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Comment: Re: Great Recession part II? (Score 1) 660

by jcr (#49772685) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

The Fed is not to blame for the predatory lending practices of the giant corporate banks

The Fed is definitely to blame for providing the banks with an unlimited amount of fiat money to lend. If the banks were limited to lending out their deposits, the interest rates would provide a natural limiting effect.


Comment: Re: Great Recession part II? (Score 1) 660

by jcr (#49772681) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

Unlike you, I actually understand the economy

As conceited as you are ignorant. How tragic.

if you had at least two brain cells ...and bereft of a logical argument, naturally you resort to being snotty.

The Fed has caused a series of bubbles by fucking with interest rates. Latin American debt, the dot-com bubble, and the most recent real-estate bubble are just three in a series going back to the Fed's inception.

When they interfere with interest rates, they break the crucial information flow. When there's an endless supply of fiat currency, the market signal of the scarcity of capital is destroyed. Read and learn.


Comment: Re:And I'm the feminist deity (Score 3, Interesting) 304

software dev pays well, but compare the pay to those of the fields you compared it to. All of them make significantly more than software devs do. Friend of mine, his wife is a dentist, she's pulling in nearly 300k a year

Yes, dentists are well paid - eventually - but they start earning late, a few years after a software dev, they have a much larger school debt to pay off, and just like a software dev, the early years don't pay so well.

You can't just look at peak earning power, but at lifetime earnings at a given age, and it takes a long, long time for a dentist or doctor to pull ahead. BTW, you can certainly make $300k as a software dev at a big company - that's common for tech track paygrades equivalent to a second-level manager at the big names. Of course, there are far fewer such positions than there are dentists in America, and for someone capable of both I'd recommend dentistry, but the gap isn't as big as you might think.

Comment: Re:And I'm the feminist deity (Score 4, Interesting) 304

The problem with this is that companies don't really pay that well for the labour, skills, experience, talent and education necessary to succeed in IT.

"IT" is a crap career no one should enter. Answering calls on the helpdesk? No thanks - well, better than starving, but so are a lot of things. But we were talking about software development

Why would girls want to sit in front of a computer for hours on end, sometimes, even evenings and work also on weekends in order to launch etc.?

Check out the hours lawyers work, or the oncall duties as a surgeon (or a vet - but dentists, that's the job!). It's not the hours that's the problem, it's the lack of dignity of the profession. When the field was doubling every few years, that meant most software developers were in their 20s, and management could get away with treating all of us like college students. My work environment is more like a dorm room or college lab than a professional office environment - that's what we need to push back against.

As far as pay, after your first 5 or so years in the field, jobs that pay well are there for the taking, though you may need to move to where the work is. If you're past your apprenticeship in the field and you're not making at least 1.5x the national median income, you're likely at a bottom-tier employer: shop around. While we may top out lower than the doctors and lawyers, they don't hit peak earning potential until later in life - a doctor or dentist is typically in his 40s before lifetime earnings net of school costs put him ahead of a plumber or other skilled tradesman.

Personally, I think many women are put off by the limited social interaction involved in the job, or at least that's my theory for why so many female software developers choose career advancement into management or product management over the dev tech track.

Comment: Re:Who cares if it kills companies? (Score 1) 96

by lgw (#49770951) Attached to: Tech Bubble? What Tech Bubble?

The best thing they can do is forgo significant earnings because they have to be more timid in the 10-15 years leading up to retirement. If they didn't have to fear massive bubble collapses, your average investor could likely earn an extra 30% on their retirement accounts.

OK, but that's been true for 400 years, and isn't actually a barrier to retirement. You've IMO correctly understood the rules of the game, and under those rules anyone can retire on his own wealth, needing only to invest enough of his after-tax pay every year. I've been living on half my after-tax pay for 15 years now, and in another 5 or so I'll have the option to retire (though continuing to work would certainly improve that standard of living). You don't need to be nearly so frugal as "half" if you have 30 years instead of 20.

Comment: Re:Soverign debt (Score 0) 660

by udachny (#49770845) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

Wrong, you are a joke, I am being 100% serious about everything I say on the issue of economics and individual freedoms. Your ideology leads to the outcomes that you are supposedly horrified of, the reality is that you should be inspecting your own judgement and motivation and be horrified with yourself once you realise that your own ideology causes the massive suffering as the end result. Your ideology is ideology of destruction of individual freedoms which inexorably leads to destruction of the economy and thus society and then the people who you pretend to care about suffer the most. The solution is of-course actual individual freedoms, but it goes against your idiotic notion of social justice that negates individual freedom both as general concept and as specific implementation.

Comment: Obvious solution (Score 2, Interesting) 64

Everyone just needs to pool their phones and then everyone use a random phone for the day. Sort of a TOR operating at the physical level. An app that made encrypted VoIP calls could probably allow you to even use the same phone number by just logging in through the random phone of the day.

"If you want to eat hippopatomus, you've got to pay the freight." -- attributed to an IBM guy, about why IBM software uses so much memory