I try to discourage people from using the internet. I work in infosec.
Readit Newskodyo commented on Ask HN: How do I keep my elderly father safe on the internet? · Posted by u/sickcodebruh
Appeasing dictators is not a winning move. Trump sucking Putin's dick dry did not work after all. (Well it did wonders for old Vladimir.)
And Ukrainians want to (and wanted to) fight. It's not like US psyops campaigns made them. Since 2014 they spent a lot of resources on fortifications, training, arms manufacture, etc.
OK, fed.
kodyo commented on For the first time, the Fed is losing money wsj.com/articles/for-the-... · Posted by u/lxm
Debt creation also gives value to the dollar. In 2020, which was an odd year which highlights the point, deficit spending came near to revenue from taxes.
In the future as the workforce shrinks and liabilities increase I imagine deficit spending will regularly exceed tax revenues.
"Debt creation also gives value to the dollar"
Only because enough people believe that's true, and then only because there are aircraft carriers that convince people in other countries that it's in their best interest to use them.
Dollars are not worth anything.
kodyo commented on For the first time, the Fed is losing money wsj.com/articles/for-the-... · Posted by u/lxm
The economy only works if you have a slightly inflationary, stable, highly liquid method of conducting transactions.
Yes the govt has created a moral hazard where they can always just create more money to solve a problem, but inserting a ponzi scheme does not fix that
Inflation is value confiscation. It's a tax. It reduces the burden of the greatest debtor (government) at the expense of everybody who holds dollars and produces value.
What do I get out of it?
kodyo commented on For the first time, the Fed is losing money wsj.com/articles/for-the-... · Posted by u/lxm
People are not against government spending because they are misguided, or because they are extrapolating a "wrong" intuition. They are against it because as you said, the response are supposed to be cyclical, and at this point it is looking like a straight line. When was the last "spend less" behavior of the cycle?
Or are you claiming that the US has been in the situation of "risky economic situation (economic depression, loss of jobs etc)" for the past 15 years?
The US has been in a risky economic situation since it went off the gold standard. Possibly since it created the Federal Reserve Act.
Slow-moving train wrecks are still train wrecks.
kodyo commented on Rising seas will cut off many properties before they’re flooded arstechnica.com/science/2... · Posted by u/AiaAidan
Perhaps that's how you deal with those you see as authorities, but it violates the site guidelines:
> When disagreeing, please reply to the argument instead of calling names.
OK: I believe authoritarians should be laughed at early and often. If anybody happens construe the people I mistakenly described as authoritarians as fucking authoritarian, please mock the motherfuckers.
kodyo commented on Rising seas will cut off many properties before they’re flooded arstechnica.com/science/2... · Posted by u/AiaAidan
> says building bridges and moving dirt around causes inequity
Infrastructure is one of the most expensive things people interact with on a regular basis. Choices in how we build infrastructure redirects society's resources on a massive scale. So yes, I do think it's plausible that huge investments in water-resistant infrastructure and wasteful attempts to build Dubai-style island suburbs will redirect resources away from more important issues, like the pressing need in the US to fix existing bridges and roads, build 1.5 million more houses, earthquake-proof the infrastructure in the pacific northwest, and figure out how to get 4800 GW more on the electrical grid cleanly.
I agree with you. More power. More houses. More roads. More bridges. More freedom to build it all.
But back to the story at hand: a few motivated people can shore up Old Town Road. All they need is an economic reason to do it.
kodyo commented on Rising seas will cut off many properties before they’re flooded arstechnica.com/science/2... · Posted by u/AiaAidan
Name calling doesn't strengthen your argument.
I'm not trying to convince anybody. Humiliation and mockery are how you deal with authoritarians.
kodyo commented on Rising seas will cut off many properties before they’re flooded arstechnica.com/science/2... · Posted by u/AiaAidan
Did you even bother to read the article? They are saying that these impacts will be felt as soon as 2030.
Yep. Been reading variations of the same article for decades. Captain Planet up there says building bridges and moving dirt around causes inequity, though, so I guess we have to live with it.
Identify people you trust on a subject, filter their claims through your own ideas about what is reasonable, and hope for the best.
You might still get it wrong. Such is life.