141–146 of 146 posts
Earlier quoted context omitted.
Your solution to fixing the problem is... hoping you have a successful child?
Do you think school is a lottery?
Earlier quoted context omitted.
USDC isn't a inflation hedge. It's pegged to the dollar, after all. Looking at the chart, Bitcoin is worse than an inflation hedge for anyone who bought in 2021 or later. If you're worried about inflation then I-bonds seem like a less risky way to handle this. (Though the limits are too low for many people, and the website is pretty bad.)
RAI isn't really meant to be an inflation hedge but in theory people can create a price index and then index RAI bonds against it which would then allow you to maintain your purchasing power. TIPS and I bonds are in my opinion the way the economy should work everywhere. Yes it means nominal yields can be negative but the entire point of the concept is that the unit of account should be stable and not inflating. Even…
Earlier quoted context omitted.
First, a Eurodollar is a USD that is deposited outside of the US. As such it's interchangeable and indistinguishable from a USD. US banking regulations don't apply to these dollars? Well, of course, because US banking regulation only apply in the banks in the US. Banks that are located outside of the US are subject to whatever regulation is in place in the location that they're at. Does that mean that Eurodollars are…
Because eurodollars have fewer regulations (for good and for bad, such as FDIC reserve requirements) around them, eurodollar deposits can generate higher interest rates than equivalent USD-denominated deposits. Saying a eurodollar is identical to a USD is a stretch as regulatory regimes, and as such risk, are different between them.
Earlier quoted context omitted.
Crypto is very popular among people working in rich countries who send remittances back to their families in other countries. That's a legitimate use, a very popular use, and is obviously what Stripe is going for here.
Isn't that what Western Union is doing, rather well and gobally?
I stopped reading at “in 5 years the majority of workers will be freelancers”. Am I missing something? Seems like an incredibly naive article. The statement I mentioned, for example, either doesn’t know what a freelancer or majority is. Or am I totally in the dark regarding how the world is employed? Basic functions of society around the world will still require traditionally employed people as the majority, yes? Not…
They’re citing this report: “Freelance Forward Economist Report” by Dr. Adam Ozimek for Upwork. https://www.upwork.com/research/freelance-forward-2021
Thanks for the source though, don’t mean to sound annoyed at you but rather the post in general.
Earlier quoted context omitted.
not sure where I proposed a solution but if there is one, I can tell you it will not involve crying out exploitation when someone offers an impoverished person the opportunity to pull themselves up somewhere better in life, just because you think it's unjust for that poverty they live in to exist in the first place but yet also have no working alternative.
Sidestepping your culture war flaming, this is just a race to the bottom. Are we supposed to give employers are free pass to work someone to the bone just because they're poor? Surely we can also acknowledge that, that while it's unfortunate that having a sweatshop job is often better than no job, employers should not treat their employees like shit either.