damptowel

8 ms·

1.
by damptowel 8y ago
I much prefer unhurried cultures, the west takes itself way too seriously.
2.
by damptowel 8y ago
A certain EU country exports it’s supposed tax revenue to Greece so they can use 90% of it to pay their multinational banks. They have to do it in a currency they don’t own and is overvalued relative to their economy. The country mostly pre
3.
by damptowel 8y ago
Weimar :)
4.
by damptowel 8y ago
Private sector debt is at the highest level in recorded history. This is why the post 2008 recovery was so sluggish, since on average every unit of currency circulated has to pay for a fraction of the debt servicing cost. If it stops doing
5.
by damptowel 8y ago
> You're drawing a false equivalence. A dollar (or a gold bar) does not represent a specific amount of goods or services that any specific counterparty is bound to deliver. So in general no, money is not inherently debt. This is con
6.
by damptowel 8y ago
The government should just run deficits for financing projects and use tax for redistribution and inflation control, like it does today. The issue today is excessive private sector money creation and lack of federal deficits to offset the d
7.
by damptowel 8y ago
That’s only true of external debt. I.e. debts owed to other currency areas. Government debt is just the number of funds from the currency originator (central bank) to it’s distributor (treasury). Both institutions are a subject of the natio
8.
by damptowel 8y ago
Inflation is not a tax... Inflation also reduces the value of old debt in relation to current income.
9.
by damptowel 8y ago
Government debt isn’t “debt” in the classical sense. Let me suggest an analogy: a bank lends you a loan at intrest, but no expiry date. You can pay back the loan at any point in the future. Not only that, the bank has no ways of enforcing
10.
by damptowel 10y ago
Well, we can always eat the immigrants!
11.
by damptowel 10y ago
You mean if I don't have the freedom to decide I don't like freedom, your goons will punch some freedom into me? Sound very un-free to me. Reminds me I still have my unread copy of Nozick gathering dust.
12.
by damptowel 10y ago
Sounds like feudalist Europe ;)
13.
by damptowel 10y ago
I would love to see some research touching upon the finer points of this, I've always assumed child mortality was the leading factor. The education thing I think might be some causal reversal, women have time to study because they have
14.
by damptowel 10y ago
Haha, i love that analogy, you should build some predator-prey model out of that.
15.
by damptowel 10y ago
I feel like personal responsibility is one of those things that work nice on paper, but that requires forethought, correct information, good education, processing power. Then there's things like genetics, bad upbringing, peer pressure,
16.
by damptowel 10y ago
Humans are still hardwired for the state of nature where high caloric foods are a scarcity, evolution has not caught up yet. It is very silly and unrealistic to suggest that raising the profit motive above others will bring out the best res
17.
by damptowel 10y ago
This is a commonly held belief, but it's wrong, the dominant economic models in use today are neither rigorous (internally inconsistent, extremely poor empirical verification, major aggregation errors, lack of essential inputs) nor rep
18.
by damptowel 10y ago
* Grow a beard * Exploring vegetarian recipes * Get to a 100 push ups * Learn Racket * Learn to weld and make some furniture * Sit less
19.
by damptowel 10y ago
And it's called a hypothesis for a very good reason.
20.
by damptowel 10y ago
Rational markets fly in the face of complexity theory. I would very much like to see the evidence.
21.
by damptowel 10y ago
I dont't get how people can choose possible local disaster (nuclear) over certain global disaster (co2 emmiting power generation). Not to mention deaths from air polution. I'm all for solar and improved storage solutions, but we h
22.
by damptowel 10y ago
For the uninitiated, I found this a good introduction http://www.phyast.pitt.edu/~blc/book/ (It seems to have a pro nuclear bias, the author claims neutrality)
23.
by damptowel 10y ago
502 Bad Gateway (chuckles)
24.
by damptowel 10y ago
Never fall into the mindset that a partner is a requirement for personal fulfilment, that will just make you feel anxious while dating and miserable when it doesn't work out. Rather focus on just enjoying the moment. If you give the im
25.
by damptowel 10y ago
If there's a big influx in the supply of money bit it only flows into one sector of the economy then the average inflation might be higher, but won't necessarily mean a constant rise in all prices. So I would argue distribution ma
26.
by damptowel 10y ago
The inflation would probably not be homogenous, different markets have different pricing mechanics and characteristics. Another variable is percentage going to debt financing, which will have a stimulating effect. One in increased gdp becau
27.
by damptowel 10y ago
McCullough interview video: https://youtu.be/MTmR6X2w8Tg He seems quite the figure.
28.
by damptowel 10y ago
Hitler seemed like a more capable leader though, and less of a bigot. I believe he also had better taste in furniture. (Yeah sure downvote me all you want, gneeeh!)
29.
by damptowel 10y ago
I'm not sure I understand when you mention academia as some monolithic structure. You mean certain dominant strands of sociology and political theory? I think that's a pretty broad generalization. Also something I notice again and
30.
by damptowel 10y ago
Design is often a victim of mutually excluding constraints, i'm not so sure it's easier to achieve perfection. In fact, I'm pretty sure it isn't.

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