costac

9 ms·

1.
by costac 5y ago
Of course it matters. If banks bare the cost, they have to pass it on to their customers by raising rates. If the public pays for it, the government and central bank will end up printing money --one way or another -- to pay depositors. And
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by costac 5y ago
Independent is very different from second order. And, yes I know interest on loans increased substantially but that has nothing to do with the new saving product and everything to do with the meltdown in the lira that preceded. Edit: And in
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by costac 5y ago
Borrowing costs increased independently of the new savings product. They were rising well before it was announced and increased further because the market priced in a higher level of inflation following the sharp depreciation. The higher ra
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by costac 5y ago
> Everybody knows the new savings scheme he introduced is essentially increasing interest rates. This is not true. Raising interest rates would mean raising the cost of funding for the banking system. Under the new saving scheme, since
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by costac 5y ago
I want to thank everyone for their comments. I'm a long-time and avid Hacker News reader and this was my first real post I guess. The community here is really solid and is largely what got me hooked on programming. All your responses
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Ask HN: What if you hate web development?
50 points by costac 5y ago|42 comments
7.
by costac 5y ago
> what if the neighbors collude and vote that you failed to improve the park despite having done what was specified. The contract could further specify that some neutral third party acts as an arbiter in that case. If there's anythi
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by costac 6y ago
In addition to what most other people said here about how to improve communication in a team, I'd say that if you do want to learn some programming and how to think like a computer scientist, you can't go wrong with the MIT's