Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.
Not when house buyers were being told they could sell their house next year to pay off their zero-down 110% mortgage at a profit. The Fed is not to blame for the predatory lending practices of the giant corporate banks.
While it is true that there is no provision for an EU central bank to issue new currency, every bank creates currency by issuing debt. Thus, the EU is not zero sum.
Please stop comparing governments to households. It's misleading. Governments are far closer to businesses than they are to households. The rest of your post was spot on.
A household runs a deficit to fulfill personal needs and wants. Businesses and governments run a deficit to finance future production. In a recession, governments have the critical role of countering deflation by either taking on debt or creating central-bank money. Deflation is horrible for an economy because it discourages investment. Greece and the other EU countries naively signed away their ability to create central-bank money when they joined the EU, and thus are left only with taking on debt.
Yes, they can. The absolute level of public debt is not what matters. The debt/GDP ratio is what matters. If raising the public debt 1% raises GDP 5%, then it is in the countries best interest to raise the public debt 1%, and roll over that debt indefinitely.
One can't have an national debt rising infinitely.
As long as GDP is rising faster, yes one can.
One can say what one wants of Germany, but at least they got their budget in order, and they don't structurally spend more then they get, not is their national debt getting out of control. If every country followed that - or had followed that, like Greece - things would look a lot better.
Governments are not households. Macroeconomics is not microeconomics. It is more important for governments to minimize unemployment (with productive jobs, not breaking windows and then fixing them) than it is for them to pay down public debt.
He's not saying they should. He's saying they're screwed either way, because without Government stimulus the GDP will continue to tank until there is no more private debt. The EU governments signed away their economic sovereignty just to simplify inter-country trade. Only the largest entities with controlling majority votes will benefit.
Sovereign governments are not households. Macroeconomics is not microeconomics. Having a growing GDP matters more than the level of public debt. If you sacrifice the former to reign in the latter (austerity), you're doing it wrong. Our entire capitalist economy is financed by debt. Without growing debt, currency deflates (unless the central bank creates more), which discourages investment, which reduces GDP. Empirically, Debt/GDP rises when austerity is implemented, simply because GDP falls faster than Debt.
If 25% of the population is unemployed, the worst thing you can do is balance the Government's budget. You need to get people working and investing.
Sovereign governments are not households. Macroeconomics is not microeconomics. Having a growing GDP matters more than the level of public debt. If you sacrifice the former to reign in the latter (austerity), you're doing it wrong. Our entire capitalist economy is financed by debt. Without growing debt, currency deflates (unless the central bank creates more), which discourages investment, which reduces GDP. Empirically, Debt/GDP rises when austerity is implemented, simply because GDP falls faster than Debt.
How does the absolute value of the currency matter? I don't understand this assertion. I completely agree that Greece would be far better off with the ability to control their own currency (all EU countries would be). But I've never understood why exchange rates matter from a macroeconomic perspective.
That's a pretty distorted reading of Atlas Shrugged. The entire theme was anti-cronyism. Not sure how you got pro-oligarchy out of it. Ayn Rand certainly had a naive understanding of macroeconomics, but in my opinion, her critique of cronyism, both capitalist and government, was spot on.
My understanding is that they are working directly with NVIDIA to get VR-specific extensions. If you're really interested, check out this blog post for a primer.
C and C++ have evolved a ton over the years, and vendor-specific extensions are common (though less so now than in the beginning).
Rust doesn't need to unseat C/C++, nor should that be its goal (and I don't think it is). It is simply a tool that you can choose to use or choose not to use. Once the remaining bugs are fleshed out, there's a good chance it will be valuable for projects requiring exceptional security.
Note that it also interoperates fairly easily with C/C++, so you can implement some parts of a project in C/C++ and other parts in Rust.
Re:Make better language, not better coders.
on
Rust 1.0 Released
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· Score: 1
"Assemblers are an insult to those of us that know what we're doing." "High level languages like Fortran and C are an insult to those of us that know what we're doing." "High level scripting languages like Bash are an insult to those of us that know what we're doing." "High level languages Java are an insult to those of us that know what we're doing."
Pretty much all space solar cells are based on GaAs due to their higher efficiency. The rate of dopant diffusion at operating temperatures should be negligible. Most likely the electrical contacts would fail well before the cell itself; however, radiation damage might win out, and degrade the efficiency to effectively zero. This NASA report shows that efficiency approaches zero after exposure to 1 MeV electrons at a dose of ~1e17 cm^-2. I don't know what the exposure rate would be at L1/L2, but if you can find that, you should be able to estimate the lifetime due to radiation damage.
