Viewing profile — toastermoster

Those who have borrowed money benefit from inflation though. If you have student loans or a mortgage, high inflation can work to effectively reduce how much you owe if salaries/wag…

Wealthy people own assets that keep up with inflation. They may have 10% in cash which doesn’t keep up with inflation but in general most of their holdings either keep up or outper…

This reminds me of my neighbor who had recently retired and began a side business making furniture in his garage. He was just looking to make a little beer money, but his business …

I've always thought this would be best. I recently saw signs instructing people to wait to merge in Duluth MN when I was visiting for work. People weren't abiding by the signs thou…

I remember seeing an article about a long term study of former participants of the show "The Biggest Loser." If I recall, almost all of them had gained the weight back and due to t…

When you say "trapped at the zero bound" are you saying the control output is saturated basically? I'm thinking in terms of feedback control loops. I would agree that the FOMC does…

I'm waiting for an electric Toyota Tacoma. Meanwhile, I drive a Civic. It's not too bad, but it only gets 34.2 mpg (long term average) with 80% highway driving. I may need to revie…

Apparently the president of the SIPC stated that Robinhood didn't contact the SIPC before making their announcement. The SIPC president Stephen Harbeck is on record saying that "SI…

I've been listening to How I Built That with Guy Raz lately too. Also a good podcast. I spend a lot of time in my car so good podcasts help keep my sanity.

I came here to post that same link. It was an interesting Planet Money episode.

I wasn't familiar with Chandra. Just listened to a few songs. I think she sort of has a Siouxsie and the Banshees vibe. Now I want to go listen to Cities in Dust but it's too late …

I agree. A financial guru I've listened to off and on for many years is Clark Howard and he suggests always using a financial advisor that you pay outright with fiduciary responsib…

A few years ago I was watching a movie at my parents' house during a visit over the holidays and I noticed something wasn't right. I kept saying the video motion was strange and ap…

Or in perpetuity it could be about 4% of 1.8B per year. Which is only 360 students per class though (assuming a 4 year scholarship). Maybe that's 360 kids that wouldn't have otherw…

I'm surprised there was no mention about insurance and billing requirements, etc.

Zen and the Art of Motorcycle Maintenance. I'm pretty sure from that point on I started going down the same rabbit hole as the protagonist. The results of that are a bit of a mixed…

I've often wondered how feasible it would be to combine thermal storage with battery storage and solar energy production. During the winter such a system could heat water while pro…

I'm visiting Toronto and nobody here at the bar had heard this yet.

I had heard from a third party vendor on the site that Profibus issues (for communication to drives) was one of the major issues at site. I wonder if that was accurate or still tru…

I can't stand it, I know you planned it... gotta set straight this Watergate.

The wait staff at the restaurants usually don't get tipped on those kinds of orders either. And in most of the US the wait staff are only making $2.13 an hour or something like tha…

Until recently we had a few families in my neighborhood that had kids that played outside just like my brothers and I did as kids. They all recently upgraded their homes and moved …

Your comment made me think of the Our Lady Peace album "Spiritual Machines."

I'm smashed into an airplane right now waiting for boarding to finish. I can't imagine planes being any more cramped than they are now.

I would ditto that for sure. It can work out well for some but in my case it was a bad call. That was probably the worst decision I've ever made. I went to a good state school for …