tylerhou

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511.
by tylerhou 6y ago
Econ 101: the value of ordinary goods are determined both by supply and demand. Bitcoin-fanatic-USD-bears claim that Bitcoin is a good store of value because it has constrained supply. But they miss the demand side of the equation. Similarl
512.
by tylerhou 6y ago
Someone asked (and deleted their comment while I was writing my reply): > How does this compile in another language such as C? It doesn't; the C language doesn't implement arbitrary size integers, and therefore most C compilers
513.
by tylerhou 6y ago
2020 saw all-time highs for both corporate bond & equity issues. That's clear demand for capital.
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by tylerhou 6y ago
How are stonks going up causing people to suffer? (Besides distributional issues.) People can still buy food and water, which is the primary objective. Also, the Fed can't change asset prices without slowing growth. Is that desirable?
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by tylerhou 6y ago
The demand for dollars is internal to the US. Both businesses and consumers pay for things with expected future cash flow — for example, they pay their rent with their income (whether from customers or from a job). Or they took out loans wi
516.
by tylerhou 6y ago
Exactly — this is nowhere close to MMT. Stabilizing the price of the USD during recessions is literally the definition of Keynesian.
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by tylerhou 6y ago
You shouldn’t care. This chart is making up claims of “obvious” inflation (despite no evidence) to push BTC and other cryptos. (That’s why the dropdown has crypto coins.) Also, the person doesn’t really understand monetary policy or macroec
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by tylerhou 6y ago
The counterparty risk is that when the sovereign becomes insolvent, people won’t want to buy your gold because they’d rather have food and water.
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by tylerhou 6y ago
num_transactions_possible is so high that it’s effectively unlimited. It also doesn’t take into the size of of transactions.
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by tylerhou 6y ago
Mainstream economists know that CPI isn't accurate because of changes in demand. So they created other indicators (like chained CPI [0]) to account for changes in the basket of goods. Normalizing against the M1 is an not very meaningfu
521.
by tylerhou 6y ago
I can “crash” a tab by running an infinite JS loop, or sending a bunch of data. Crashing doesn’t seem like a big deal.
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by tylerhou 6y ago
The Fed also can't give $1000 to everyone.
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by tylerhou 6y ago
Badecon addresses this — in fact, it’s the top comment.
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by tylerhou 6y ago
Paying dividends to shareholders accomplishes the same thing as buying back stocks: both return capital to investors. Increasing the company pension would not have saved them from their current woes: they would still need to issue debt or e
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by tylerhou 6y ago
You're right: even though $2 trillion of bonds have been issued by US companies, one $14 billion ($0.014 trillion) issue to buyback stocks completely reverses my entire narrative. The pandemic has not hit Apple as hard as other industr
526.
by tylerhou 6y ago
I didn’t say the gold standard caused the Depression; I said it exacerbated it. This is well supported by your link and other historical sources. The point is, without control of the money supply, a government cannot prevent deflationary sp
527.
by tylerhou 6y ago
And conveniently for my point, 2020 saw the largest stock and bond issuances of all time.
528.
by tylerhou 6y ago
https://www.cnbc.com/2020/12/08/tesla-to-raise-up-to-5-billi... https://www.ft.com/content/a59c2a9d-5e0b-4cbc-b69e-a138de76a... https://www.bloomberg.com/news/articl
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by tylerhou 6y ago
Taxes?
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by tylerhou 6y ago
https://www.bloomberg.com/opinion/articles/2020-03-17/the-go...
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by tylerhou 6y ago
> The rich simply store the money in assets like stocks and houses and it never touches consumption. But these do affect consumption. 1) Stonks going up means that companies have more capital (through stock issuances and equity raises).
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by tylerhou 6y ago
CEO bonuses, not always a good thing. Buybacks are not always good (because stock-compensated corporate managers sometimes abuse them to increase the stock price), but for airlines, buying stock was the right choice. You can read Matt Levin
533.
by tylerhou 6y ago
The Fed doesn't the power to enact a wealth tax. It's powers were delegated to it by Congress. Congress does have the power to enact a wealth tax. But it chooses not to. The way to change that is by voting.
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by tylerhou 6y ago
A bunch of these graphs are misleading, especially the ones from the EPI. /r/badecon can explain better than I can: https://www.reddit.com/r/badeconomics/comments/6rtoh4/produc... TL;DR: 1. The
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by tylerhou 6y ago
The Fed is stabilizing the price of the USD because of the coronavirus pandemic. If it were not printing money, then there would likely be a deflationary spiral that would cause a depression. That's one of the reasons why the Great Dep
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by tylerhou 6y ago
> disrespect igor by dismissing his arguments due to his tone, which handily allows you to ignore his content, such as it is I didn't dismiss his argument; I said that he was correct right after he posted: https://news.yc
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by tylerhou 6y ago
Agreed about the tone. The comment could have been less argumentative — instead of "that's not the point," they could have said "that's not the only reason." On the other hand, if I'm not responding, it&#x
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by tylerhou 6y ago
This is right on the money — getting search results for queries that are too personalized to e.g. location means that you can't cache those search results (or if you did cache them, their entries would be useless).
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by tylerhou 6y ago
If you took into account user, location, etc. 15% seems too low. I almost never search for the exact same thing twice in the same location. 15% of the queries themselves are unique. https://blog.google/products/search&#
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by tylerhou 6y ago
I think they meant "should be used to prosecute crimes."

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