Recent submissions

Comment · 1 month ago
Nope. Government debt has existed for a long time in the US. There is no plan to pay it off ever. Headlines will scream that the debt is too high for a long time to come.

Government debt yields on the short end are set by the Fed. Long yields are "set by the market" based on inflation fears, and mostly guessing what the Fed will set rates to over the next 10+ years.

Japan had way higher Debt-to-GDP for decades, yet the long term yields were low. Why? The central bank said "we anticipate yields to be set low for a long time" and did so for a long time. Recently they said they are going to "respond to inflation" like all other central banks and suprise, surprise the long end is creeping up. "Bond vigilantes" came into existence as soon as the central bank changed their policy.

Comment · 1 year ago
I just put everything in one file. Over 15 years worth of transactions in a single ledger file ordered by date.
Comment · 1 year ago
if you want file names matching a pattern, no need for grep:

find . -name '*.py' -iname '*pattern*'

for filenames that have content matching pattern, no need for find:

grep -r --include '*.py' -l -i pattern .

no need for pipes, xargs, etc.

Comment · 2 years ago
Easy, relax the requirements, and find work that isn't physically demanding. I'm sure there are a few "paper pushers" at the DoD.
Comment · 2 years ago
A person with a gun shooting stuff isn't the only part of defense spending. I'm not sure if this is the point you were even making.
Comment · 2 years ago
1. Federal min wage would be a good place to start.

2. Uh, the same as now? Just because you work for the government doesn't mean you earn min eage. I'm pretty sure Generals make more than $15k per year.

3. People that have jobs spend money in the economy to buy things. Private sector economy benefits from this.

4. You would have to do tasks to get paid. It's a job if you want it. Not forced. The idea is to curb unemployment.

Comment · 2 years ago
US Defense spending is a US employment program. I really wish we would drop the pretense and just make it a full employment jobs program. Anyone that wants to work should be able to get a job.

The private sector can then get employees by paying above the minimum wage offered by the defense department job program.

Comment · 2 years ago
I'm not talking about the economy failing. I'm talking prices. What do you think happens to asset prices when there are only sellers (everyone with wealth has to sell). You think poor people will have enough cash to keep prices up?

When Elon sold in his latest Tesla round the stock tanked 30% over a couple months. Repeat for Bezos, Gates, etc.

Comment · 2 years ago
Imagine step 2 to realize the insanity. That household likely doesn't have disposable income that is greater than 25% of their unrealized cap gains, so what do they do?

1. Hope they can get a low interest loan to pay their taxes?

Or

2. Sell some assets. Think about what will happen to your 401k balance as wealthy people all over the US are forced to sell stocks. It will not be pretty.

Comment · 2 years ago
If you don't switch between window managers is there any point in having a DM?

Why not just login and run "sway" or "startx"

Comment · 2 years ago
I think it has more to do with OnlyFans.
Comment · 2 years ago
Comment · 2 years ago
This is correct. Interest payments go into bank accounts. Some of that money gets spent into the economy, some stays and gets reinvested into more treasuries.

There's a reason real GDP growth is higher than it's usually been, money is being injected into the economy via interest payments.

Comment · 2 years ago
I said real wage growth.

You likely thought I said nominal wage growth.

Or maybe you learned something new today.

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