- Money supply management is important for price stability. There's no debt problem in fractional reserve banking. (Exactly because debt is slowly inflated away while real assets keep their value [as their nominal value increases].)
There's a tremendous amount of economic growth. And as long as there are places where we can put in some better technology, a more efficient process or organization, then growth will continue, and the money supply will have to grow, and it's currently done via bank-issued money, because it provides some risk management. (Which is the most important factor of money creation. This is why finance and insurance developed intertwined.)
Energy is one bottleneck, sure, but there's no serious slowdown of growth of electricity generation capacity for example. And GDP growth is decoupling from carbon intensity. (As it should as we started to invest a lot of our economic surplus to do so.)
...
The important thing to remember is that there's a balance between how much money is needed now and how much is issued to be paid back later, and obviously if the growth would be almost zero the interest rate would be almost zero too.
If growth slows down (the fiscal multiplier goes down, there are no more public things to do, no more houses to insulate to get a smaller HVAC bill, no unemployed person to teach skills who would then work) then need for money also goes down, as no one will offer to pay it back with interest, so interest rate will go down, so whatever amount of money we have (as debt) we can keep rolling it over.
And of course the central bank can always exchange debt money to non-debt money. (And every time it wants to increase the interest rate it used to do something similar, it sold assets [US Treasury bonds] which removed debt money from the system. And back in the 90s there was talk about how the US central bank will adapt if the US government starts to run surpluses permanently.)
- Sure, but now there's a deadweight loss by allocation inefficiencies (plus the disemployment effects are strongest at the margin, so now many people are working less than they want to, because they cannot sell more of their work for less, so ie. they have part time jobs).
The "obvious" thing is to subsidize employment (by negative income tax for low-incomes to avoid discontinuities), and sectoral/collective bargaining (to avoid divide-and-conquer information asymmetry), and unemployment payments (to allow for the market to find new "healthy" equilibrium, so people don't have to take the first shitty job).
- It's extremely lazy "writing".
Seems absolutely unnecessary, forced, immeasurably trite, off-puttingly boring, overused, so brazenly cliché that there has to be some kind of counter-intuitive selection going on, like with the email scammers that target those who are not immediately noticing the fraudulent intent.
... or simply our arrogance is showing, after all average minds discuss people, right?
- Still more value than the headline/article!
- Yep, all 4 charges remained in the superseding indictment (filed Aug 27 in 2024 by Smith).
One of the problem is the "the DOJ's policy of not prosecuting sitting Presidents", while it's understandable it's definitely not great for the rule of law.
And the other is it took too many years for the whole shit shower to drip down. (Garland appointed Smith in November of 2022, and it took ~10 months for the indictment.)
- does it offer easy ways for writing the hot-path in Rust? if yes it might be useful even if the non-optimized requests are a bit slower.
- did people ask the supervisors of the foundation what do they think about this?
- multiple things can be true at once.
is that too much money for one person? well, apparently it depends on who do you ask. and even if the board members who approved it might thought it's too much, it still could have been cheaper than to fire the CEO and find a new one and keep Mozilla on track.
CEO compensation is usually a hedge against risks that are seen as even more costly, even if the performance of the CEO is objectively bad.
https://www.ecgi.global/sites/default/files/working_papers/d...
framing Mozilla/Firefox as some kind of bastion is simply silly - especially if it's supplied by the gigantic fortress kingdom of G, and makes more money on dividends and interest than on selling any actual products or services.
it's a ship at sea with a sail that's too big and a rudder that's unfortunately insignificant.
but whatever metaphor we pick it needs to transform into a sustainable ecosystem, be that donation or sales based.
- it's a completely obvious "problem" -- more users are easier to monetize, even if they "simply" go the Wikipedia donations model
many people stated that they are happy to do targeted donations (ie. money earmarked strictly for Firefox development only, and it cannot be used for bullshit outreach programs and other fluff)
and if they figure out the funding for the browser (and other "value streams") then they can put the for-profit opt-in stuff on top
- effort might mean going against the flow, so if you go where the resistance is the smallest that is likely your niche
of course this might need some tweaking, because if someone is really good at pickpocketing maybe some effort would put them on a much better long-term trajectory?
- these companies - if they are so afraid of an OSI approved license - should put certain conditions into their that trigger when they go out of business and the IP gets released
- teacher from daycare so far was pretty much the "best"
- ... maybe? it depends on how it's implemented. (and that depends on the legislative purpose.) the usual equality vs equity thing comes to mind. (negative income tax has probably the most desirable properties for this as far as I know.)
- the whole post/topic has amazing engagement farming potential
the correct response should be the "that's bait" GIF/meme (from the aptly namee Fury Road documentary)
- just a few hours ago we found a pretty nice residential desktop use case for proper v6 (with prefix delegation), due to no need for NAT the old router (2013) became less of a bottleneck!
- that was the cost of additional a11y remediation, likely the direct cost of using a different font/typeface going forward was the time it took for people to read the memo and get used to change the formatting (maybe even set a new default, maybe change templates).
https://daringfireball.net/2025/12/full_text_of_marco_rubio_...
of course simply comparing years without a control we have no way of knowing the effect of the change (well, if we were to look at the previous years at least we could see if this 145K difference was somehow significant or not)
- In practice there are a few strong local unions (NY teachers, ILA (eastern longshoremen)), but in general it doesn't help those who are no employed. (Also when was the last general strike that achieved something ... other than getting general strikes outlawed?)
... also, one pretty practical problem with UBI is that cost of living varies wildly. And if it depends on location then people would register in a high-CoL place and live in a low-CoL place. (Which is what remote work already should be doing, but many companies are resistant to change.)
In theory it makes sense to have easy to administer targeted interventions, because then there's a lot of data (and "touch points" - ie. interaction with the people who actually get some benefit), so it's possible to do proper cost-benefit analyses.
Of course this doesn't work because allocation is over-overpoliticized, people want all kinds of means-testing and other hoops for people to jump through. (Like the classic prove you still have a disability and people with Type I diabetes few years have to get a fucking paper.)
So when it comes to any kind of safety net it should be as automatic as possible, but at least as targeted as negative income tax. UBI might fit depending on one's definition.
- population projections they already predict that prosperity reduces population
and even if AI becomes good enough to replace most humans the economic surplus does not disappear
it's a coordination problem
in many places on Earth social safety nets are pretty robust, and if AI helps to reduce cost of providing basic services then it won't be a problem to expand those safety nets
...
there's already a pretty serious anti-inequality (or at least anti-billionaire) storm brewing, the question is can it motivate the necessary structural changes or just fuels yet another dumb populist movement
- but there's no compounding interest. no dividend based on future cashflows.
holding stocks of a diverse index seems better on the long run, no?
but yes, I also want the juicy details!
so this is the clock
https://en.wikipedia.org/wiki/NIST-F1
or this
https://en.wikipedia.org/wiki/NIST-F2
or there's already F4 too, but it doesn't have a Wikipedia article yet
https://www.nist.gov/news-events/news/2025/04/new-atomic-fou...
but maybe they are talking about the new non-microwave clocks that use Ytterbium-based optical combs ...
or about the Aluminum ion clock
https://www.nist.gov/news-events/news/2025/07/nist-ion-clock...
mind blown