I can agree with the way fractional banking works in the private sector. I don't think a bank should be regulated on how much money it holds in reserve. Instead, it should have to tell it's customers how much is held in reserve, then let the people decide if they want this bank or that bank. If there is a run on a bank, guess you learned your lesson the hard way.
The problem I have is that the FED doubled the money supply in a year. If that gets into the economy at large you will have to pay $10 for your average McDonalds meal. Most people will be confused and start some stupid campaign to have price fixing in fast food 'for the poor folk'. The whole time very few will realize who actually stole the value of the dollar.
Really, can't we keep our noses out of a neighborhood dispute? Nope! Have to bring in more government to 'fix' the situation. Wouldn't be so bad if we could directly elect who we want in the UN but it's all appointed persons by people that only half the population like...
Imagining Iran as pre-fall-of-communism Russia is like comparing my garden with a 480 acre farm.
In other words, unless you are my next door neighbor, my garden should be none of your concern.
No. Just trying to point out that the acceptance of false positives in the name of safety is generally as bad an idea as false negatives, the boy who cried wolf, and fat free twizzlers.
1. You don't need a literature degree to be in HR or write a book.
2. Why bother with this argument? This is arguing for a professor just for the sake of the professor. If the funds that were allocated to a lit professor are better allocated to a engineering professor, why not get rid of the lit professor? Who knows what the engineering professor could be doing with his students?
3. I like books, and I pay for them. It is a benefit to me and the author. Explain to me where the educated but under employed lit major falls into that equation. If he was the editor, I could understand that, but that would be a job directly related to his major.
My beef here isn't with being educated. I think everyone should be educated. My beef here is with the insistence on formal education. The expenditure on formal education is what is plane crazy, and I believe it is the major barrier to having smarter people in the world. Everyone wants to solve this problem by making formal education less expensive, but whats wrong with advocating for self directed informal education? You know, the kind that anyone can get with a library card, the internet, and a little gumption. Oh right, people would have to be responsible for their own learning, instead of tricking them into doing it based on some imagined authority boogey man they remember from high-school... that never existed in the first place...
Can you explain how it's richer rather than poorer because of the expenditure he made that he could have used elsewhere? Because I can't explain it by any quantifiable means. Not that I disagree that the world isn't made better by the study of literature. I do it in my free time and it does make my life more enjoyable. But I fail to see how that makes your life better.
The point isn't that we shouldn't fund schools, roads and the electrical grid. The point is that the government has neither the knowledge nor the foresight to invest in emerging industries. Never has and never will. The best thing they could do with this loan is to invest it in schools instead of a startup, that way there will be more people capable of creating a startup on their own.
Most of my non-Linux-user-friends are feeling the pain of Vista and SP3 and asking about "that Linux thing" because they don't want to fork out more money for MAC or a new computer.
This is the US. The 50 citizens who were previously considered 'cooks' will take careful aim with their semi-automatic weapons before the cops realize the violence they have instigated. It happened in 1776, I hope it doesn't happen in the US again, but it very well could.
Don't worry... I'm probably already on the list. But you won't be, you displayed 'civility'
I didn't mean an open wiki, I just mean a Hyperlinked text so you didn't have to do all the searching yourself. Although didn't the GPLv3 get made by a wiki like process? I don't think it turned out to bad.
As for fostering understanding: Have you ever considered that more people would try to understand their government if it wasn't so painfully obvious that the government doesn't want you to know how it runs, and is rather hostile when you take an active interest?
...Maybe United States Law should be made a wiki? Maybe that would foster enough understanding by individuals to actually push for reforms that people want, instead of pushing for reforms that no-body can understand due to the limitations of the presentation media.
Disclaimer: If I were this system engineer, I'd scrap it all and start by looking at the original requirements, not all the feature creep requests.
Slashdot Mirror
The FED is playing a game with unlimited resources.
I can agree with the way fractional banking works in the private sector. I don't think a bank should be regulated on how much money it holds in reserve. Instead, it should have to tell it's customers how much is held in reserve, then let the people decide if they want this bank or that bank. If there is a run on a bank, guess you learned your lesson the hard way.
