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Comment Re:Why would they fund it in the first place? (Score 2) 329

Actually, ordinary loans from banks are exactly the same as loans from the Fed. When an ordinary commercial bank makes a loan, they are also effectively printing money digitally. By definition, with a reserve ratio of less than 100% and outstanding loans more than the total assets on reserve, money must have been created to make those loans. In short, "borrowing" from a commercial bank (loan, credit card, line of credit) is also not "real borrowing". Take a look at http://www.positivemoney.org/ for one explanation of why that is the case (yes, that is a UK based site, but the central bank system is the same in the UK). There are plenty of others out there.

Comment Re:Why would they fund it in the first place? (Score 1) 329

Today it is perfectly legal to mint a $16 trillion coin, deposit it at the federal reserve, and use that to buy back all of our debt. That would cause massive amounts of inflation not seen since the days of the Weimar Republic, but it would not be bankruptcy.

That is not actually correct. Inflation is controlled by the money actually in circulation, however it came to be. Borrowing money under the "fractional reserve" system adds money to circulation for the duration of the loan. A certain amount of money needs to be in circulation to maintain liquidity and avoid deflation. Any more than that steady state, whether from borrowing or printing money, leads to inflation. Simply printing money to pay off existing debt does not increase the amount of money in circulation and, thus, has no impact on inflation. That assumes it will be used to pay off existing debt, of course, rather than making room to borrow even more.

It is a common misconception that just printing money at all leads to inflation. Printing too much leads to inflation. But so does borrowing too much.

Comment Re:"essentially useless" (Score 1) 44

Can't say I've had the distinction of driving in Boston. But I have driven in various areas in over 20 US states and 10 Canadian provinces and territories. The traffic lights are "red yellow green" (left to right) or "red yellow green" top to bottom. For other configurations (turn arrows and such), there are nearly universally consistent variations.

Of course, what's really fun is trying to figure out the lights at 6+ way intersections.

Comment Re:"essentially useless" (Score 4, Informative) 44

Just pointing out that green is not the problem for me (red/green colour blind) because the green traffic lights have a markedly different lightness. Green traffic lights look white to me and red ones don't. Rather, I can't tell the red and amber lights apart because the lightness of red and amber is too close. But don't let that confuse you too much. You have noticed that the lights are always in the same order, right? Guess why.

Comment Typewriters are the right answer (Score 1) 325

Limited supply or not, manual typewriters are the right answer for several reasons:

1. From the submission, it seems that everything else that is not in limited supply is too expensive in either cash terms or electricity usage.
2. High technology devices are more likely to fail, and if they fail, are much more difficult (or impossible) to fix.
3. Even if the limited electricity supply goes away, a manual typewriter still works.
4. A decently constructed manual typewriter will outlast any electronic device.

Comment Re:Imagine a world run by librarians... (Score 1) 454

Imagine a world run by librarians...all information is free and uncensored but we all have to speak in whisper voices and women have to wear their hair in buns and sensible shoes and tearing pages out of library books would punishable by a year in jail.

Women would have to wear their hair in sensible shoes? That would be interesting to see.

Comment Re:Run your own NTP if it matters (Score 1) 290

The problem here is that there are two different words. "flame" and "inflame". "inflame" is not using the "in-" prefix. You can add "-able" to either one, with the usual meaning. That then gives "flammable" and "inflammable". You can then theoretically add "in-" meaning "not" to "flammable" which gives "inflammable". This is clearly an absurd situation since you now have two conflicting meanings which usually cannot be separated in context. (For the record, "inflame" does not have strictly the same meaning as "flame".)

In my part of the world, "inflammable" is generally thought to mean "not burnable" but there is enough confusion that it is better to avoid using the word altogether.

Comment Re:Receivers transmit (Score 1) 290

Those vans only find the "leakage" in local proximity. They can't, for instance, identify which house has a set if it were pointed at London from, say, Paris. And even if the *low power* GPS receiver circut is transmitting something receivable, it would only be retransmitting the signal already coming from the satellite, not the location information which never enters the radio circuitry.

Comment Re:Why even? (Score 1) 110

You do realize that it is conceivable that the last two combatants could kill each other or the survivor might not live long enough to issue a verdict? And odd or even, if you have to fight until there is only one left standing, you have the same potential problem.

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