fennecfoxen

if anyone is watching I got annoyed at transient downvotes on this and i'm tired of getting annoyed at websites so i'm burning 12395 internet points and locking myself out of my account and throwing away the password

i would have you explain your sentence because it describes the concept of "reporting" as making an inference and i am no longer clear about how to interpret the words structurally

i tentatively take it to mean that you did the inference, and it's punishment by the university, but i am not sure, because the mechanism by which the university affects paypal is unclear

In principle, fiscal policy (taxing, spending) can substitute with monetary policy to some extent, and achieve many of the same goals, yes! But you'd be hard-pressed to find an economist who describes either recent or proposed fiscal policies of the Biden administration as something that's great at being remarkably anti-inflationary. Student loan forgiveness, for instance — some may say it's a worthy policy, but it's definitely freeing up money to be used on other things, and that's something that increases price pressures. I'm not sure it's on the table.

There's other disadvantages in that the impact of fiscal policy is usually somewhat on the slow side, leaving a risk that your fiscal tightening hits as you enter the recession or your fiscal stimulus hits as the economy is already booming after the recession. So it's not quite that simple. Take the case of the Inflation Reduction Act, for instance; it purports to reduce inflation by "making a historic down payment on the deficit". Let's take this at face value just to limit any possibility for argument: maybe that'll help!!! but ... if you look closely, this is actually kind of spread out over the next ten years, while we have real inflation now. Does it have an impact? Maybe. Does it have an impact today? Probably not as strong as one would like.

Eh, there's not necessarily anything illegal about your streaming platform showing video of illegal activities.

Network firewall virtualization certainly could be built on top of a new microkernel in Rust, such as this one, and it may gain some benefits in correctness — but looking at its site, the datacenter networking space doesn't really seem to be part of Redox's core ambitions.

Perhaps you're thinking of NAFTA?

> By that logic US persons can't use Ethereum at all.

Entirely possible.

> There's too much American money invested in Ethereum for any government agency to even seriously consider the idea of destroying it like this.

I think you underestimate!!

No. No it doesn't.

People are great. Each person has intrinsic dignity and worth. Economic studies on safety and medicine spending and the like show us the demonstrated value of the lived experience of a single person is worth millions. All else being equal — a major caveat, of course — more people is better.

Imagine walking up to an arbitrary random person and saying “the world would be better off if you don’t exist.” Or better, imagine someone doing that to you. Not out of malice, not because you’re a bad person, not because you waste resources, just out of the premise that fewer people is a better thing intrinsically. That’d be a load of crap, right? Quod eras demonstrandum.

I do like that in this piece they call that out specifically and highlight the magnitude of what it would take to really move the needle on that (spending a double-digit percentage of GDP to actually compensate these women for their opportunity costs).

Okay, you've convinced me. Now how about the month after that?

We've had many years of 0% rates and 2%ish inflation. A return to that status quo ante isn't exactly crushingly tight monetary policy. But perhaps inflation will fall before we hit 8%.

Yeah, this isn't just a one-time transient price spike that happened months ago. August fuel prices fell a lot (10.6%), a gift! — but core inflation erased all that progress, with a 0.1% month-to-month rise in the CPI overall. Food's up 0.8% in a month. Rent was up 0.7%. Cars were up 0.8%.

We probably can't rely on fuel prices falling 10% again next month.

… do you have the definition of “real” and “nominal” backwards?

Real wages are down. Specifically: prices are up 8.26%, and the raise was more like 5.5% ish. People can afford less rent. People can afford less food. People can afford less fuel. People can afford fewer goods. People can afford fewer services. People can afford less of everything. This is what “poorer” looks like.

(And remember, that isn’t 2.6% less discretionary income, that’s a total-income figure.)

Right now, in the Year of our Lord 2022, the BLS says wages are down 2.8% year over year. Maybe some people can negotiate a raise to meet inflation, but society overall just isn’t there right now. It is getting poorer.

Not officially. In practice, it might as well have been. Likewise East Germany.