I'd agree that Krugman thought that a housing bubble was going to be necessary to replace the slump in business investment following the dot-com bubble. I don't think he expected the insane level of fraud and leverage that we got though. So I think even his detractors should be willing to accept that there was a lot of difference between what he was calling for and we got...
That's the paper money, that's no where near the size of the money supply, which is much different. You want M2 from the tables, which is something like $9.5T. Still only 10x more though, so 1 bitcoin would net you $3 mill.
Citation on the 2002 bit please. And he didn't say the alien invasion thing is the right solution, but that it would be a solution to our current crisis.
Dividing a bitcoin into a billion billion parts doesn't change the fact that it's deflationary. It doesn't matter how many parts you can make out of it, each part will still be worth more tomorrow, so there's still pressure to hold it rather than spending it.
No, because no matter how much you can divide it, each part goes up in value with a fixed quantity of the currency and the tendency to hoard. That means there is a deflation pressure.
What I think the key insight in the inflation vs deflation scheme is that deflation values wealth, but inflation values income. That is, people who have wealth which isn't employed in increasing their wealth are happy with deflation. They will happily sit around while their idle money becomes more valuable. There's little incentive to invest it in enterprises which will increase the wealth and thereby advance civilization. Whereas with a low to moderate (and predictable) inflation, there is incentive to put wealth to work. If you just sit on your wealth without employing it to add value to civilization it loses its value.
Really? Nothing to do with reality? His predictions have been far better than most. http://tinyurl.com/3bqefxx In particular, the WSJ was saying years ago that rampant inflation was just around the corner. When again?
Between two drives, one with 750,000 hour MTBF and one with 75,000 hour MTBF, which would you choose for one or 2 drives? The MTBF isn't exactly predictive of your drives' lifespans, but it definitely has real application to the decision about which drives to buy...
Given we've got the 9" version (still have the glass to get refilled one of these days), and it's $175 to refill (+$60 shipping), it seems a bit steep for a 2 year toy...
Does the paper talk about the efficiency of this solution vs Photovoltaic panels and electrolysis? If the hydrogen and oxygen would be split over a large area (say a roof or larger), how would the gasses be collected? It sounds like an interesting result, but not so practical in application...
Um, the "profit!" (along with all the other points) were actions the GP attributed to the FBI agent, not the "exploitable employee" (the guy trying to see his wife/son). Also, the article explicitly says he asked for $3000, and dropped the hint that he'd be happy if his estranged wife turned up dead.
If you are there with a group of friends and you're trying to decide what movie to see after, or describe directions to the bar you're heading to next, why not use your tablet. The dig against geeks social skills is idiotic and shows the writer's lack of social skills.
Perhaps the manufacturers would choose a different OS entirely, say BSD based, or QNX or something and Android would be much less successful (and therefore interesting).
Even if you drop the laptop, it's unlikely to cause the very very lightweight head being kept away from the platter by a stream of high-speed air to crash into the platter and cause data loss.
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I'd agree that Krugman thought that a housing bubble was going to be necessary to replace the slump in business investment following the dot-com bubble. I don't think he expected the insane level of fraud and leverage that we got though. So I think even his detractors should be willing to accept that there was a lot of difference between what he was calling for and we got...
my response was in response to the AC's statement:
"*Bitcoins can be subdivided to an extremely high amount. This mitigates to some extent deflation."
Which I directly refuted. It doesn't matter if the currency is experimental and you want to see what's going to happen, that statement is still false.
That's the paper money, that's no where near the size of the money supply, which is much different. You want M2 from the tables, which is something like $9.5T. Still only 10x more though, so 1 bitcoin would net you $3 mill.
Citation on the 2002 bit please. And he didn't say the alien invasion thing is the right solution, but that it would be a solution to our current crisis.
Dividing a bitcoin into a billion billion parts doesn't change the fact that it's deflationary. It doesn't matter how many parts you can make out of it, each part will still be worth more tomorrow, so there's still pressure to hold it rather than spending it.
No, because no matter how much you can divide it, each part goes up in value with a fixed quantity of the currency and the tendency to hoard. That means there is a deflation pressure.
What I think the key insight in the inflation vs deflation scheme is that deflation values wealth, but inflation values income. That is, people who have wealth which isn't employed in increasing their wealth are happy with deflation. They will happily sit around while their idle money becomes more valuable. There's little incentive to invest it in enterprises which will increase the wealth and thereby advance civilization. Whereas with a low to moderate (and predictable) inflation, there is incentive to put wealth to work. If you just sit on your wealth without employing it to add value to civilization it loses its value.
Really? Nothing to do with reality? His predictions have been far better than most. http://tinyurl.com/3bqefxx In particular, the WSJ was saying years ago that rampant inflation was just around the corner. When again?
Between two drives, one with 750,000 hour MTBF and one with 75,000 hour MTBF, which would you choose for one or 2 drives? The MTBF isn't exactly predictive of your drives' lifespans, but it definitely has real application to the decision about which drives to buy...
Heh, I don't remember that when we bought ours :-)
Given we've got the 9" version (still have the glass to get refilled one of these days), and it's $175 to refill (+$60 shipping), it seems a bit steep for a 2 year toy...
1KW? 'blind every motherfucker in the room'? What room, rooms don't have smoking holes throughout the walls...
I had one of those (still have the sphere), but didn't manage to keep it alive for more than about 2 years...
It could be argued that the water wheel started the industrial revolution...
Does the paper talk about the efficiency of this solution vs Photovoltaic panels and electrolysis? If the hydrogen and oxygen would be split over a large area (say a roof or larger), how would the gasses be collected? It sounds like an interesting result, but not so practical in application...
Um, the "profit!" (along with all the other points) were actions the GP attributed to the FBI agent, not the "exploitable employee" (the guy trying to see his wife/son). Also, the article explicitly says he asked for $3000, and dropped the hint that he'd be happy if his estranged wife turned up dead.
If you are there with a group of friends and you're trying to decide what movie to see after, or describe directions to the bar you're heading to next, why not use your tablet. The dig against geeks social skills is idiotic and shows the writer's lack of social skills.
What's fixed by using salt in your passwords is that the leaked password file can't be compared against a precomputed password dictionary.
Perhaps the manufacturers would choose a different OS entirely, say BSD based, or QNX or something and Android would be much less successful (and therefore interesting).
Damn the failure of my google-fu :-)
If the hardware exists, there's a 'C' compiler for it or an assembler.
I doubt there is a C compiler for this chip, possibly not even an assembler, given that the chip was designed to implement Forth.
http://www.ece.cmu.edu/~koopman/stack_computers/sec4_5.html
Yeah, I remember them from Safeway in SoCal where I lived at the time.
The BBC version of Coupling made me love BBC-TV.
I still think the best product placements were in Repo Man.
I've always wanted to drink a "drink", but I'm not sure about the "food", though I bet his mom was right and it would be better in a bowl...
Even if you drop the laptop, it's unlikely to cause the very very lightweight head being kept away from the platter by a stream of high-speed air to crash into the platter and cause data loss.
I did firmware for F-14s, and _that_ (given it was a govt project) was like watching paint dry.
You don't need spiders, you just need goats...
http://www.physorg.com/news194539934.html