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Comment Re:It's not, until it is (Score 1) 133

You mean the time he was heckled into specifying a timeframe? And was surprised by the size of the governments attempts to prop up the market?

The relationship his models describe still work. The outcome is inevitable. We can delay the inevitable for a long time. But our attempts will become less effective, until they stop working completely. Like how we're currently giving away money to keep the "economy" going (or at least the share market), with no end in sight?

Comment Re:It's not, until it is (Score 1) 133

I'd recommend you read the work of Steve Keen (and perhaps others). Economic textbooks ignore the price of assets, banks, and the price of money. Central banks are full of people who read the textbook and swallowed the ideology it proposes.

By defining inflation as a rise in prices, and completely ignoring the rise in asset prices. The central bank economist can say that they are going a good job. We justify that this borrowing is fine, because it's backed by asset values that have also gone up. And borrowing is mere transfer of spending power from patient people to impatient people. Banks are lending out reserves that they received from the central bank.

But that's not how it works. Banks create loans first, those loans are then deposited. At a house auction, all else being equal, the person who sets the price of the house is the person who borrowed the most from the bank. Rising loan values push up asset prices. Without those larger loans, the price could not rise. The seller takes some of that money and spends it, stimulating the economy. Without those loans, the economy would be smaller. To chase economic growth every year, without any "real" underlying growth, the value of loans we create has to accelerate.

We've been on this treadmill for the last 60 years. Gradually borrowing more and more money to keep the economy going. Turning everything of value into an asset that can be borrowed against. A couple times we borrowed too much too quickly. When those "small" bubbles popped, we had recessions when borrowing fell a bit. But only down to the long term gradual trend.

Now? Even with all this free money, the economy is stagnant. The capacity of the public to take on new loans is no longer enough to keep the economy going and growing. We're way passed the point of no return. It would take 30 years of depression to unwind our debt and asset bubbles without any special intervention.

Comment Re:Decrease trade (Score 1) 88

The responsibility for obtaining private debt in Greece is of course also solely on the persons obtaining that debt.

Is it though? This is the crux of the problem. Without a floating currency, there is no mechanism to rebalance the value of money in both economies.

even though it is and was obliged (for most of the period) to keep it under 3%

So you limit government deficits to 3%, yet impose no trade deficit limits. When you account for where each unit of currency is flowing, and how those flows are changing over time. Economic growth, government deficit, trade deficit, .... The only way to balance the accounting books is for Greece to create money. Which you explicitly ban the government from doing. So the role of money creation falls to the banking sector. Then you just pass the buck and say the private citizen taking out the loan is the one responsible for the systemic problem that has been created? Even though they are not the one with the economics degree who setup the system in the first place?

The monetary union was always doomed, so long as there was no built-in mechanism to counteract the flow of money. To make sure no country becomes impoverished from the flow of cash leaving their borders. Either keep the individual currencies, or run an actual federal government that redistributes wealth between the countries. You can't build a system that allows the decisions of individuals to screw it up, then only blame those individuals when they do so.

Globally all economies would like to run a trade surplus. But every country should be forbidden from doing so. At least on average, over some time scale. Because one country's imports are another country's exports. The sum of all trade is zero. Take money out of a country and they must create more money somehow to keep their economy running. Prevent the government from creating money via a deficit, and the only source of money is new loans. While you can keep an economy going on new loans, particularly since easy money creates asset bubbles, eventually the system breaks down.

Comment Re:What happened to Wifi adhoc mode? (Score 1) 132

Google. At least on Android. Android 4 included a re-written wifi driver with no support for adhoc. Even though "Issue #82" was open for years, and was one of their most upvoted bugs.

Cisco. They stack every vote at the IEEE they have an interested in. And they are only interested in selling infrastructure. The initial adhoc spec is terrible, it's a thrown together afterthought. Building a stable adhoc mesh network essentially requires you to break it. 802.11s was kinda supposed to be a replacement. The spec took 7 years to negotiate and was essentially DOA.

Comment Re:Decrease trade (Score 3, Interesting) 88

Allowing the market to decide that people who live in Greece should borrow Euro's from Germany in order to buy German products has worked so well for the people of Greece.

Currency should be "local", for some value of local. At least as far as taxation, infrastructure & welfare management are concerned. Otherwise you end up with nasty monetary imbalances, with no economic tool to fix it. Right now Germany isn't building roads or paying for welfare in Greece, even though they are partly responsible for their economic woes.

Comment Re:The copyright system is broken (Score 1) 60

Criticism is a valid form of fair use, because you are unlikely to get permission. Parody is a form of criticism.

But what we are calling a song parody, isn't a criticism of the original song. But changing the words to poke fun at something else.

A reason why Weird Al licenses songs is because the parody exception may not apply, and testing that in a court room is expensive.

Comment Re:I'm ambivalent (Score 1) 160

The point of these instructions, is to utilise *all* the compute units of the core in parallel. Since there's no resources left over for your "normal" code to use between these instructions, the CPU can't pipeline any other work. It essentially turns these general purpose cpu cores into something closer to a gpu core.

Translating any control flow method into something that makes use of vector instructions is a *hard* problem. Take simdjson as an example. There's plenty of servers on the internet, whose primary job is to process json.

I disagree with Linus a little here. Building new vector instructions does have value. Intel do have lots of engineers working on different problems. Should they all drop what they are doing and work exclusively on fixing Spectre-like data leaks? Should no-one focus on improving benchmark scores?

But Intel do have an image problem. They should be more pro-active and transparent about changing their focus from "better benchmarks at any price" to "security first, then benchmarks".

Comment Re:Remember Ceaucescu. (Score 0) 161

China has enough different ethnic groups that they can order one to attack another. The army will be lied to, the victims seen as deserving their fate.

Rebel against this order, and China has more armed forces. This time you will be the victim.

China will continue to throw their weight around. Talking about Hong Kong will be like talking about Taiwan.

They will get away with this until the west has the stomach for all out war.

Comment Re:Here you will find comments from people who did (Score 1) 303

Google was a popular place to work. They could filter the pile of qualified resume's using almost any criteria they want. That would look for google's numbers, but make the problem worse for the rest of the industry.

Unless they focus their attention on structural problems (if they exist) in the education pipeline, to ensure the under-represented have the opportunity to learn. Which would result in more candidates to choose from.

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