if its banned content, the 1st does not apply and they can yank it and arrest you. Not saying its "right" but it happens and the courts will uphold it.
We're talking the same courts that said you can't ban drawn pictures of kids having sex, right?
Let's kill all advertising so that you will not be able to find any new products or services and no company could find a client who didn't know the company directly somehow. Wouldn't it be great, not to know about anything people are trying to create for you?
A developer working in Greece will pay taxes in Greece and spend most of his/her income in Greece.
Wrong. No one pays taxes in Greece.
A developer leaving Greece will not pay income tax in Greece and IF he/she sends back any money it is nothing compared to what he/she would earn in Greece
And of course the money going back will be sent in cash or to a foreign account, because no one in their right minds is going to trust a Greek bank.
You know, 70 years from now, they'll be sitting in old folks homes trying to get the codgers off their texting pads and talking to people in the room, for a change, and those old coots will be just as stubborn and self-injurious as old people today.
Jethro(on his pad): Mabel, that damn nurse is trying to get me to look up and speak out loud again. I don't know why, it hurts my neck to raise it, you're deaf as a post anyway, and I know your puss hasn't changed since the last time I saw it, except maybe to get another wrinkle.
Mabel(on her pad): Yeah, I don't know why they can't let us send IMs. But maybe you better make an effort. Didn't you say they threatened to turn off the network if we didn't all talk sometime? I don't know what I'd do without the IM network.
Jethro: Don't worry about that. I had my grandson bring in my old equipment last time he visited. These pads are running on IPv4 over 802.11b on a plug-in router I've got hidden in the closet. No one in the current generation will even know where to look.
Ha ha ha ha ha, sure, you can believe in magic if you like, in this reality though we obey the laws of thermodynamics, especially conservation of energy and momentum. You cannot consume what you did not produce.
Take an empty island, put 1,000,000 people on it and if they do not produce they will not eat. No amount of funny money printed by 'government' will solve that very basic issue of food and energy and shelter and other life necessities (and luxuries) not coming into existence just because you printed some candy wrappers.
Your paper has no relevance to "austerity" policies. It addresses the question of whether economies with large public debt can still significantly grow their GDP; it has nothing to say on whether reducing government employees' bonuses, or increasing retirement ages is economically a good or bad idea.
Even calling the measures Greece has agreed to "austerity" is ridiculous; Greece has an insanely large/expensive bureaucracy. Even with these adjustments, it's still much bigger and more expensive (proportionately) than that of other countries. For example, Australia (where I live) has 150,000 public servants, out of a population of 23 million (0.6%). The US has (according to Wikipedia) around 3 million civil servants out of a population of 310 million (0.1%). Before the cuts, Greece had a public service of 700,000, out of a population of 11 million (6%) - 10 times as many as Australia, proportionately. Even after the cuts, they're down to 500,000 (4.5%). Dropping the size of their bureaucracy to a mere seven times larger than other developed countries is hardly "austere".
The reality is that the USA will never have trouble 'selling' its bonds, because the federal reserve just buys them if nobody else will or it wants to drive down interest rates
- I absolutely agree with you, which is why the bond collapse will happen as the result of the currency crisis, which will result from this inflation.
Essentially the fed, ECB, BoE are saying to savers go and spend your money, stop hoarding it. But savers are not listening so aggregate demand is still broken.
- of-course people don't want to spend on bonds and stocks that is the 'demand' we are talking about, let's be clear about it. People are not buying the bonds and stocks that governments want to see selling.
The reality is that the inflationary policy is destroying the economy and a destroyed economy will collapse in its own right, the currency collapses because of the government spending that the mob wants and the economy collapses due to this gigantic misallocaiton of resources. The currency collapse triggers the bond market collapse, since bonds are currency promised in the future.
Japan is stagnating specifically because it is inflating like the USA but its currency is NOT the so called 'reserve', and so the inflation that Japan is producing stays within its own borders, it's absorbing its own inflation and destroying its own economy.
The USA is using the status of the 'reserve currency' to spread the misery around, spreading inflation is national past time, the biggest USA export is its inflation, which creates inflation everywhere else before taking home back to the USA. This is happening of-course anyway, it's manifesting itself as destruction of the productive sector, gigantic real unemployment, class warfare, bubbles in everything everywhere.
The 0% Fed's interest rate for 7 years put USA economy on the inflationary needle and this drug will not be kicked without a huge collapse first, no junkie kicks his habit before hitting the rock bottom.
The clear best answer for the economy in general is free market and removal of government from money and interest rate manipulation, abolition of the welfare state and restructuring of all debts. Whether saving is worth more than borrowing is a question to the healthy free market, something that USA lost long ago.
Ha ha, what a funny comment.
Money is
1. Store of value.
2. Means of exchange.
3. Unit of account.
I understand that it's way above your head, since you believe money to be CREATED by government, which is absolute, unadulterated, pure 100% nonsense that leads to disasters like Greece, like Zimbabwe, like USSR and hundreds of others.
