight to Africa(nytimes.com)
27 points by scoofy 1y ago|3 comments
790.
by scoofy 1y ago
I'm not worried as long as Google keeps their generous revenue split. The way it's set up now, effectively 50-50, means that the incentives of the creators and the service are aligned. Both parties want as much viewership as possi
791.
The Strong Towns Podcast: Why Sprawl Is the Housing Crisis(podbean.com)
4 points by scoofy 1y ago|0 comments
792.
by scoofy 1y ago
I've been a subscriber for years. I want the creators to get money. They have a music app attached that's free. It's honestly really great.
793.
by scoofy 1y ago
+1 from me too
794.
by scoofy 1y ago
I mean, alternatives already exist to the SWIFT network: CIPS (China), SFMS (India), even the INSTEX (Europe) system is in place if a European system were needed quickly. Insofar as "where the money goes," the sovereign bond marke
795.
by scoofy 1y ago
What if? Sure, but there is little reason to expect that to happen.
796.
by scoofy 1y ago
I see your point. I suppose my only response is that a significant amount of our debt is being rolled over annually. It’s currently being rolled over from extremely low interest rates to non-trivially high interest rates. We should expect t
797.
by scoofy 1y ago
You’re the one arguing it must be this way. I’m just saying there are functional alternatives. When you have a powerful trading partner, by all means, use their currency. When they start threatening debasement or default, there are altern
798.
by scoofy 1y ago
You’re mistaking rate vs outstanding debt. If I have a $1M mortgage at 6%, and a $1000 credit card debt at 25%, which is harder for me to pay off, assuming I make $100K per year?
799.
by scoofy 1y ago
No, I don’t. Gold doesn’t have an army, and it was the currency of the world for centuries.
800.
by scoofy 1y ago
I have no idea why you think military might will force people to buy debt. Other nations have armies. Other nations have nuclear arsenals. The denomination of the debt has little to do with whether or not shipping lanes stay open, and a lot
801.
by scoofy 1y ago
The double digit rates were because of the inflation following the dollar being de-pegged from gold in 1971. It was easy to pay the massive interest rates because the point of the high rates was to bring inflation down. The idea was that
802.
by scoofy 1y ago
The two theories that are competing right now are the: * Dollar "Milkshake" Theory: the dollar (and treasuries) are so in demand that it kind of doesn't matter how far into debt we go, because the point is that treasuries are
803.
by scoofy 1y ago
Intentionally inflating a currency to pay down debt is effectively a de facto partial default, even if it's not de jure .
804.
by scoofy 1y ago
>the U.S. national debt doesn’t matter they way it does for other nations. No matter how frustrated the rest of the world gets, American debt will still be a safe bet even if issued seemingly endlessly. Ah, yes, the old " this time
805.
by scoofy 1y ago
>In point of fact outstanding debt as a fraction of GDP isn't even all that large, historically; it was much higher in the 80's and literally every one of those bonds is now paid off I think you are very much mistaken: https:&
806.
by scoofy 1y ago
The second sentence in the Wikipedia entry: >Specifically, an industry is a natural monopoly if the total cost of one firm, producing the total output, is lower than the total cost of two or more firms producing the entire production. Th
807.
by scoofy 1y ago
They are a natural monopoly. All network-based marketplaces with barriers to entry are. That competitors exist does not make them not a natural monopoly. Even the fact that the are not a current monopoly does not mean they are not a
808.
by scoofy 1y ago
I'm glad people appreciate the building. You all can have it... it's just not for me.
809.
by scoofy 1y ago
>Nice market position if you can get it… Yea, natural monopolies that are somehow allowed to exist will do that.
810.
by scoofy 1y ago
The best book on this subject I've read is Fooled by Randomness by Nassim Taleb. The entire premise is backward. You don't just look at success to find the source of success with out introducing a massive amount of survivorship

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