Recent submissions

Comment · 4 years ago
You are correct, some know what they are talking about. But there are also many people who think that being a smart person in one field makes them a smart person in every field. It is disrespectful, it implies that they think their field is easier than yours and it must not be that hard to figure out. It is also very easy to spot.

I did not mean to imply that everyone is one-dimensional, I personally have professional experience in the finance and software industries and have respect for the people in them. But when some finance expert suddenly becomes an opinionated epidemiologist I call bullshit (a random example that has happened far too often the past few years).

Comment · 4 years ago
Reading HN comments about the stock market is like listening to a bunch of MBAs talk about software engineering.
Comment · 4 years ago
An issue with using fiscal policy this way is that many of the things that are worth spending money on aren't easily movable levers, they are long term projects.

If inflation is accelerating and we need to cut spending to fix things it may be difficult or inefficient to cut the budget of a 10 year infrastructure project. If we need to spend more one year, do we just flood the healthcare system or military with money temporarily?

Changing tax policy frequently creates uncertainty for people investing in long term projects, which increases risk and cost associated with funding them.

I like that there is an academic debate going on about MMT, but there are practical challenges in implementing it. While far from perfect, the current monetary policy approach is easier to implement and change, while outsourcing capital allocation decisions to the banking system.

Comment · 4 years ago
These are good questions to be asking, and they are all theoretical possibilities. Some people see this as an opportunity for improvement, others find it deeply concerning. Central banks do not necessarily need to abide by the old definition of money.
Comment · 4 years ago
Columbus metro area is roughly the same size as Cleveland metro area so I don't think that is the reason.

However, it could still have a talent advantage. Having OSU nearby is helpful, and maybe it is easier to attract talent to move to a city with a big university.

Comment · 4 years ago
You make some fair points about money and mistrust but the parent's argument is not unfair. You mention that you "became a Swede" by adopting Sweden's values. America doesn't have one unified set of values due to being so big. Sweden is smaller than Ohio by population. Ohioans generally share some values, but they are quite different than people in Massachusetts or Mississippi. America is closer to the EU's scale, and the EU has plenty of idealogical differences between member states. Do the Greeks trust that the Germans are looking out for their best interests?
Comment · 5 years ago
Comment · 5 years ago
This is interesting timing given what has been happening related to Evergrande. It is possible that the government is worried about money being moved out of the country, and cryptocurrency is one way of doing that.
Comment · 5 years ago
Important to note that that is the weight before cooking, a frozen patty will lose a lot of water weight in the cooking process, so what you end up getting is not a full 6oz.
Comment · 5 years ago
Afghanistan and Korea are vastly different scenarios, perhaps the main difference is the situation the US put themselves in rather than a change of core values.
Comment · 5 years ago
Could you elaborate on how the US data is manipulated or why it is lower quality than Israel's?
Comment · 5 years ago
Maybe they should. But I can't help but comment that you're abusing statistics here. Smaller population countries like Canada and Australia pollute more per capita than the US. Also, the carbon tariff should ideally be applied on an activity-specific basis, not at the national level.
Comment · 5 years ago
That may be true, but your quote is from 1947.
Comment · 5 years ago
Being stuck working at Google or Facebook is a bit different than being stuck in a concentration camp from the perspective of consent don't you think?

I'm not belittling the discussion that our society must have about what can or can't be mandated by an employer. However, I doubt the above quote was created in the context of high paying tech jobs, they were focused on the forced experimentation that occurred in WW2.

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