In particular the computer disabled all input limiters, allowing one of the pilots to hold one of the side sticks (basically a computer joystick, so no feedback to the other pilot as one find on mechanical systems) into climb.
True that inflation hurts, but this only if wages do not keep up with inflation. If wages are stagnant then daily expenses eat into the budget, making interest unmanageable. But if wages keep up with inflation, the only people hurt by inflation are the banks. This because interest becomes easier to manage as people have more cash in their budget. As for loaning from the federal reserve, perhaps. The dynamics of when and how banks loan from the fed is unknown to me at this time, and the supposed behavior and the actual behavior may not match up.
Inflation comes from loans, not the government printing press.
Each loan creates money on the deposit books, that is then spent into the market. Even full reserve banking would not work, as, unless there is something like continual checks by independent auditors before each loan, banks just need to make sure there are enough deposits on the books when a accounting period rolls round. Hell unless there is some careful back tracking being done, one banks loan is another banks fully valid deposit that can be used to back another loan from their side. And if this goes back and forth enough, the money supply may have exploded in size from these loan-deposit-loan cycles. Once that happens, all the government does it print enough money to keep the market churn while under the weight of all those interest payments.
Your telling me that winter tires are not mandatory in wintery states in the US?! No wonder there are all kinds of crazy when a snow storm pops by. Here in Norway your required to have winter tires on after a specific date, and they need to have a minimum thread depth.
I recall reading about a fenomena where a person would live in a dump, but take very well care of how he or she dressed and their vehicle. This because people did not know where or how the person lived, but could see the car and clothes each day. So it may well be that a poor person would forgo various other expenses to maintain the use of a expensive car.
Never mind that a problem may be solvable with few lines of code and a bit of thought, yet if one go by lines/day it will seem to be more productive to solve the same problem with a lot more code and no thinking.
Some of the best code written so far seems to have come from programmers that could isolate themselves from the world for days on end.
I recall reading about kids that had bone marrow transfusions at a early age ended up with a immune system that woulkd accept multiple blood types. I wonder if something similar could apply for tissue rejection...
Ugh, reminds me of how much i missed while toying around with the A500 as a kid. I did drool over AMOS ads and envisioned myself programming games on the thing. Never happened...
At some point during the 90s, some braniac coined the "knowledge economy". Basically the idea that one could come up with ideas and designs, and then rent those idea to others that would actually produce them.
There is a lovely article about the early days of recorded music over at Ars Technica where a artists reaction to a recording studio went something like "you want me to sit in a cubicle all day and play a instrument?! I am a performer, not a day laborer!".
Hell. I sometimes wonder if one can spot what side of the argument a artist will back by how they present themselves, either as a performance artists or a recording artist...
Given the kind of numbers tossed around regarding Pirate Bay, from ads alone, i would say that artists may well set up agreements with these sites for a cut of the ad money.
Hell. Once a torrent gets under way, most of the actual traffic is coming out of the swarm. Reducing the cost of the individual upload to pennies vs normal means (as server bandwidth for the potential level of traffic is anything but free).
I think it is a old black joke about car companies doing some math over a found flaw, to see if a potential lawsuit would cost more then a recall and refund.
Actually, i think Sony was dragged to court by RIAA because they sold a dual cassette deck player/recorder. And the VCR was famously compared to the Boston strangler by a MPAA lawyer. And they tried to get the playing of video with more than two people present (one being the person that rented to bought the video in the first place) as a public performance. Insanity has always been high on the employment requirements at Big Media...
This is the same issue across all age ranges. Larger classes results in less time for teacher student feedback. But thanks to never ending MBA/economist efficiency demands the classes grows larger and larger...
Sure, monopolies have some very real issues. But my understanding is that Keen is attacking the neo-classicals theoretical foundation for disliking monopolies, because their theories do not actually show free market as being any better. So while it may well be that monopolies are bad (tho i suspect it has to be shown on a case by case basis, rather than as a fixed rule of thumb), the neo-classical theory for saying so has more holes then a swiss cheese.
Slashdot Mirror
Copyright law has been largely unified via the Bern convention (USA signed on in the 1980s) and later WIPO.
Given the transcript, it seems to be a issue of the chair expecting one outcome and the computer doing something else:
http://www.popularmechanics.com/technology/aviation/crashes/what-really-happened-aboard-air-france-447-6611877
In particular the computer disabled all input limiters, allowing one of the pilots to hold one of the side sticks (basically a computer joystick, so no feedback to the other pilot as one find on mechanical systems) into climb.
Or simply become broken or removed when the chosen hiding place ends up rewritten for some reason or other.
