Sure once you have a certain amount of money you will do more leisure, but given a large enough monetary incentive you'll choose work.
If you offered me $100 to do some yard work one Saturday I would likely say no and instead play with the kid. If you offered me $1,000 to do the same yardwork on the same Saturday it's much more likely I'd say yes. Offer $10,000 and the kid can entertain himself. The job I have pays more than enough to keep the family in food and housing, and yet an offer of more money can get me to do work I otherwise wouldn't do.
So the "more money" part doesn't change. It's just that when I have enough money already the cutoff for an amount to be enough to bother with is higher.
You just need to look at the crazy Lawyers and Wall Streeters for examples of people who will work a lot for big money even though they already have "enough".
I'm far more likely to work more if I'm being paid $30/hour than if I'm being paid $20/hour. The less I'm paid the more likely I'll choose to play video games instead.
Obviously if you think that you don't choose to live in a state like Texas that has no income tax but does have a sales tax. They don't have soldiers at the state lines stopping people moving to a state which uses an income tax instead.
I'm pretty sure the poster was trying to make a stupid joke, and failing miserably because almost nobody gives a shit about "PIN number", "FTP protocol", and all the other such things that get some people worked up into a frenzy.
See i says "VPS server", which would be "Virtual Private Server server", Which like an "FTP server" is a server that provides FTP must be a server that provides VPSs in other words a reasonably capable real server. Ha-ha-ha-ha.
And yes, it isn't funny in any way at all. But as I should have said at he beginning the poster is clearly retarded.
Data plans are simply too expensive. You can get a non-smart phone on a low minute plan for ~$30/month. The same thing with a smart phone is going to run double that per month.
They're clearly working at changing that by not offering nice non-smart phones.
If I wait 6 months the laptop I bought today will be cheaper, yet people buy them.
If I knew food was going to be cheaper next month, I still have to eat this month.
Sure high amounts of deflation just like high amounts of inflation are bad since they cause people to work at exploiting/avoiding that instead of something actually productive.
But low amounts? If I prices are declining by 2% a year I doubt I'm waiting to buy most things - I either need them now or I derive enjoyment for them now. Businesses see their input costs fall so they are still making a profit by buying inputs now and selling stuff now rather than waiting until next year. Investors are seeing gains by hoarding and not actually investing - but they should see higher gains investing - and if hoarding really does becomes a great way to invest then economic production will start to fall and hence prices start to rise again. A pretty standard business cycle of growth followed by decline followed by growth and on and on.
If that incentive to not hoard is the only thing then that's easily substituted by a wealth tax that taxes hoarded currency at a higher rate than it taxes non-currency wealth.
I do agree that such a fixed currency supply is not going to be as good as one that grows with the economy - which in theory is what backed currencies do, since more economic production also means more digging up of gold or collection of sea shells or whatever the currency is. At some point economic growth will see transactions becoming impossible because the lowest unit is too big after all. Whether it would work better than a currency with no supply restrictions I'm not sure about.
I have no problem with the money supply definitions of inflation/deflation, it's just silly to not be clear you are using them since the usual (as in what most people think you mean) meaning is prices.
When you are discussing with someone using the price definitions it's just being obtuse. You agree that there will be a decrease in prices which is clearly what the post you were replying to meant when they said "deflation" - but you intentionally use words that will cause your statements to be misinterpreted. What is the point - save a couple of words of typing in order to make an argument where there isn't one?
And this had nothing to do with multiple currencies, the topic (of this particular thread) is whether the fixed size nature of the BitCoin money supply is a problem.
If you reach have a fixed money supply then obviously you will have either price deflation or price inflation. If you are seeing economic growth you will have deflation, if you are seeing economic decline you will have inflation.
Unless you are defining inflation/deflation in terms of the money supply not in terms of prices - but that would be retarded in a system with a fixed money supply.
But there's nothing intrinsic about devalueing. A currency could also increase in value with time - if economic production increases faster than the currency supply for example.
And there is no concept of a BitCoin representing some amount of energy - you can't get the energy back. It's simply a mechanism to restrict the supply without requiring a centralized issuer.
Lots of jurisdictions when evidence has been willfully destroyed interpret the remaining evidence as being against the side that did the destroying. So if a piece of evidence could imply X or Y, and the missing evidence likely would have clarrified which then the one least favourable for the destroyer is going to get used.
And you'll go to jail if they can prove you destroyed your hard drive in a situation like that. See the idiot who "hacked" Palin's email for a recent example - the "hacking" conviction was a misdemeanor, the obstruction of justice by destroying evidence conviction was the felony.
