tatsuke95

85 ms·

781.
by tatsuke95 15y ago
I love the claim that there has never been any controversial theories in biology or physics, that turned out to be wrong, or at least the wrong path. But I digress. The author is only partially correct. The debate isn't whether inflation/
782.
by tatsuke95 15y ago
No, money is created when the Fed purchases an asset. Generally, they do so through a repo, whereby they sell an asset with the intention of buying it back with interest on a very short term.
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by tatsuke95 15y ago
These were my thoughts exactly. Any intelligent, ambitious individual will find a way to succeed, regardless of the chosen University major. But the practical skills taught in BUS, CS, ENG etc are more valuable in a corporate setting, and
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by tatsuke95 15y ago
There are a few defensive home owners in this thread who seem to be missing the point: The main problem is that the general public sees renting as throwing money away, and that owning a home is unconditionally "better". I'll make the assump
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by tatsuke95 15y ago
Yeah, I don't understand your comment, either. The $3-trillion is foreign exchange reserves China has accumulated from running massive trade surpluses with various countries. They may blow some of those reserves on failing pet projects, but
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by tatsuke95 16y ago
"in today's global forex markets it is trivial to shift from dollars to euros or whatever you want before or after trading for oil." You're right, but the point is that after all is said and done, you have to purchase oil in USD, which crea