Comment Re:The Nature of Central Banks (Score 1) 359
However, it is mathematically impossible to pay back the principal + interest from a pool of money containing only the principal.
Not if the original pool grows. Which it does.
However, it is mathematically impossible to pay back the principal + interest from a pool of money containing only the principal.
Not if the original pool grows. Which it does.
That is not one of the two options.
"So would you rather be tortured horribly to death over four days or five days?"
"I'll just pass on the torture and death altogether thanks".
"Oh, ok, I hadn't thought of that".
Suits you for trying to make an economic agreement with people you KNOW are scum.
Hey, don't be so hard on the Germans.
The greek financial crisis was brought on by a neoliberal government
Please do explain how a party that calls itself "Pan Hellenic Socialist Movement" which was in power in Greece for 9 of the past 14 legislative periods can possibly be labelled "neoliberal". Socialist parties can be called many things. Most definitely not neoliberal.
You can call your party whatever you want, it's what you actually do that matters. The government went along with the neoliberal austerity measures imposed by external creditors, which is why they lost to the anti-austerity left wing givernment at the last elections.
The solution, as always, is to get rid of democracy.
Thanks, Adolf!
Isn't the idea to develop a propulsion system that allows for interstellar travel before that happens?
Unless someone works out a way of travelling faster than the speed of light, interstellar travel will never happen.
Taxi companies can and do sidestep or ignore those regulations.
And by doing so, break the law, leading themselves open to fines and other punishments.
Despite the supposed criminal background checks, some cab drivers do rape, assault, and rob their customers
Despite background checks, some teachers and scout masters do rape children. Does that mean we should just not bother and let anyone off the street be in charge of children?
If the state doesn't have a monopoly on violence the most violent in the state will come to control it, at which point there will be a new state with a monopoly on violence.
All the fun-loving libertarians out there should look at Iraq and Syria. Their governments have lost their monopoly on violence, and allowed ISIL/daesh to prosper.
I haven't used Uber and the last time I rode in a taxi was years ago so I have no dog in this fight.
This probably applies to most people but to judge by the hyped up Uber shills here, everyone pretty much uses taxis a couple of times a day, and so the savings are impressive.
I have a six figure job and I've given it serious thought for the weekends.
You're either a liar or the most idiotic Uber shill I've come across so far on slashdot. Or, of course, both.
What we're witnessing here is not State Vs Anarchy Round One. What we're witnessing is quite simply State Regulation vs Corporate Regulation.
Most Uber supporters here seem to believe it's more like the former. Of course, instead of "anarchy" they use phrases like "the unregulated free market".
In fact, what they really want is "Corporate Regulation" as you call it, which is basically one law for those with control of the wealth (corporations) and another for everyone else.
Capital efficiency is about spending resources in the most effective manner possible generating the maximum benefit. We have a finite amount of resources (manpower, money, raw materials) so you want maximize the benefit generated with them. Any time you unnecessarily support a business that is not using capital efficiently you are by definition wasting money, brains and materials. Doing so to protect a potentially obsolete business model is particularly stupid.
The assertion that "the free market" or "the Invisible Hand" magically produces this maximum benefit just as long as you remove all government interference is simply magical thinking on behalf of libertarians and ultra right wing economists.
A rising tide floats all boats
Reagonomics 101.
what I'm trying to say, uber is better. open your mind to the future, cuz it's not going anywhere.
You're either a paid Uber shill, or, more worryingly, some sort of Uber fanboy.
I'm really looking forward to a future when Uber has a monopoly of the personal transportation system.
For God's sake, stop researching for a while and begin to think!