I don't have a problem with really cheap games, don't get me wrong, but I don't think that indie game developers and game publishers shouldn't have to price their games as much as a song on Amazon MP3 or iTunes; there's lots of people that would buy them if they were more expensive, you know? And it helps because it gets the publisher/developer more money, especially if they aren't independent.
Indie game developers and game publisher price their games at the price they think will make them the most money. A lower price and more volume can be better than a higher price, especially when the marginal cost is 0. And of course instant profit isn't the only motivation, some people would rather more people see their stuff.
Some choose the really cheap price point (all those $1/$2 games), some choose something higher (e.g. Minecraft at $20, Avernum 6 at $28). And some just give it away free...
Also if this is just due to driver error, why it is only happening mainly on Toyotas? Answer me that!!
Because there was lots of media attention. Hence people who accidentally pressed the wrong pedal and happened to be in a Toyota now reported that it happened to them too, while people who accidentally pressed the wrong pedal and weren't in a Toyota just said "shit I'm dumb, I pressed the wrong pedal".
Yes there were some design issues which caused the pedal to stick in some cases which triggered the media attention - but the bulk after that are just people blaming anything but themselves.
It's not the first time this has happened and it won't be the last.
Oh and you can't use the words "only" and "mainly" at the same time - if it is "only" is isn't "mainly" and if it is "mainly" is isn't "only".
"concerted activities" include discussing work related issues - punishing a worker for doing so is against the law (at least those not excluded from the Act such as independant contractors and government workers). And the NLRB was arguing that facebook posts about work related issues are under that blanket, and since they settled the employer in question obviously thinks that mightn't be dismissed at the first chance a judge gets.
Just because the state is "at will" doesn't mean employers get to ignore Federal law.
Slashdot Mirror
I don't think it's quite so linear.
Sure once you have a certain amount of money you will do more leisure, but given a large enough monetary incentive you'll choose work.
If you offered me $100 to do some yard work one Saturday I would likely say no and instead play with the kid. If you offered me $1,000 to do the same yardwork on the same Saturday it's much more likely I'd say yes. Offer $10,000 and the kid can entertain himself. The job I have pays more than enough to keep the family in food and housing, and yet an offer of more money can get me to do work I otherwise wouldn't do.
So the "more money" part doesn't change. It's just that when I have enough money already the cutoff for an amount to be enough to bother with is higher.
You just need to look at the crazy Lawyers and Wall Streeters for examples of people who will work a lot for big money even though they already have "enough".
So how are those shorts doing?
Are you seriously short at the same time the Fed is promising to use the printing press to keep stock prices up?
How can you not get that simple claim?
I'm far more likely to work more if I'm being paid $30/hour than if I'm being paid $20/hour. The less I'm paid the more likely I'll choose to play video games instead.
Obviously if you think that you don't choose to live in a state like Texas that has no income tax but does have a sales tax. They don't have soldiers at the state lines stopping people moving to a state which uses an income tax instead.
Way to fail civics.
So where in the constitution does it grant that to the Federal Government?
Federal highways come under "To establish Post Offices and post Roads;" one of the enumerated powers in Article 1, Section 8, for example.
Given the existence of the debacle you mention assuming the very same organization would keep archives seems a risky one.
I'm pretty sure the poster was trying to make a stupid joke, and failing miserably because almost nobody gives a shit about "PIN number", "FTP protocol", and all the other such things that get some people worked up into a frenzy.
See i says "VPS server", which would be "Virtual Private Server server", Which like an "FTP server" is a server that provides FTP must be a server that provides VPSs in other words a reasonably capable real server. Ha-ha-ha-ha.
And yes, it isn't funny in any way at all. But as I should have said at he beginning the poster is clearly retarded.
Data plans are simply too expensive. You can get a non-smart phone on a low minute plan for ~$30/month. The same thing with a smart phone is going to run double that per month.
They're clearly working at changing that by not offering nice non-smart phones.
If I wait 6 months the laptop I bought today will be cheaper, yet people buy them.
If I knew food was going to be cheaper next month, I still have to eat this month.
Sure high amounts of deflation just like high amounts of inflation are bad since they cause people to work at exploiting/avoiding that instead of something actually productive.
But low amounts? If I prices are declining by 2% a year I doubt I'm waiting to buy most things - I either need them now or I derive enjoyment for them now. Businesses see their input costs fall so they are still making a profit by buying inputs now and selling stuff now rather than waiting until next year. Investors are seeing gains by hoarding and not actually investing - but they should see higher gains investing - and if hoarding really does becomes a great way to invest then economic production will start to fall and hence prices start to rise again. A pretty standard business cycle of growth followed by decline followed by growth and on and on.
