Viewing profile — Suncho

> It can't be just a number on a computer in a bank, right? It's two numbers in computers. It's a number in the computer of the bank that issued the money, and it's a corresponding…

> How does the system guarantee that nobody's creating money without notifying everyone? This is a comment that's not related to SWIFT in particular. Every asset (including money) …

> each register's carry bits are independent from the ones that get carries added from the last register No they're not. Let's say B's non-carry bits are all 1. If you carry anythi…

> Could it be that there was sexual reproduction first and asexual reproduction came later? Unlikely. You can't mate with copies of yourself unless there are already multiple copie…

> You're confusing the Fed's ability to monetize assets with the Treasury's ability to spend money on whatever it wants. They're related. There's both fiscal stimulus and monetary …

What matters isn't the size of the Fed's balance sheet or what it contains. The Fed's balance sheet is "invisible" to the private-sector economy. This expansion of their balance sh…

Done.

Wow. Blast from the past. Greenspun's company ArsDigita used to run free web development boot camps. I did one of the boot camps back in 2000. It was the first time I'd ever heard …