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Comment Re:Your videos defending the meat industry (Score 1) 131

Pandas choose vegetarianism, despite having the digestive system of carnivores.

Grandin's work is like getting the Ku Klux Klan to tell their lynch victims they're going to be in a one-legged race so they'll be compliant to tying them up before the lynching. She's fully sold out to the meat industry. I'm just curious what her price was?

Comment Re:Why don't other animals have "social justice"? (Score 1) 131

Here's an observation: give cows and chickens a choice of whether to go to the slaughterhouse or not. Let them see where they're going and hear the cries of the animals slaughtered before them. If they choose to continue to slaughter, then you can eat them. If any of them bolt and try to get away, you can't eat them.

Comment Your videos defending the meat industry (Score 1) 131

I've watched a video you made defending the cattle ranching industry and the process by which cows are slaughtered. How much is the meat industry paying you, and how can I be sure you're telling the truth?

Do you think cows would choose to be slaughtered if given a preference test? Why do you think it is right for humans to eat animals?

Comment There is something wrong (Score 1) 327

There is something wrong with an economy that prioritizes advertising over production. There is so much production capacity that advertising has to absorb excess profits to capture market share from a shrinking group of consumers with enough disposable income. Instead, create money and transfer it to individuals in the form of a Basic income. Stimulate innovation with challenges. Put the basic income financing on the Fed's balance sheet, so there is zero cost to taxpayers. Index all incomes to inflation, with the Fed providing the adjustments, so purchasing power remains constant.

Comment Re:Man-in-the-street translation (Score 1) 273

Solution: unconditional basic income. Then companies can reduce wages and hours to whatever they like; but individuals have a guaranteed minimum decent standard of living. Companies benefit by reducing costs; individuals benefit from an increase in the General Welfare, and the ability to work if and when they want, doing what they choose. Why would inflation occur? Congress should direct the Fed to finance a basic income, at zero cost to taxpayers.

Comment Re: So why do we see so much censorship? (Score 1) 49

I have a classic view. Even with "All comments" selected, hidden comments are reduced to a subject line. I have scores hidden precisely because I want to read all comments without being influenced by their scores. But slashdot won't let me see everything raw and uncut. I know a comment has been downvoted because all I see is the subject line. I have to click on the post and load a new page to see the comment body. Such actions take me away from the flow of the comments.

Slashdot should stop lying to me. When I select "All comments", I should see all comments equally. When I select "hide ratings", I should not still know when a comment has been downvoted.

User Journal

Journal Journal: Sunny

Thursday, July 9, 2015

The first time I saw Sunny, she popped out of Tracie's purse and looked at me with supreme confidence. Her feathers were slightly fluffed from being carried in the purse that morning after Tracie had picked her up from her previous home.

Comment Re:A long time coming... (Score 0) 364

I question this logic that creating money devalues the currency. In the US the Fed created at least $3 trillion, likely many more trillions because of off-balance-sheet operations. Yet the US dollar is stronger than ever, especially against the Euro which has pursued tight money policies.

In conclusion, the quantity theory of money has serious empirical problems.

Comment Re: Good for greece (Score 3, Insightful) 1307

You should. The Federal Reserve Act specifically mentions loans to individuals. I think it was the Populists who got that put in; William Jennings Bryant wanted a Federal Reserve Bank at every crossroads, lending to ordinary people. That can easily be incorporated into the Federal Reserve's operations.

My proposal: have the Fed fund a basic income at zero cost to taxpayers. The Fed could structure it under Section 13 (13) of the Federal Reserve Act, as loans to individuals with negative interest. Thus, people would be paid to borrow. Give everyone who wants it, a basic income of $20,000 per year.

Indexation of all incomes to price rises eliminates any potential inflation tax. If incomes rise in lockstep with prices, your debit card can keep track of your money in units of purchasing power, which will not decrease.

The point about the Fed's unlimited swap lines is that they worked to keep their targets afloat. Now the Fed should apply that power of creating unlimited liquidity to improve individuals' lives, instead of only helping corporations.

Comment Re: Good for greece (Score 1, Insightful) 1307

Why did the Fed bail out the ECB and Deutsche Bank and other Euro banks when they were in over their heads in the 2008 crash? The Fed opened up unlimited swap lines with those banks and others in Europe. Why? Why not let Germany collapse because of a liquidity crisis?

Why didn't the US let Germany fend for itself after World War II, instead of creating the Marshall Plan (at a time of high inflation in the US)? Why did the US give away 85% of the Marshall Plan funds, instead of requiring repayment?

Why is there no production capacity shortage to keep Greek pensioners at a decent standard of living? The only scarcity is an imposition of liquidity. There is no physical scarcity preventing Greeks from living full, happy lives. There is an artificial scarcity of money.

The ECB should create more money and give it to Greece, as the US gave money to Europe after World War II with the Marshall Plan.

Failing that, the world's most powerful financial institution, the Fed, should open up an unlimited swap line with Greece, buying as many drachmas as the Greeks want to sell.

It is stupid that economics requires people to suffer when there is no physical scarcity.

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