If that incentive to not hoard is the only thing then that's easily substituted by a wealth tax that taxes hoarded currency at a higher rate than it taxes non-currency wealth.
I do agree that such a fixed currency supply is not going to be as good as one that grows with the economy - which in theory is what backed currencies do, since more economic production also means more digging up of gold or collection of sea shells or whatever the currency is. At some point economic growth will see transactions becoming impossible because the lowest unit is too big after all. Whether it would work better than a currency with no supply restrictions I'm not sure about.
You thought wrong.
You bother posting, but you can't be bothered skimming the summary?
I have no problem with the money supply definitions of inflation/deflation, it's just silly to not be clear you are using them since the usual (as in what most people think you mean) meaning is prices.
When you are discussing with someone using the price definitions it's just being obtuse. You agree that there will be a decrease in prices which is clearly what the post you were replying to meant when they said "deflation" - but you intentionally use words that will cause your statements to be misinterpreted. What is the point - save a couple of words of typing in order to make an argument where there isn't one?
And this had nothing to do with multiple currencies, the topic (of this particular thread) is whether the fixed size nature of the BitCoin money supply is a problem.
How does that make it a bad thing?
How did the tech industry survive with falling prices all these years?
If you reach have a fixed money supply then obviously you will have either price deflation or price inflation. If you are seeing economic growth you will have deflation, if you are seeing economic decline you will have inflation.
Unless you are defining inflation/deflation in terms of the money supply not in terms of prices - but that would be retarded in a system with a fixed money supply.
Sure not really any difference, other than being completly unrelated too and sharing essentially nothing in common with.
So my cash magically changes from currency to an investment just because we enter see deflation for a period of time?
But there's nothing intrinsic about devalueing. A currency could also increase in value with time - if economic production increases faster than the currency supply for example.
And there is no concept of a BitCoin representing some amount of energy - you can't get the energy back. It's simply a mechanism to restrict the supply without requiring a centralized issuer.
Lots of jurisdictions when evidence has been willfully destroyed interpret the remaining evidence as being against the side that did the destroying. So if a piece of evidence could imply X or Y, and the missing evidence likely would have clarrified which then the one least favourable for the destroyer is going to get used.
And you'll go to jail if they can prove you destroyed your hard drive in a situation like that. See the idiot who "hacked" Palin's email for a recent example - the "hacking" conviction was a misdemeanor, the obstruction of justice by destroying evidence conviction was the felony.
Indie game developers and game publisher price their games at the price they think will make them the most money. A lower price and more volume can be better than a higher price, especially when the marginal cost is 0. And of course instant profit isn't the only motivation, some people would rather more people see their stuff.
Some choose the really cheap price point (all those $1/$2 games), some choose something higher (e.g. Minecraft at $20, Avernum 6 at $28). And some just give it away free...
That's what you get when you gobble up lots f the cash for clunkers money that was supposed to go to GM and Ford.
It's a girl's car. It's to cramped for a man to drive safely. (and yes, this is slashdot, you are hence a male)...
Because there was lots of media attention. Hence people who accidentally pressed the wrong pedal and happened to be in a Toyota now reported that it happened to them too, while people who accidentally pressed the wrong pedal and weren't in a Toyota just said "shit I'm dumb, I pressed the wrong pedal".
Yes there were some design issues which caused the pedal to stick in some cases which triggered the media attention - but the bulk after that are just people blaming anything but themselves.
It's not the first time this has happened and it won't be the last.
Oh and you can't use the words "only" and "mainly" at the same time - if it is "only" is isn't "mainly" and if it is "mainly" is isn't "only".
That's right. If I want to fire Jim because he is black, that's my god damn right.
If Joe won't swear on the Bible that he's going to vote for my choice in the next election then it is my right to fire his ass.
If Bill decided to convert to Budhism it is my right to fire him.
If my employees decide to exercise their freedom of association it is my right, no it is my duty as an American to fire their asses.
There is more to the law than just discrimination laws and the first amendment, in this case 29 U.S.C. 157 is the issue: http://www.law.cornell.edu/uscode/uscode29/usc_sec_29_00000157----000-.html
"concerted activities" include discussing work related issues - punishing a worker for doing so is against the law (at least those not excluded from the Act such as independant contractors and government workers). And the NLRB was arguing that facebook posts about work related issues are under that blanket, and since they settled the employer in question obviously thinks that mightn't be dismissed at the first chance a judge gets.
Just because the state is "at will" doesn't mean employers get to ignore Federal law.