Slashdot is powered by your submissions, so send in your scoop


Forgot your password?

Comment Incompetent management dissipates wealth. (Score 1) 155

Yeah, I'm going to come right out and say it: Playboy has been on a fairly steady decline ever since Hef let his daughter start running the joint. They not only failed to gain a significant place in the online world, they also failed to deal with the wave of competition they had from the likes of Perfect 10 back in the 1980s.

If you look at any of their videos from the last 15 years or so, you'll want to slap their directors and cameramen and tell them to quit it with the artsy shit and actually hold a shot that shows bare breasts for more than five seconds at a time.

I wouldn't hire a man to run a women's magazine, and it's just as asinine to let a woman run a men's magazine.


Comment Re: Weep for humanity. (Score 1) 355

One thing that is constant in most economies is that the majority of people are borrowers.

This has not always been the case, and borrowing has been enormously increased by the practice of letting central banks conjure money out of thin air. There was a time when businesses routinely saved their own money to finance capital improvements instead of borrowing and paying interest.


Comment Re: Weep for humanity. (Score 1, Interesting) 355

If everybody knows there will be deflation then they know that if they hold on to their money it will be worth more in future.

That's what Krugman claims, but it's bullshit now, and it was bullshit when Keynes first decided to try to convince people that they were better off being robbed by central bankers diluting their money.

Here's the example that disproves the claim: Everyone knows that when it comes to electronics, next year's model is going to be better/faster/more bang for the buck than this years' model, but the electronics industry isn't starving to death because of everyone sitting on the sidelines and refusing to buy devices because they'll get more for their money in the future.

Inflation benefits governments and other profligate borrowers. Deflation benefits savers (and everyone else, to a lesser extent.)


"Consider a spherical bear, in simple harmonic motion..." -- Professor in the UCB physics department