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Comment Re:Rather Than in more out (Score 4, Insightful) 484

Custom OS is not about what is in it but all about what is left out. Custom OS for appliances that only has in it what is actually necessary for that appliance

Your mouth to Microsoft and Apple's ears. I want an OS that does nothing but run my programs and stay out of my way. I can get my own browser thanks.

If y'all could just get Linux to run current AAA games, and some professional music & audio software, I'd never spend another nickel with Microsoft or Apple.

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.

Comment and here we have the real reason (Score 3, Insightful) 1307

Greece is getting thrown under the bus, "austerity". Aka lower living standards for the working class. It's already " live within your means " with you people. The Greeks weren't living the high life. A bunch of Rick asshats were passing bad debt around during the housing boom and Greece got caught holding the bag. If a big country like Germany had done it no harm no foul. It was too much for Greece though. And the powers that be are gonna use this to steal a bunch of old v folks pensions.

Comment Re:Citizen of Belgium here (Score 1) 1307

Even if the money was printed and then given to the IMF, the moment the money was printed, the value it has came from devaluing all of the other money in circulation.

This is only true in an economy that's already working at 100% capacity. That hasn't been the case for a long time now. In the current situation of idling economy some actor getting more money will likely simply activate idle production capacity, which will actually increase the size of the market and the value of existing money.

Of course, the whole idea that supply exceeding demand can cause a crisis speaks for the absurdity of the entire economic system. It might be best to focus efforts on coming up with its replacement.

Comment Re:Citizen of Belgium here (Score 1) 1307

But if he keeps asking for more I'll get pissed and stop giving.

I guess this explains why we still have beggars, even in countries that struggle to get rid of all their excess food: making people's survival depend on your goodwill gives you a way to keep them in their place.

And that about sums up EU as well.

Comment Re: Good for greece (Score 2) 1307

The eurocrats are of course thugs, but limiting how much they'll shake down the rest of their subject citizens to subsidize Greece is not a great example of their thuggishness.

However, putting fiscal policy based on ideology and dreams of building a new gold standard over the wellbeing of people is. And will likely be the death of the entire EU at this rate.

Comment Re:Citizen of Belgium here (Score 1) 1307

there are also those screaming "racist" at everything even when it isnt and it seems to have been this way for the past 10 years now here.

I can't imagine why anyone would see racism in today's USA.

http://www.salon.com/2015/06/3...

http://www.reuters.com/article...

http://www.washingtonpost.com/...

http://newsfeed.time.com/2012/...

https://www.breitbartunmasked....

Comment Re:Austerity fails again (Score 4, Informative) 1307

You'll need to do some googling, I can't teach a full econ class here. But the TL;DR version is that every country that tried austerity has recovered more slowly than every country that didn't. That and the entire justification for austerity was in that one spreadsheet that turned out to have a glaring error.

Comment A big opportunity for the rest of Europe! (Score 5, Insightful) 1307

All EU citizens should demand a referendum asking if the taxpayers should pay this 'debt' created by derivatives and fraudulent market trading, or tell the bankers to write it off, suck it up, and never again be allowed to put depositor funds at risk on this commodities shell game ever again. And I have no trouble using some form of asset forfeiture against them to recover some of the stolen funds.

Comment Re:Austerity fails again (Score 1) 1307

But few have been demonstrated to be an artifact of a spreadsheet error like austerity and then shown to be a failure in practice as well as in theory.

If you are a contractor and have a bad month, selling off the tools of your trade isn't a good way to recover.

Comment Re:Citizen of Belgium here (Score -1, Flamebait) 1307

There is no production capacity shortage forcing scarcity on Greece. There is no physical scarcity. The scarcity is of liquidity, imposed by policy decision. Austerity economics is creating scarcity where none need exist. Austerity in Greece is not a physical necessity but an ideological creation of obsolete, feudal economic theory. Banks should lend freely to Greece as the Fed gave freely to AIG so it could buy T-bills at 3% and keep restructuring or rolling over the 0% loans.

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