While true, demand can and will in part be driven by the access to credit.
True that inflation hurts, but this only if wages do not keep up with inflation. If wages are stagnant then daily expenses eat into the budget, making interest unmanageable. But if wages keep up with inflation, the only people hurt by inflation are the banks. This because interest becomes easier to manage as people have more cash in their budget. As for loaning from the federal reserve, perhaps. The dynamics of when and how banks loan from the fed is unknown to me at this time, and the supposed behavior and the actual behavior may not match up.
Ah, a congressional hearing. My understanding all these years, was that it was stated during a trial.
Huh? Only if one ignore all kinds of kinetic energy bleeding designs, and insist on safety by way of rigidity.
Inflation comes from loans, not the government printing press.
Each loan creates money on the deposit books, that is then spent into the market. Even full reserve banking would not work, as, unless there is something like continual checks by independent auditors before each loan, banks just need to make sure there are enough deposits on the books when a accounting period rolls round. Hell unless there is some careful back tracking being done, one banks loan is another banks fully valid deposit that can be used to back another loan from their side. And if this goes back and forth enough, the money supply may have exploded in size from these loan-deposit-loan cycles. Once that happens, all the government does it print enough money to keep the market churn while under the weight of all those interest payments.
Your telling me that winter tires are not mandatory in wintery states in the US?! No wonder there are all kinds of crazy when a snow storm pops by. Here in Norway your required to have winter tires on after a specific date, and they need to have a minimum thread depth.
I recall reading about a fenomena where a person would live in a dump, but take very well care of how he or she dressed and their vehicle. This because people did not know where or how the person lived, but could see the car and clothes each day. So it may well be that a poor person would forgo various other expenses to maintain the use of a expensive car.
I will never get over the sense of irony i felt, the first time i learned that Iran was fielding F-14s.
Or they implemented your ideas in their next product...
Never mind that a problem may be solvable with few lines of code and a bit of thought, yet if one go by lines/day it will seem to be more productive to solve the same problem with a lot more code and no thinking.
Some of the best code written so far seems to have come from programmers that could isolate themselves from the world for days on end.
I recall reading about kids that had bone marrow transfusions at a early age ended up with a immune system that woulkd accept multiple blood types. I wonder if something similar could apply for tissue rejection...
Ugh, reminds me of how much i missed while toying around with the A500 as a kid. I did drool over AMOS ads and envisioned myself programming games on the thing. Never happened...
At some point during the 90s, some braniac coined the "knowledge economy". Basically the idea that one could come up with ideas and designs, and then rent those idea to others that would actually produce them.
I could have sworn he was also their head lawyer at the time of the lawsuit.
There is a lovely article about the early days of recorded music over at Ars Technica where a artists reaction to a recording studio went something like "you want me to sit in a cubicle all day and play a instrument?! I am a performer, not a day laborer!".
Hell. I sometimes wonder if one can spot what side of the argument a artist will back by how they present themselves, either as a performance artists or a recording artist...
Given the kind of numbers tossed around regarding Pirate Bay, from ads alone, i would say that artists may well set up agreements with these sites for a cut of the ad money.
Hell. Once a torrent gets under way, most of the actual traffic is coming out of the swarm. Reducing the cost of the individual upload to pennies vs normal means (as server bandwidth for the potential level of traffic is anything but free).
I think it is a old black joke about car companies doing some math over a found flaw, to see if a potential lawsuit would cost more then a recall and refund.
Actually, i think Sony was dragged to court by RIAA because they sold a dual cassette deck player/recorder. And the VCR was famously compared to the Boston strangler by a MPAA lawyer. And they tried to get the playing of video with more than two people present (one being the person that rented to bought the video in the first place) as a public performance. Insanity has always been high on the employment requirements at Big Media...
This is the same issue across all age ranges. Larger classes results in less time for teacher student feedback. But thanks to never ending MBA/economist efficiency demands the classes grows larger and larger...
Citizen? How archaic. It is consumer these days...
Now get back to consuming! *whip snap*
Sure, monopolies have some very real issues. But my understanding is that Keen is attacking the neo-classicals theoretical foundation for disliking monopolies, because their theories do not actually show free market as being any better. So while it may well be that monopolies are bad (tho i suspect it has to be shown on a case by case basis, rather than as a fixed rule of thumb), the neo-classical theory for saying so has more holes then a swiss cheese.
http://www.amazon.com/Debunking-Economics-Revised-Expanded-Dethroned/dp/1848139926/ref=sr_1_1?ie=UTF8&qid=1317717312&sr=8-1