The problem I have is that the FED doubled the money supply in a year. If that gets into the economy at large you will have to pay $10 for your average McDonalds meal. Most people will be confused and start some stupid campaign to have price fixing in fast food 'for the poor folk'. The whole time very few will realize who actually stole the value of the dollar.
Really, can't we keep our noses out of a neighborhood dispute? Nope! Have to bring in more government to 'fix' the situation. Wouldn't be so bad if we could directly elect who we want in the UN but it's all appointed persons by people that only half the population like...
Imagining Iran as pre-fall-of-communism Russia is like comparing my garden with a 480 acre farm.
In other words, unless you are my next door neighbor, my garden should be none of your concern.
I see your point, but I'd rather it just get it right...
No problem. I'll just use the lead foil that I was using to wrap my sandwiches in... Can't be to careful in this nuclear age ya' know?
No. Just trying to point out that the acceptance of false positives in the name of safety is generally as bad an idea as false negatives, the boy who cried wolf, and fat free twizzlers.
1. You don't need a literature degree to be in HR or write a book.
2. Why bother with this argument? This is arguing for a professor just for the sake of the professor. If the funds that were allocated to a lit professor are better allocated to a engineering professor, why not get rid of the lit professor? Who knows what the engineering professor could be doing with his students?
3. I like books, and I pay for them. It is a benefit to me and the author. Explain to me where the educated but under employed lit major falls into that equation. If he was the editor, I could understand that, but that would be a job directly related to his major.
My beef here isn't with being educated. I think everyone should be educated. My beef here is with the insistence on formal education. The expenditure on formal education is what is plane crazy, and I believe it is the major barrier to having smarter people in the world. Everyone wants to solve this problem by making formal education less expensive, but whats wrong with advocating for self directed informal education? You know, the kind that anyone can get with a library card, the internet, and a little gumption. Oh right, people would have to be responsible for their own learning, instead of tricking them into doing it based on some imagined authority boogey man they remember from high-school... that never existed in the first place...
I'm glad you aren't a judge.
They actually get fired these days? That must be new... or old... or just not what I've been seeing.
Can you explain how it's richer rather than poorer because of the expenditure he made that he could have used elsewhere? Because I can't explain it by any quantifiable means. Not that I disagree that the world isn't made better by the study of literature. I do it in my free time and it does make my life more enjoyable. But I fail to see how that makes your life better.
I'm not trying to side either way here. Just curious.
What is the proper way to pluralize a possessive pronoun? Is the proper way kids' heads or something else?
Nice straw man argument.
The point isn't that we shouldn't fund schools, roads and the electrical grid. The point is that the government has neither the knowledge nor the foresight to invest in emerging industries. Never has and never will. The best thing they could do with this loan is to invest it in schools instead of a startup, that way there will be more people capable of creating a startup on their own.
You should do a slashdot article on it.
Most of my non-Linux-user-friends are feeling the pain of Vista and SP3 and asking about "that Linux thing" because they don't want to fork out more money for MAC or a new computer.
New Years and Christmas parties?
Neither of them likes Capitalism anymore, that's for sure.
So let the rich people fund it with their own money, not force everyone through government coercion.
Wow, what an inflammatory statement. I knew I had ignorance that's why I asked for information.
At least they weren't screwing the public, like most of the people in DC.
This is the US. The 50 citizens who were previously considered 'cooks' will take careful aim with their semi-automatic weapons before the cops realize the violence they have instigated. It happened in 1776, I hope it doesn't happen in the US again, but it very well could.
Don't worry... I'm probably already on the list. But you won't be, you displayed 'civility'
I've never checked but does slashdot come in any other language than the one read by the 5%?
I didn't mean an open wiki, I just mean a Hyperlinked text so you didn't have to do all the searching yourself. Although didn't the GPLv3 get made by a wiki like process? I don't think it turned out to bad.
As for fostering understanding: Have you ever considered that more people would try to understand their government if it wasn't so painfully obvious that the government doesn't want you to know how it runs, and is rather hostile when you take an active interest?
...Maybe United States Law should be made a wiki? Maybe that would foster enough understanding by individuals to actually push for reforms that people want, instead of pushing for reforms that no-body can understand due to the limitations of the presentation media.
Disclaimer: If I were this system engineer, I'd scrap it all and start by looking at the original requirements, not all the feature creep requests.
Don't kid yourself. It is a disaster in the US.