Or you could use a single private key to cryptographically sign your username concatenated with the site's host name, resulting in a site-specific, secure password. No need to store hundreds of passwords, just the usernames (which could be duplicated) and a single private key.
I'm sure there are password managers out there that do this.
(Disclaimer: IANACryptographer --- there may be something braindead about this scheme)
I am not a climatologist, but it seems that even if the GP is correct, and 1950 ppm of CO2 results in only 3 C heating over modern times, the loss of the polar ice caps (which is likely for such a temperature rise) would significantly destabilize the climate (phase changes dampen temperature swings), possibly resulting far more extreme storms. Again, I am not a climatologist, so this is pure conjecture, but the loss of our coastlines to constant hurricanes and tropical storms would be extremely expensive, if nothing else.
Perhaps we shouldn't scoff at efforts to internalize the external costs associated with fossil fuels (or fission, for that matter). If external costs were internalized, then market dynamics would eventually solve our energy problems, at least as best as they can be solved.
Every time you pay for dinner at a restaurant with your credit card, you're giving your waiter everything they need to steal your identity, especially if they ask to see your ID before serving you alcohol. Credit cards were designed in the pre-internet era. It blows my mind that we haven't moved on to something more secure.
It will always look artificial until they move to a true variable-focus retinal display. Note that there are other companies (e.g. Magic Leap) that are working on retinal displays.
Slashdot Mirror
Without the Fed holding down the interest rates by inflating the currency, rising rates would have limited the pyramiding of debt on debt.
Not when house buyers were being told they could sell their house next year to pay off their zero-down 110% mortgage at a profit. The Fed is not to blame for the predatory lending practices of the giant corporate banks.
The slow and steady rise in Fed-held US treasury securities prior to the crisis was a drop in the bucket compared to the amount of mortgage-backed securities they had to take on to stabilize the housing market.
Unless of course reducing the budget by 1% reduces GDP by 2%. Then it's actually impossible, because the budget is financed by taxes.
Governments are not households.
Do you understand that the Euro is zero sum?
While it is true that there is no provision for an EU central bank to issue new currency, every bank creates currency by issuing debt. Thus, the EU is not zero sum.
Please stop comparing governments to households. It's misleading. Governments are far closer to businesses than they are to households. The rest of your post was spot on.
A household runs a deficit to fulfill personal needs and wants. Businesses and governments run a deficit to finance future production. In a recession, governments have the critical role of countering deflation by either taking on debt or creating central-bank money. Deflation is horrible for an economy because it discourages investment. Greece and the other EU countries naively signed away their ability to create central-bank money when they joined the EU, and thus are left only with taking on debt.
No nation can roll their debt over indefinitely.
Yes, they can. The absolute level of public debt is not what matters. The debt/GDP ratio is what matters. If raising the public debt 1% raises GDP 5%, then it is in the countries best interest to raise the public debt 1%, and roll over that debt indefinitely.
One can't have an national debt rising infinitely.
As long as GDP is rising faster, yes one can.
One can say what one wants of Germany, but at least they got their budget in order, and they don't structurally spend more then they get, not is their national debt getting out of control. If every country followed that - or had followed that, like Greece - things would look a lot better.
Governments are not households. Macroeconomics is not microeconomics. It is more important for governments to minimize unemployment (with productive jobs, not breaking windows and then fixing them) than it is for them to pay down public debt.
He's not saying they should. He's saying they're screwed either way, because without Government stimulus the GDP will continue to tank until there is no more private debt. The EU governments signed away their economic sovereignty just to simplify inter-country trade. Only the largest entities with controlling majority votes will benefit.
Repeating what I said above:
Sovereign governments are not households. Macroeconomics is not microeconomics. Having a growing GDP matters more than the level of public debt. If you sacrifice the former to reign in the latter (austerity), you're doing it wrong. Our entire capitalist economy is financed by debt. Without growing debt, currency deflates (unless the central bank creates more), which discourages investment, which reduces GDP. Empirically, Debt/GDP rises when austerity is implemented, simply because GDP falls faster than Debt.
