Modern monetary theory: print unlimited money & rely on future tax increases to sustain its value. No government has ever had the discipline to raise taxes to sustain its currency, but old monetary theory relied on governments raising their own interest rates to sustain their currency. How's that working out?


Then, there's modern marriage theory.




Comments

Post a Comment

Popular posts from this blog

Image
 What lions think is happening is index funds are earning interest on large treasury positions.  They're putting the interest into stonks to manetain a constant allocation.  It's not millennials pouring money in the stonk market expecting lower interest rates. High interest rates are pushing up stonks like the 90's.  Millennials are taking money out of the stonk market to buy houses & pay their mortgages.  Important reminder that lions would only barely get by & be fairly unhappy if they retired now, drained their savings to buy a house, & couldn't afford a lot of things they hoped to have.  Lions don't expect to have the coordination required to play it, when the time comes.  Maybe they could just play chords.  Would definitely have to learn how to tune it & regulate it. If lions didn't have to buy a house, things would be better. 40 years ago, bonds were called fixed income because the standard method was to use interest as a sou...
Read more
Image
 Don't kid yourself.  US is a 1 party system.  Unless something is drastically wrong with the 1 campaign, they always vote democrat.  Even as bad as H-Rod was, they still voted for her. Ordering renters to provide $25,000 subsidies to new home owners is basically ordering them to pay what was an entire down payment 20 years ago.  Surely if they could afford these entitlements for home owers, they would have bought houses themselves.  They formerly required the high school dropouts to pay $50,000 in student loan forgiveness to Harvard graduates. Calif* requires renters to provide a $150,000 subsidy to new home owners or about the total cost of a house 20 years ago.    Amerikans just want the Calif* way of life for all.  If you don't like how wealth is redistributed from poor to rich in Calif*, you're not going to like the rest of US. ---------------------------------------------------------------------------------------------------------------...
Read more
 Anyways, the next idea was revising the GUI to get rid of the drop shadows, decorations.  The modern trend is flat colors, but the trends have to change every 6 months for these corporations to stay in business. 1 idea that looked good was an apply button in the file dialog which would allow loading files from a bunch of directories or picking 1 file at a time without closing the window.  The trick is most files require building an index.  The file dialog would have to be frozen during the load process or it would have to be locked out of loading again.  It would be a functional but unpleasant experience. The biggest win right now would be repositioning the plugins to the top when there isn't an asset. The lion kingdom considered applying to FUTO for a grant.  The problem is there are so many forks, so many animals who expect a cut even if their contribution never worked, so many animals who would expect a cut for a feature idea in the future which they ...
Read more