Comment Re:teething (Score 1) 113
Been a while since I've flown a budget airline. On the normal flights I've taken, there's always a few people (usually older people) with paper boarding passes.
Been a while since I've flown a budget airline. On the normal flights I've taken, there's always a few people (usually older people) with paper boarding passes.
I haven't been paying close attention, thus my first question: did they manage to factor an arbitrary number larger than 21?
People were not born voluntarily, once alive we mostly don't die voluntarily. We won't stop voluntarily because it would be akin to dying voluntarily. We have to accept the fact that we are not in fact the Borg, we don't have one hive mind.
No. Economy is movement of value, not of money. That's just speculation.
As little kids in a socialist country, we got fed the following tale:
Heating fuel in a mining town was very expensive. So the protagonist took a cart and a friend, went to the other side of a forest to buy wood cheaply, and with much effort, hauled it home. When asked why he won't haul another load and sell it at home, the guy answered: "I'm a worker not a speculant".
Abstracting from the nonsense of the price difference of wood being so high on two sides of a forest, the commies who produced this piece of propaganda inadvertently produced a nice example why trade is good despite not producing something by itself: the value it creates comes from moving goods to where they're appreciated (ie, needed).
Thus: economy is the movement of value (goods, services) between different owners who value those goods and services differently.
On the other hand, movement of money or similar tokens (eg. a wash trade) isn't valuable by itself.
If inflation is not a tax, then where does the value of newly printed or fractionally lent money come from? Money has no intrinsic value, it's a mere token -- if you add more tokens, the value of every existing token is suddenly lowered.
People not spending money is bad... how? This doesn't slow the economy any, nor does it freeze any value -- all it freezes is some _money_. Any money that's temporarily out of circulation increases the value of any actual assets that are in use.
As for borrowing costs, you got that reversed: if there's inflation, borrowing gives you an advantage by having the real cost decrease as time goes. With deflation, you need to actually pay to borrow.
Yet the world's average inflation goes around 5%, not 1%. Surely, they wouldn't be so incompetent if they meant it?
They don't claim that an inflation of 20% is good, indeed -- but only because with the economy hurting so much even financial institutions can't reliably make money. But, their claim is that any deflation, even of 1% or lower, is worse than a runaway inflation. And that's pure bullshit.
Well... and how, pray tell, the regular folk could make their voices heard? By now 2/3 of those polled who gave a yes/no answer want to Brejoin, yet your three largest parties all swear to keep out.
There's no need for a "backing", what matters is that it's impossible to "print money". Physical metal coins are only one way to do so, and not even the best (as they can be mined, and take up metals that could be put into useful work). Of course, current cryptocurriences are not that good, either -- waste of electricity, waste of disk space (Bitcoin currently needs 700GB to meaningfully participate), transaction costs, etc. Metal coins are merely the most traditional one.
Too bad, those in power (and money = power) have grown too attached to the ability to pull money out of thin air. Debasing of coins was popular for thousands of years, most countries defaulted in early 20th century (Germany 1914, UK 1925, US 1933) then successively removed remaining safety barriers (US went into freefall in 1971). And most of money from nothing is "produced" by banks rather than governments.
We are told that "inflation is good" by economists -- for me, it's nothing but a tax. Asking an economist whose very paycheck comes from inflationary measures is same as asking a christian Bible scholar whether the Bible is trustworthy.
For an additional fee.
THAT, I believe, is the main part of this change. Ryan Air already doesn't even break even on the pure ticket cost. It's the horrendous extra fees that make it profitable.
Perhaps the cost of supporting that option
Which cost, exactly?
We are speaking about paper boarding passes the customers themselves print. The gates read the barcode and don't care if it's on paper or a phone screen.
So which cost, exactly?
"There'll be some teething problems," O'Leary said of the move.
That's putting it mildly.
Smartphones can crash, run out of battery or any number of problems. On important trips I usually have a paper boarding pass with me as a backup. Only needed it once, but I'm just one person with fairly normal travel amounts. Multiplied over the number of people flying Ryan Air, statistically speaking this happens constantly.
Frankly speaking, I think it's a gimmick to milk the customers for more money. Someone at Ryan Air has certainly done the calculation, estimated how many people can't access their boarding pass at the gate for whatever reason, and how much additional money they can make by forcing all these people to pay the additional fee for having it printed.
Yeah, but you see, from marketing perspective what sounds better? The Line or the Dot or the Pimple?
They had these 3 choices, they made the more sensible one even though it has nothing to do with a good or sensible city outline.
Mostly true but not entirely. For the moment at least there are still applications such as airplanes where fossil fuels have no reasonable alternative. But yes, a large number of things that we currently power by burning long-dead dinosaurs could just as well work with other sources of energy.
And yeah, I think the whole world looks at the Middle East and is thinking: If you all so much want to kill each other, why don't we just step back and let you?
the project is looking more and more like a hugely expensive pipe dream that will never come to pass:
Some born with golden spoon in mouth boy is learning the expensive way that no, money can NOT buy everything. The laws of physics don't care how rich you are or how much money you throw at them.
That you don't self-identify as a racist, doesn't mean that you're not one. You insist that members of a certain race should have benefits above others, for no reason relevant to the people concerned.
The sooner all the animals are extinct, the sooner we'll find their money. - Ed Bluestone