kyrieeschaton

Do we need scare quotes around "censorship" when reddit is telling them particular names are unmentionable in any context?

Anyone who believes that "master" is some kind of slur and takes the opportunity to take offense over it is not someone you want causing problems in your organization.

Have you heard of "cowboys"?

Not true. There is a reason why people sort products by popularity. This is just a variation.

People interested in this approach should compare Rich Hickey's Datomic.

Diversity substantively means fewer whites and asians. The goal is a 100% diverse school system.

Please add this to the column of "things evil right wing twitter anons were investigating years beforehand", so you can update your estimates of their future credibility.

MMT does not depend on or imply the relation between debt and inflation, it addresses the metaphysics of "government debt" as such. In fact it suggests you should not "inflate away the debt", as if governments were subject to an actual fiscal constraint of spending = taxes + borrowing (the premise MMT rejects).

20% of all dollars were created in 2020. The only thing preventing that from translating into the broader price level is that money velocity collapsed due to the Covid shutdowns. Instead most of that has channeled into financial and property asset prices.

Once velocity increases, as is the plan if you assume 2021 is the year we "recover" from Covid restrictions, the Fed will have a choice between inflation and deflating the money supply (eg by selling a huge portion of their accumulated financial assets). The latter implies a rise in interest rates that harms economic recovery and government borrowing costs, potentially reducing available fiscal stimulus.

I would like to read an analysis of how they plan on veeeery carefully extricating themselves from this situation but as far as I can tell the strategy is to wing it.

Those emails are textbook schizophrenia.

"Securities" is a pretty well understood term.

Mutual funds, the most legible way to get an estimate of the holding cost of securities (since they are required to transact at net asset value) routinely charge between 0.2-1% fees, depending on size and asset class.

Clearinghouses, transfer agents, and cash management firms don't work for free, which is the problem that cryptocurrencies explicitly solve; neither do compliance, KYC, fraud, etc., which most cryptocurrency protocols elide altogether.

BTC trivially avoids, eg, chargebacks. It is effectively the only money transmission mechanism that verifiably does do.

Did you know that vanilla financial securities also require upkeep? Approximately 0.5% of the value of all financial assets is burned every year (and potentially an order of magnitude more, depending on what asset and packaging you're talking about).

What's the energy cost of a financial sector that takes a ~3% cut of all retail transactions, puts up physical bank branches to manage money, empowers a federal reserve to manage the value of currency with more or less competency... Comparing BTC energy costs to some mythical world where we just burn free lunches for heat is not honest.