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Comment Re:Gridlocked with No Way to Prime the Pump (Score 1) 438

" "Deflation" just means that your money is worth more as time goes by because the economy grows in productivity. This only happens if the growth is actually taking place - and growth does not happen forever in a finite universe, and certainly not on a finite planet. Anyone arguing against deflation is simply arguing for the State's right to reach into every pocket at the same time by printing money. This is a great deal if your pockets are empty and the some portion of the proceeds from the theft might land in them. Otherwise it plain old sucks. Proponents of government-issued fiat currency: be honest and call inflation a tax. But don't lie and paint non-rotting money as some kind of Medieval torment which the Enlightenment graciously set us free from. " via,

Comment Re:Gridlocked with No Way to Prime the Pump (Score 1) 438

Economics is an open field and and ongoing debate. You go to a school and they only teach you to use microsoft tools or whatever tech companies have been financially supporting them with their generous 'free' licenses. So guess what type of economics the state run schools are going to teach you.. Deflation - good for you, bad for the state. Keynes vs. Hayek Round Two -

Comment Re:Terrible summary, decent blog post (Score 1) 601

The argument is basically that hoarding will make Bitcoins so valuable that nobody will be willing to offer people enough to part with them. Does that pass the giggle test? Another way of stating the argument is this, "If gold is $2,000/oz today but people think it will be $5,000/oz next year, nobody will trade any gold today." Again, think about it. Does that pass the giggle test either?
It's funny.  Laugh.

Carl Sagan On Marijuana 3

eldavojohn writes "BoingBoing is reporting that, allegedly, Carl Sagan wrote a piece for 'Marihuana Reconsidered' under the pseudonym Mr. X that appears to look fondly upon the science of trippin' balls. Puff the Magic Sagan's full piece can be found here. It opens with 'It all began about ten years ago. I had reached a considerably more relaxed period in my life — a time when I had come to feel that there was more to living than science, a time of awakening of my social consciousness and amiability, a time when I was open to new experiences.' Too bad old Mr. Cosmos couldn't enjoy his latest vocals."

Microsoft Readies Ad-Supported Office Starter 2010 235

Martin writes with this excerpt from Ars Technica: "Microsoft Office Starter 2010 will be not available for purchase; it will only come pre-loaded on new PCs. It includes basic functionality so users can view, edit, and create documents via Office Word Starter 2010 and Office Excel Starter 2010. Not only are these programs ad-supported, but Microsoft claims they are 'designed for casual Office users,' who apparently will be perfectly fine with reduced-functionality and ad-supported software."

Real-LIfe Distributed-Snooping Web Game To Launch In Britain 419

corerunner writes "A new internet game is about to be launched which allows 'super snooper' players to plug into the nation's CCTV cameras and report on members of the public committing crimes. The 'Internet Eyes' service involves players scouring thousands of CCTV cameras installed in shops, businesses and town centres across Britain looking for law-breakers. Players who help catch the most criminals each month will win cash prizes up to £1,000."

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No amount of careful planning will ever replace dumb luck.