temphn

23 ms·

121.
by temphn 14y ago
You seem like you are interested in a reasonable conversation. I'll do my best to tamp down the rhetoric and go a few rounds if you're game. Let's start with this: Everybody who today can't buy a house without a mortgage will have NO
122.
by temphn 14y ago
Oh, I agree with you, though this is not often explicitly admitted after the late unpleasantness of 1917-1991. Bernankeist inflation seizes money for the central government slowly via dilution, while the USSR/Maoist PRC variety seized it mo
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by temphn 14y ago
You have to have inflation via devaluation of currency to fuel investment. Incorrect assertion presented as fact. Why does anyone invest in hyperdeflating computer power, which rises exponentially in value relative to the fiat do
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by temphn 14y ago
First, Moore's law is technological hyperdeflation. Your dollar buys more computer power in 18 months than it does today. Yet people still buy computers. And computers are the one bright spot in this otherwise Fed-bubble-governed economy. S
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by temphn 14y ago
This is fundamentally the difference between the left and right economic worldviews. The left prizes inflation, spending, and centralized nation states. The right supports deflation, saving ("hoarding"), and powerful individuals or voluntar
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by temphn 14y ago
Do you know what career status is? It allows you to re- enter federal service without taking the necessary civil service exams, and allows you to apply for internal job openings even if you're not currently working with the
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by temphn 14y ago
The CORBA example is an own goal. In software, we can replace outdated specifications without threat of a federal raid. If you want to use a different serialization format, no one is stopping you. But if you want to innovate in any physical
128.
by temphn 14y ago
Unfortunately there are so many inaccuracies in your comment that almost every sentence is false or embeds an erroneous assumption. I don't have the time to go line by line, but just take this: It exists not because the law is ever-shif
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by temphn 14y ago
As an aside, it should be noted that at least in the U.S., the government has always regulated pretty much everything that was commercial in nature Jaw-droppingly ahistorical. The Wild West was not characterized by regulation!
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by temphn 14y ago
Simple: the business should be able to deal with willing buyers and sellers. The SEC shouldn't exist. Pure caveat emptor, buyer beware. If you trust the SEC to "protect you" on your behalf you will (someday soon) find yourself Cyprused with
131.
by temphn 14y ago
How benevolent the authorities are! Can you imagine starting a business and then beseeching the SEC king David Blass to find out if your business is legal, and announcing with relief a "no action" letter? It cost Angellist and FundersClub a
132.
by temphn 14y ago
Is the taxi driver on Facebook, using Google, or tapping on an iPhone? Is he using Uber to drive passengers to their AirBnB from the airport they just flew into after booking a trip on Hipmunk? If the taxi driver is aware of it, it must be
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by temphn 14y ago
The "rules" about liquid are silly. The TSA plays the ball rather than the man, going after 3 ounce bottles rather than people with a history of terrorist sympathy.
134.
by temphn 14y ago
This is David Graeber's theory, it's not a bald statement of fact like "the US went off the gold standard in 1971". Graeber even admits this: So really, rather than the standard story – first there’s barter, then money, then finally
135.
by temphn 14y ago
Yes, the Fed printed the money to buy those securities, but it's not like they just printed the money and gave the banks free money. That is exactly what they did, because otherwise those securities would not have had the same
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by temphn 14y ago
For just one example of how this presentation is misleading, gold has never really been selected by free markets as a currency. "Never"? Quite the opposite. Gold was seized by Roosevelt with Executive Order 6102 to prevent pe
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by temphn 14y ago
Great. I hope you will agree most of these are differences of opinion ("particularly important", "serious problem") rather than empirical fact. Moreover, I hope you will agree that people with similar conventional beliefs on inflation &
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by temphn 14y ago
The bailouts represent money printed and deposited in the accounts of banks. Kind of a fusion of the worst of right and left ideology: devalue everyone else so that the richest get richer. The full magnitude of the money printing is actuall
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by temphn 14y ago
The presentation has plenty of historical data going back to Roman times, including links to sites with debased currency, so I'd humbly suggest that you enumerate the "common errors" in the presentation. Moreover, experts in "monetary polic
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by temphn 14y ago
But of course there is a control group: China under Maoist communism, when they were desperately poor and the government murdered millions of people. Capitalism isn't the only necessary item, but when missing it's obviously missing: like in
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by temphn 14y ago
Here is my data: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... I believe that the sustained, multidecadal, multitrillion dollar improvement in living standards of 1.2 billion people is a little more compelling than an NG
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by temphn 14y ago
Because it's hard enough to make a positive return -- to make something people want -- when expectations are set up front and investments are filtered. If they want to do good by these people the investors need to expect (nay, demand) a ret
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by temphn 14y ago
Terrible idea. Charity runs out and therefore does not scale. Want to help people? Invest in them, as then they need to create wealth to provide a positive sum return. China did not become rich through communism or through charity, but thr
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by temphn 14y ago
Suppose you have the Bitcoin on a local wallet, and your computer crashed, losing all the private keys (perhaps presenting the requisite Apple Store receipts when you took it down to the store to get repaired). A bit like losing your cash i
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by temphn 14y ago
Given that the TSA considers every single citizen boarding a plane "suspicious", and that the Obama administration had to be pressed for months to concede that droning American citizens on US soil without trial would not be within its power
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by temphn 14y ago
"Relentlessly cynical", you sound like a great person to hire! Someone like you shouldn't work for a startup. Go and work for a big company, go poison the atmosphere there. It's just not a good fit on both ends. If they're cheating you so b
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by temphn 14y ago
Even more important, especially for men, is to have any woman you are dating express feelings for you via email or text (pictures not necessary). This goes quadruply true if you are dating them at the office. Electronic records are the only
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by temphn 14y ago
For anyone else who was curious about the drone photographing an environmental violation, here's the denouement and the company's side of the story. In short, the Ondruseks state that an unmaintained government-controlled sewer pipe was res
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by temphn 14y ago
California just enacted a massive retroactive tax. If they want to, they will do what they want. http://www.xconomy.com/san-francisco/2013/01/15/california-t... http://tech.fortune.cnn.com/2013/02/21/the-california-tax-th...
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by temphn 14y ago
Honest question: do you believe there any job where you are not being screwed? And do you believe you are an above average employee, or that you could be a founder yourself (as it's just like getting in on Manhattan early)? If so, why not w

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