Paul Graham: Hiring is Obsolete

jazznjava writes "Paul Graham has a new essay covering what the influences of declining operating costs will have on startup companies, and the undervaluation of undergraduates."

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Re:Outsourcing...

[Monkelectric]

The dollar his been in a freefall. A lot of reasons behind the Iraq war had to do with actually stabilizing our currency and warning other countries who would trade oil in the euro.

Currently countries like China are proping up our currency by purchasing tons of dollars (for more then they need, and ultimately unsustainable). As long as the worlds oil transactions are conducted in dollars people will *have* to buy dollars to buy oil, and the Dollar stays artificially high. I saw artificially because otherwise we are an investment *DOG*. 7 or 8 trillion in debt? every country in the world almost wants to see us unseated, we're loosing a war, vulnerable to attack as our military is already overextended. Price of oil is going to cause stagflation, and our economy while doing better is still dogging it in a lot of ways. It doesn't look good here.