91–100 of 605 posts
Turns out lockdowns aren’t free, even if you just don’t compensate businesses.
Was "lockdowns are free" a serious position held by a relevant number of people?
Closed borders, no students/backpackers, farmers unprepared to pay minimum wages to Australians is resulting in a lot of produce being plowed back into the ground. I just don't know how this economy keeps rolling. How can farmers meet the payments on their loans? Reading 'The great depression: A diary' and looking at the world today just shocks the hell out of me. We are following it step for step and the crash is go…
fuck you... I came here to escape from disturbing news, focus on tech and building things, now you ruined my day... fuck you
fuck you... I came here to escape from disturbing news, focus on tech and building things, now you ruined my day... fuck you
HN isn’t only for tech and building things.
> On-Topic: Anything that good hackers would find interesting. That includes more than hacking and startups. If you had to reduce it to a sentence, the answer might be: anything that gratifies one's intellectual curiosity.
I’m guessing under normal circumstances you wouldn’t curse at somebody who shared a worrisome story you didn’t want to see.
This pandemic has us all a little feral, doesn’t it?
Earlier quoted context omitted.
Last year we had: 1. Biblical scale locust infestation in much of Africa, and Asia 2. Floods in East Asia 3. Early winter in Russia, Ukraine, and North China 4. Failed, and missed sowing of grains in much of above regions 5. Shipping disruptions, and resulting food spoilage, and waste 6. Granaries busted, and people burning through many months worth of grain, and flour in much of third world due to initial COVID pani…
That aljazeera link doesn't sit right with me. I mean, just look at that first picture. It's a small child sitting in a sandy place with a stainless steel bowl with porridge like food inside. There is no civilization in sight. Maybe some village houses, which represent the bare minimum shelter needed. So now you get to ask yourself, should I feel pity or should I recognize that this child is not living in an environm…
India Is Letting Grain Go To Rot—While Thousands Of Indians Die Of Malnutrition Every Day https://www.businessinsider.com/india-malnutrition-a-story-o...
"thanks to a combination of poor weather, increased demand and virus-mangled global supply chains." Seems like a lost opportunity to create so much anxiety with a long piece like this, to then only have this single line to hint at a reason for the rise. Can anybody more economically minded clarify if this is just post-covid rebound supply chain prices or is this food prices adjusting closer to their 'real' cost? Also…
Sure, almost all central banks over the world have printed an astronomical amount of money. Even though they may state there is no significant inflation, I dont buy it and neither do many other economists. Stock prices, house prices and now, at last, commodity prices have gone through the roof... But you're probably earning about as much as you were a year ago, or less, if your industry was affected... It's not just…
Personally, I'm surprise at how robust are the global supply chains that have been able to keep things more or less normal despise what we have been through the last year.
The quantity of reserves created by the Central Banks are irrelevant if they are not spend in the economy. There are two effects to this "printing money": one is that the interest rate goes down facilitating borrowing from the private sector. The second is that governments have the ammunition to spend in stimulus. If the two things happen we could see inflation, but, notice that this the desired effect: compensate for a fall in the normal demand in the economy.
>" [..] central banks over the world have printed an astronomical amount of money. Even though they may state there is no significant inflation, I dont buy it [..]"
It seems to me that, in your model of the world, this should be leading to hyperinflation. If this is the case, my model of the world is wrong and I will make an effort to change it. I wish all the people has been predicting hyperinflation the last 30 years did the same if it doesn't happen. Somehow, I doubt it.
By now, the quantity theory of money based in the fractional reserve banking model should be discredited.
Turns out lockdowns aren’t free, even if you just don’t compensate businesses.
Was "lockdowns are free" a serious position held by a relevant number of people?
The same was true for Covid at the beginning, no one could quantify how bad it actually would be with wild figures in the 5%+ mortality rate. So we screamed for shutdown.
Problem though is that now it's very much clear that Covid was nowhere near that level of mortality, still bad but not the doomsday scenario. Now we we'll have to see what the cost of maintaining the reaction to the initial Covid doomsday estimation; with lockdowns and short term shoring of the economy through fiat currency production.
Earlier quoted context omitted.
Was "lockdowns are free" a serious position held by a relevant number of people?
I've not heard any British politicians say that lockdowns are free but I have heard the Chancellor say that any borrowing at the moment is cheap due to low interest rates.
Thirty year rates at 1.28%!
Good. Maybe we’ll waste less now.
The most wasteful are the richest though.
Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell where he was in Ankh-Morpork on a foggy night by the feel of the cobbles.
But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.
This was the Captain Samuel Vimes 'Boots' theory of socioeconomic unfairness.”
https://www.goodreads.com/quotes/72745-the-reason-that-the-r... >
So in short: no. Everyone is wasting.