If 25% of the population is unemployed, the worst thing you can do is balance the Government's budget. You need to get people working and investing.
Sovereign governments are not households. Macroeconomics is not microeconomics. Having a growing GDP matters more than the level of public debt. If you sacrifice the former to reign in the latter (austerity), you're doing it wrong. Our entire capitalist economy is financed by debt. Without growing debt, currency deflates (unless the central bank creates more), which discourages investment, which reduces GDP. Empirically, Debt/GDP rises when austerity is implemented, simply because GDP falls faster than Debt.
If you think it's bad now, wait for the next shock. Private leverage is so high right now that any significant downturn will trigger a crash.
How does the absolute value of the currency matter? I don't understand this assertion. I completely agree that Greece would be far better off with the ability to control their own currency (all EU countries would be). But I've never understood why exchange rates matter from a macroeconomic perspective.
In an ideal democracy, the minority is not silenced by the majority. In a real democracy it is. The filibuster brings us closer to the former.
That's a pretty distorted reading of Atlas Shrugged. The entire theme was anti-cronyism. Not sure how you got pro-oligarchy out of it. Ayn Rand certainly had a naive understanding of macroeconomics, but in my opinion, her critique of cronyism, both capitalist and government, was spot on.
What you're asking requires completely redesigning GPU pipelines. If VR catches on it will happen eventually, but it's a long way away.
My understanding is that they are working directly with NVIDIA to get VR-specific extensions. If you're really interested, check out this blog post for a primer.
It has a command line UI. If you mean GUI, I'm not sure why you would need a reference implementation of a GUI for a programming language.
C and C++ have evolved a ton over the years, and vendor-specific extensions are common (though less so now than in the beginning).
Rust doesn't need to unseat C/C++, nor should that be its goal (and I don't think it is). It is simply a tool that you can choose to use or choose not to use. Once the remaining bugs are fleshed out, there's a good chance it will be valuable for projects requiring exceptional security.
Note that it also interoperates fairly easily with C/C++, so you can implement some parts of a project in C/C++ and other parts in Rust.
"Assemblers are an insult to those of us that know what we're doing."
"High level languages like Fortran and C are an insult to those of us that know what we're doing."
"High level scripting languages like Bash are an insult to those of us that know what we're doing."
"High level languages Java are an insult to those of us that know what we're doing."
Not to mention he would likely have to be in solitary confinement or get killed by inmates.
That is likely due to the lack of a sensing circuit. If you turn off the voltage when there's no item to charge, corrosion should be greatly supposed.
Pretty much all space solar cells are based on GaAs due to their higher efficiency. The rate of dopant diffusion at operating temperatures should be negligible. Most likely the electrical contacts would fail well before the cell itself; however, radiation damage might win out, and degrade the efficiency to effectively zero. This NASA report shows that efficiency approaches zero after exposure to 1 MeV electrons at a dose of ~1e17 cm^-2. I don't know what the exposure rate would be at L1/L2, but if you can find that, you should be able to estimate the lifetime due to radiation damage.
Or you could use a single private key to cryptographically sign your username concatenated with the site's host name, resulting in a site-specific, secure password. No need to store hundreds of passwords, just the usernames (which could be duplicated) and a single private key.
I'm sure there are password managers out there that do this.
(Disclaimer: IANACryptographer --- there may be something braindead about this scheme)
I am not a climatologist, but it seems that even if the GP is correct, and 1950 ppm of CO2 results in only 3 C heating over modern times, the loss of the polar ice caps (which is likely for such a temperature rise) would significantly destabilize the climate (phase changes dampen temperature swings), possibly resulting far more extreme storms. Again, I am not a climatologist, so this is pure conjecture, but the loss of our coastlines to constant hurricanes and tropical storms would be extremely expensive, if nothing else.
Perhaps we shouldn't scoff at efforts to internalize the external costs associated with fossil fuels (or fission, for that matter). If external costs were internalized, then market dynamics would eventually solve our energy problems, at least as best as they can be solved.
Every time you pay for dinner at a restaurant with your credit card, you're giving your waiter everything they need to steal your identity, especially if they ask to see your ID before serving you alcohol. Credit cards were designed in the pre-internet era. It blows my mind that we haven't moved on to something more secure.
If only that were true...
It will always look artificial until they move to a true variable-focus retinal display. Note that there are other companies (e.g. Magic Leap) that are working on retinal displays.