Government cannot create money any more than government can create anything and it does not create anything of any productive value and it shouldn't.
Money comes into existence when new goods are produce that people are willing to exchange for, in that case money comes into existence through deflation of money supply with regards to the total productive output.
Money comes into existence when people decide what it is that they actually want to exchange in and store value in and what is easy to count, divide, add, subtract, which is why gold is money.
Money does not come into existence by any government magic or by any other form of magic, that is true, the only thing that government 'magic' (or fractional reserve magic for that reason) can do is take value from existing assets and redistribute it by lowering asset values. This trick really only works if the government has a monopoly on that type of asset, which is why government sets up counterfeiting laws that prohibit competition to the counterfeiting operations that government is running whenever it turns on the printing press.
The real USD existed when in fact IT WAS AN IOU, it was a banknote issued by the bank who promised to deliver gold upon receiving the note.
What governments do is not money creating, what governments do is price controls, exchange controls, inflation and theft, but they cannot create money. A government can dilute the value of all money in existence but it cannot create money, it cannot add net value into the system, it can only subtract net value.
An organization that is capable of adding net value into the system runs a profitable business, not a government, which lives on coercion backed by deadly force.
Anyway, I am sure this is either completely above your head and/or completely against your propaganda.
If the Greeks had been smart they would have exited the EU...
There is one little problem with that idea. There is no mechanism to "exit" the EU, just as there is no mechanism to kick a member out. Government tends to be like that (ask the Confederacy).
So what is your point with this? You want to bring back modern slavery? If you get an education paid by the state, you are not allowed to leave the state? Like in Soviet times?
It works in North Korea. OK, that's hyperbole, but someone has to counteract the usual "you mean like Somalia" bullshit every time someone says something remotely libertarian.
This seems to be the biggest stumbling-block... Last standing desks I saw in a store selling office furniture were over $1000. I can't justify that at home, and I doubt that my employer would justify that at work.
I picked up this one on Woot for $300:
http://www.amazon.com/Cool-Liv...
It works reasonably well. It's got a hand crank and cranking it up and down is so tedious that I generally just leave it in the standing position, which is probably a good thing since that encourages me to stand more (though could be a bad thing if I left it in the down position). It's more stable than the $1000 electric desk I have at work, typing doesn't make the monitor move around at all like it does at work.
This 'no' vote self-imposes the spending cut that Greece hates to see but the 'yes' vote also imposes the spending cut. There is no way to avoid a spending cut for Greece.
Austerity is a strange word, it sounds sterile, it has strange connotations. The correct term is spending cuts.
You cut spending if you cannot afford what you are spending on and when you cannot borrow to spend either and in case of chronic offenders the sooner the creditors realize what they are dealing with the healthier for everybody. It's healthier for the spender, who has to come to terms of the impossible situation he is in and it is healthier for the creditor, who will avoid losing even more money. It is healthier for the overall economy not to have welfare State system in the first place, to have people consume based on what they produce and not based on what can be taken from somebody else without any form of repayment.
Real money does not come into being by magic, it is not printed into existence, it is not magically created on a computer. Real money is the result of productive activity, where the word 'productive' really means that something is being produced that others are voluntarily willing to trade for in a way that is sustainable for both, the producer and the consumer.
The world has been playing with fire for the last 100 years with everybody being on fiat, it's been playing with a gigantic fire since the USD became uncontrollably inflationary due to it not being backed by any production (USA has been running half a Trillion USD trade deficit for over a decade now) nor by any money reserves (USD is not backed by gold, Nixon defaulted on the dollar back in 1971, and that's how these problems of inflationary policies and welfare state accelerated).
USA has its own version of what is Greece experiencing right now, that's what 'debt ceiling' is. Many believe that USA can simply print bonds and sell them and get out of jail free, however this only works as long as somebody buys those bonds and the bond market is the biggest bubble of all. USA will have its own currency crisis and bonds are currency promised into the future, so that will also collapse.
As Germany now refuses to just pour money into this bottomless pit called Greece, people will refuse to just pour money into the bottomless pit called USA and that will be even more interesting to observe.
Everybody who tells you 'austerity does not work' are full of it. Austerity means you are not spending money you didn't earn and especially where it concerns consumption rather than investment, and ALL things that people want government to spend on are consumption and not investment, so the important distinction is this: government must be austere, only government austerity can reallocate the scarce resources to people, who will rebuild the economy.
In the long run Greece is better off because of this spending cut, it will learn to live within its means and maybe to produce more and it will have a healthy economy. But like any alcoholic or drug addict apparently it will have to hit the rock bottom before it will reform.
free like it is in the other 95% of the world
You don't even actually understand who pays for things, do you?
Software production is assumed to be a line function, but it is run like a staff function. -- Paul Licker
