vearwhershuh

18 ms·

31.
by vearwhershuh 7y ago
The United States is ungovernable in any coherent manner, except as an empire. It's far too large and culturally incompatible. There is no logical reason the people of appalachia should be governed by people on the west coast, or vic
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by vearwhershuh 7y ago
Proposal: set an immediate 3% interest rate ceiling on all credit cards. This eliminates the immediate cash crunch that everyone is feeling. If a cc company complains, nationalize them. Then take six months to put together a comprehensive
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by vearwhershuh 7y ago
My Proposal: Set a 3% limit on credit card interest for the next six months. If a credit card company complains, nationalize it. Use the six months to set up a debt-forgiveness plan that works for middle and low income earners. At the en
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by vearwhershuh 7y ago
Compare and contrast with the highest voted comment here: https://news.ycombinator.com/item?id=22663106 "If there’s anything the current debacles in Europe and the U.S. has taught us, it’s that selfish and/or irr
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by vearwhershuh 7y ago
Everything I needed to learn about corporate psychology I learned from ribbonfarm: https://www.ribbonfarm.com/2009/10/07/the-gervais-principle-...
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by vearwhershuh 7y ago
The timing isn't random. In an economy as debt-addled as ours, any time there is a major economic crisis the banking system is going to be exposed and require a massive bailout. This is obvious to everyone, so it is either by design o
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by vearwhershuh 7y ago
ice cream trucks but for toilet paper
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by vearwhershuh 7y ago
> if people on the populist left and people on the populist right work together. Yes.
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by vearwhershuh 7y ago
I think one lesson we might learn here is that having domestic capacity for most essential supplies is a worthwhile endeavor, even if it costs a bit more per lot.
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by vearwhershuh 7y ago
Exactly my point. I agree entirely.
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by vearwhershuh 7y ago
Ah, well, that explains it. Mask technology is extremely advanced, after all. And how long does it take to produce a safe, well tested vaccine that we are supposed to give to our kids?
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by vearwhershuh 7y ago
How about these rich guys just open a domestic mask factory or two? I think I'd like to see that as an ante in the "Here is how you should all live going forward" game.
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by vearwhershuh 7y ago
I don't know where you live, but where I live they have issued a shelter in place order and my understanding is that this is widespread. If 56% of the state gets the virus under a shelter in place order, either we all already have it o
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by vearwhershuh 7y ago
Ad free-ish at the Sac Bee: https://www.sacbee.com/news/coronavirus/article241349341.htm... If 56% of CA is infected in 2 months then we aren't being told something about this virus.
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by vearwhershuh 7y ago
Anyone concerned with individual rights should be concerned at the government responses. H1N1 caused 10K+ deaths and infected tens of millions in the US, and we had nothing even remotely approximating this response. This is not to say that
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by vearwhershuh 7y ago
I sincerely hope they do this as debt-free greenbacks.
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by vearwhershuh 7y ago
We can afford it if we print the money, that is, it is debt-free money. The fear if we print the money is inflation, but, as Steve Keen has shown, in the current situation inflation isn't going to happen, especially if we put the focu
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by vearwhershuh 7y ago
The current S&P P/E ratio is still higher than it was at any other time except the 1920s bubble, the .com boom, and the top of the 1960s bull market. https://www.multpl.com/shiller-pe There are problems comparing t
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by vearwhershuh 7y ago
Executive Summary: A Modern Jubilee would create fiat money in the same way as with Quantitative Easing, but would direct that money to the bank accounts of the public with the requirement that the first use of this money would be to reduc
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A Modern Debt Jubilee(debtdeflation.com)
2 points by vearwhershuh 7y ago|1 comments
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by vearwhershuh 7y ago
I agree. The best thing would be a modern debt jubilee, coupled with direct payment for public labor with debt-free money from the government. This was implemented by a certain unmentionable and won him the widespread adulation of his cou
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by vearwhershuh 7y ago
Number 3 will not create inflation. Not in all cases and not in our current environment. That is a myth pushed by the banks in order to keep the current system in place. Debt spends the same as money. We have already had the inflation, p
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by vearwhershuh 7y ago
Obviously there is a level that makes sense and a level that does not. Using the big-bank/government debt-system to manage our money supply is no more or less free market than a citizens dividend, it just ensures that the wealthy get
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by vearwhershuh 7y ago
This is how we should manage the money supply, and it should be monthly. Direct, debt free issuance of a citizens dividend to every US citizen. Coupled with a wind-down of the debt bubble. Maybe take Steve Keen's idea and require th
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by vearwhershuh 7y ago
It's a very shallow article, as one would expect. Most committed liberals (in the classical sense of the word, NB that in the US both parties are liberal by this definition) can't conceive that there are any problems created by l
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by vearwhershuh 7y ago
Back in the very old days I wrote Excel Apps in VBA. You could pull an entire range in as a 2d array and dump it back out the same way. The debugging environment was better than any I have used since. You could drag the execution point an
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by vearwhershuh 7y ago
I'm indifferent towards the content of this article, but a meta-point: it is interesting how our civilian society has militarized so thoroughly. There are the obvious things like the militarization of the police forces, but it has tri
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by vearwhershuh 7y ago
This is a crash, not really a bear market, it's happening too fast. This is what a bear market looks like: https://www.macrotrends.net/2593/nikkei-225-index-historical... NB: The graph is log scale, uncheck that t
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by vearwhershuh 7y ago
The article isn't bad but it beats around the bush quite a bit. The reality is that the architectual establishment is largely responsible for destroying the aesthetic inheritance in the west. Kunstler lays this out for the layman in &
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by vearwhershuh 7y ago
"The worse, the better." -Nikolay Chernyshevsky

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