Viewing profile — yyy888sss

Level 9 (or 0): Turn off the computer and go to sleep.

We actually do need something like this, or at least the right to develop land. Right now in Australia we have tyranny of the majority, because the 30% of home owners + 30% of mort…

They should try catching up to their European neighbours first: https://media.licdn.com/dms/image/D4D22AQFfh_jg66bW1A/feedsh...

Pioneer? Nearly every home in the US already uses heat-pumps: https://ourworldindata.org/grapher/technology-adoption-by-ho... In cold climates many people still use gas heating bec…

Price of gold in 1989: ~2000 yen/g Price of gold in 2024: 9,800 yen/g

Inflation is a monetary phenomenon. Prices are rising in Australia because the Central Bank created $450billion out of thin air during the pandemic [1]. The bank has persistently k…

Heres what happened: The Bank of England (BoE) suppressed interest rates for 2 decades, driving government bonds from 6% to 2%. Pension funds typically had a high percentage of bon…

It could of course be the AvroCar [1]. Although in this case they are referring to 'UFOs', there have been multiple experimental aircraft that look exactly like flying saucers. [1]…

Youtube premium is the best value video subscription there is and its a win-win: You can a clean ad-free experience and both Youtube and the video creator get more revenue.

Modern desalination plants produce at less than $1 per cubic meter, thats $0.001 per litre...

Yep, innovation means prices understate the true level of inflation. Eg: If technology reduces costs by 5% and the CPI measures 2%, then the real rate of inflation is at least 7%.

Defining inflation as rising prices is the newer, MORE narrow definition as measurements such as CPI are capturing the downstream effects of a fundamental cause (creating money).

Very true, as construction is not just new builds but also renovation and maintenance. Even a theoretical city with completely stable population still needs to keep its structures …

Inflation is the expansion of the money supply (eg by money printing). A long term rise in prices (houses, stocks, CPI) is the consequence of inflation, just as a rising water leve…

In reality of course central plannners 'pulling levers' and setting prices never works. The interest rate is one of the most important prices of them all, which is why having the g…

Inflation is an expansion in the money supply, such as new discoveries of gold or or printing paper money or creating credit. A baker would say he will 'raise' or 'lower' the price…

But the 'neo' refers to the resurgence of basic ideas of freedom, not a big change in philosophy over the original liberal ideas.

Freedom to do whatever you want as long as it does not infringe the rights/freedoms of anyone else.

Liberalism means freedom in all spheres (including economically and socially), no need to add the neo- prefix. When you have freedom in a global economy there will be massive incom…

For $1.5 Billion, why don't they just build 1000 luxury 5 bedroom mansions? If they had the land area, they could even build 5000 individual detached homes for that budget. They co…

In my town most of the upper income people live outside the city in houses with rainwater collection, septic tanks and increasingly no electric grid connection either (thanks to so…

Strongly agree. Recently an important religious leader in my town died, and the police stated it was accident though they had clear evidence it was suicide because they knew it wou…