Are you kidding? If people were diciplined enough to wait to buy things there would be zero consumer debt. There is a multi-trillion dollar industry based on people not wanting to wait until they can afford things.

The difference is voluntary and force.

This is also how large stores give a 5% discount using their own cards. They don't have to pay the fees.

There are much easier solutions that already exist like credit card companies. My Amex has buyer protection. If a vendor screws me over (which happens from time to time) I call Amex up and the investigate and refund the charges. The cost is what they charge to the merchants. So both the merchant and I are voluntarily paying a fee. The merchant gets a larger customer base by taking Amex and I get buyer protection.

The only people that benefit from the current system are the crooks. The whole system exists to unload the cost of doing business with shady companies to the tax payers.

Normal deflation isn't a big deal. The computer industry has operated under price deflation since day 1. My first computer was an Apple II GS. That thing was over $2k in the early 90's.

Also the whole industrial revolution occurred under deflation.

Now I assume you are talking about deflation right now. Yes after years of easy money a tightening will cause a bad depression. But that is the cute not the disease.

Nope. Booms work when the Fed floods Wall St with cash. It has to go somewhere? It ends when the realization hits and the 40:1 leveraged accounts go bust.

Then it's time for the tax payers to bail them out and start over.

Or people would actually do some research into a person they are about to sign a deal with. As it stands now people really don't bother because if the deal falls through they can use other peoples money (taxes) to hire goons (police) to make the other person pay.

Let's say you get three bids for a contract. You go with the low bidder because you always can go to court to get them to adhere to the contract. If you actually took the risk yourself you would either have to go through a third party (like e-bay or credit card companies that have buyer protection) or actually take the risk yourself. Either way is superior in my opinion.

Thanks. Now I just need to get motivated enough to do this in 3D for random points on a sphere.

Great check! I found my error. My G calculation was pulled from a chart where the distance was measured in km (not meters). Here is the new code. This shows it takes about 19 minutes to reach the center and you miss by 310 km.

[t,y]=ode23(@orbit_ode,[0 90*60],[6500e3 0 0 2*pi/(24*3600)]);

polar(y(:,3),y(:,1))

min(y(:,1))

function dx=orbit_ode(t,x);
        dx=zeros(4,1);%This is a pre-initialization.

        %x(1) = r position
        %x(2) = r velocity
        %x(3) = theta position
        %x(4) = theta velocity

        dx(1)= x(2); %Velocity
        dx(2)= x(1)*x(4)^2-(.0037e-3*x(1)-3.35e-13*x(1)^2);
        dx(3)= x(4);
        dx(4)= (-2*x(2)*x(4))/x(1);

end

http://imgur.com/WHsoenC

This is relative to a fixed observer outside of earth.
If you subtract out the earth rotation you get this.

http://imgur.com/nMN2Hd7

Contracts should exist similar to loans or buying things on ebay. There is risk to both parties making the contract and you can only go by the reputation of the party you are dealing with.

By having governments enforce contracts you just externalize the costs of dealing with dishonorable people.

If these employees signed a contract with A123 and broke it the only thing A123 should be able to do is make those contracts public and try to hurt the reputation of those employees.

OK I created the following Matlab code: The G term was a polynomial best fit to the gravity as a function of depth. The initial angular velocity is at the equator.

[t,y]=ode45(@orbit_ode,[0 200],[6500 0 0 2*pi/(24*3600)]);

polar(y(:,3),y(:,1))

function dx=orbit_ode(t,x);

        dx=zeros(4,1);
        %x(1) = r position
        %x(2) = r velocity
        %x(3) = theta position
        %x(4) = theta velocity

        dx(1)= x(2); %Velocity
        dx(2)= x(1)*x(4)^2-(.0037*x(1)-3e-7*x(1)^2);
        dx(3)= x(4);
        dx(4)= (-2*x(2)*x(4))/x(1);

end

The plot isn't very impressive. It looks like a line straight through the center. The min radius is 114m so basically over 6500m drop the center moves about 114 m.

You could but it isn't a simple shape since the earths gravity changes as a function of radius in a pretty non-linear way.

http://en.wikipedia.org/wiki/S...

Because that is what it really is. Intellectual Monopoly is not compatible with property rights. You either own your property and are free to transform it and sell it or you don't own it. Someone saying I can't configure my property is only possible with a government granted monopoly and has no basis in property rights.

The movie studios were all in California because that was as far as they could get from Edison and his patent on motion pictures which he used to censor movies he didn't like. So Hollywood was founded on breaking Intellectual Monopoly.

The problem is that at least in recent history (last couple thousand years) people care more about if their IDEAS are passed on. This is why there is so much propaganda from all sides. Who cares about genetics when you can get control of kids for 12 years of their lives. It's pretty easy to override any genetics.

Yielding is a statistical process. If the layers are actually isolated then I guess you could have failure in one layer that doesn't propagate to the next. Similar to first ply failure with composites. Theoretically perfect metals are much stronger than what we can make because of these failures. So maybe that is what they are claiming? By producing metal this way you will have less flaws and those that exist will only fail locally and not cause failure across the specimen?