Viewing profile — damptowel

I much prefer unhurried cultures, the west takes itself way too seriously.

A certain EU country exports it’s supposed tax revenue to Greece so they can use 90% of it to pay their multinational banks. They have to do it in a currency they don’t own and is …

Weimar :)

Private sector debt is at the highest level in recorded history. This is why the post 2008 recovery was so sluggish, since on average every unit of currency circulated has to pay f…

> You're drawing a false equivalence. A dollar (or a gold bar) does not represent a specific amount of goods or services that any specific counterparty is bound to deliver. So in g…

The government should just run deficits for financing projects and use tax for redistribution and inflation control, like it does today. The issue today is excessive private sector…

That’s only true of external debt. I.e. debts owed to other currency areas. Government debt is just the number of funds from the currency originator (central bank) to it’s distribu…

Inflation is not a tax... Inflation also reduces the value of old debt in relation to current income.

Government debt isn’t “debt” in the classical sense. Let me suggest an analogy: a bank lends you a loan at intrest, but no expiry date. You can pay back the loan at any point in th…

Well, we can always eat the immigrants!

You mean if I don't have the freedom to decide I don't like freedom, your goons will punch some freedom into me? Sound very un-free to me. Reminds me I still have my unread copy of…

Sounds like feudalist Europe ;)

I would love to see some research touching upon the finer points of this, I've always assumed child mortality was the leading factor. The education thing I think might be some caus…

Haha, i love that analogy, you should build some predator-prey model out of that.

I feel like personal responsibility is one of those things that work nice on paper, but that requires forethought, correct information, good education, processing power. Then there…

Humans are still hardwired for the state of nature where high caloric foods are a scarcity, evolution has not caught up yet. It is very silly and unrealistic to suggest that raisin…

This is a commonly held belief, but it's wrong, the dominant economic models in use today are neither rigorous (internally inconsistent, extremely poor empirical verification, majo…

* Grow a beard * Exploring vegetarian recipes * Get to a 100 push ups * Learn Racket * Learn to weld and make some furniture * Sit less

And it's called a hypothesis for a very good reason.

Rational markets fly in the face of complexity theory. I would very much like to see the evidence.

I dont't get how people can choose possible local disaster (nuclear) over certain global disaster (co2 emmiting power generation). Not to mention deaths from air polution. I'm all …

For the uninitiated, I found this a good introduction http://www.phyast.pitt.edu/~blc/book/ (It seems to have a pro nuclear bias, the author claims neutrality)

502 Bad Gateway (chuckles)

Never fall into the mindset that a partner is a requirement for personal fulfilment, that will just make you feel anxious while dating and miserable when it doesn't work out. Rathe…

If there's a big influx in the supply of money bit it only flows into one sector of the economy then the average inflation might be higher, but won't necessarily mean a constant ri…