jussij

That falling on the face is irrelevant, as it's just a byproduct of some pre-determined programming that is not learned. Surely if this was a learned experience the deer after failing on its face would quickly learn it's best to not try and stand up. Why am I standing when I just keep hitting my face into the ground? The reality is the drive programmed into the brain is to stand up at all costs, even if that means landing flat on your face once in a while.

Yet without any external inputs, the deer will eventually learn to walk by itself, suggesting some kind of internal hardwiring.

> trying to dethrone the U.S. dollar or replacing it in the global system with the renminbi

Obviously, this will never happen. The reason the USD is so popular is because it is a stable and fungible currency. Those are the exact opposite characteristics of the renminbi.

China adopts a 'closed' capital market system, meaning companies and individuals are not free to move money in or out of the country, except in accordance with strict rules set down by the Chinese government.

The Chinese government has even imposed daily withdrawal limits on its citizens and their bank accounts.

Why would anyone opt to replace a fluid currency like the USD with one that is tightly controlled by a government?

> At current rates it will pay itself off in 9 years

One thing to consider, over that period of time, electricity tariffs will most likely go up, meaning that R.O.I. will end up being less than 9 years.

In 1983 Turbo Pascal sold for about $50.00 meaning some 40 years later that price would be equivalent to about $250.00 given an inflation figure at about 3.5% per annum. By comparison, a very expensive IBM PC shipped with a free version of Microsoft BASIC burnt into the ROM.

And why do Australians think governments should build power distribution systems? Why can't we leave that up to private enterprise?

And why do Australians think governments should fund the building and upkeep of federal highways? Why can't we leave that up to private enterprise?

Surely the best option is to make sure every public road is a toll road. That Liberal Party approach to road building has worked great in NSW.

Toll Holdings is now one of the most profitable companies in the world, thanks to a Liberal NSW government turning every major NSW 'public' road into a Toll Holding toll road.

That's how good government works, making sure the public pay tooth and nail for a 'public' road as that helps out the donors and the shareholders.

In 2023, Australian full battery electric vehicles made up 7.2 per cent of all new vehicles sold, compared with 3.1 per cent in 2022. That is despite a decade of EV denial by one particular side of Australia government, meaning EV re-charging infrastructure in Australia is still decades behind the rest of the developed world.

Back in 1856 Eunice Newton Foote, created an experiment showing CO2 traps heat from sunlight, by putting jars containing varying degrees of CO2 in direct sunlight.

What she wrote in her paper describing that experiment was the heat rise happing in the jars fill with CO2 could also happen to our planet.

“An atmosphere of that gas,” she noted, “would give to our earth a high temperature”.

So, the science describing this phenomenon is nothing new. When it comes to the science, there is no longer any doubt.

Back then BRIEF was also an amazing development environment. Now it was not so much an IDE and more of a programming editor, but it was still amazingly good for software development.

Firstly, while total debt might have quadrupled, in that time the size of the economy has also grown, and that means the debt has become easier to finance. Debt sits at about 130% of GDP, and was about 68% of GDP back in 2008, meaning when measured against the size of the economy it has not yet doubled. Also, by comparison debt to GDP hit 116% in 1946 and managed to return to 31% of GDP in 1974, showing that given the political will, the USA has no trouble paying down its debts.

High debt with high growth is still much better than high debt with low growth. And Trump record on handling debt issue is no better than Biden. Trump added $USD 7.8 trillion to the debt during his term in office, whereas Biden's has added about $USD 5.4 trillion. Like Trump, a big chunk of Biden's debt was COVID relief.

What you're describing is a fairly universal phenomena found in many developed economics around the world. Over the last decade or more many countries have seen a hollowing out of their middle class, with stagnant wages growth and rapidly rising house prices. However, I find it hard to believe the majority of the US population are currently experiencing recession like living conditions, only because the latest US quarterly GDP came in at a whopping 5.2% That GDP figure shows the vast majority of the US population has money to spend, and they are happy to spend it.

The predictions of a 'soft landing' being required have turned out to be false, as the USA economy has shown remarkable strength. Compared to the rest of the world the USA economy is booming, with high GDP growth, high employment and low inflation. And with inflation falling, the Fed now has room to start cutting rates. In an environment of falling interest rates with a strong economy it seems highly unlikely the USA will into fall into recession next year, as that would require something of an economic catastrophe.