Comment Re:That's why I said real inflation (Score 1) 91
rsilvergun has a handy upvote cadre here who upvote every comment he makes.
And then he vanishes when simple math, facts, or logic refutes one of his wild-hair assertions.
rsilvergun has a handy upvote cadre here who upvote every comment he makes.
And then he vanishes when simple math, facts, or logic refutes one of his wild-hair assertions.
And the barely-ever-quoted next paragraphs, perhaps even more salient?
"Akin to, and largely responsible for the sweeping changes in our industrial-military posture, has been the technological revolution during recent decades.
In this revolution, research has become central; it also becomes more formalized, complex, and costly. A steadily increasing share is conducted for, by, or at the direction of, the Federal government.
Today, the solitary inventor, tinkering in his shop, has been overshadowed by task forces of scientists in laboratories and testing fields. In the same fashion, the free university, historically the fountainhead of free ideas and scientific discovery, has experienced a revolution in the conduct of research. Partly because of the huge costs involved, a government contract becomes virtually a substitute for intellectual curiosity. For every old blackboard there are now hundreds of new electronic computers.
The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present
Oh wait, no we're not supposed to be afraid of this right now. So I guess ignore it.
Child safety and actual auto deaths are nothing when compared to the inconvenience of, y'know, changing the time you get up TWO WHOLE TIMES a year. THAT'S the REAL ISSUE.
People can't even complain they have to change their clocks, since easily 95%+ get their time from their phones or computers that auto-set anyway.
> radical increase in legal wage floors
The Federal minimum wage remains unchanged.
Notice how I didn't say anything about the Federal minimum wage?
30 states + DC (basically, the blue ones) have implemented minimums of $15 and higher, some of those nearly doubling their previous $8 rates.
Pls, show me where QE or QE-like policies were implemented in 2001? The Fed rate was cut, but they didn't print money like drunken sailors in 2008, 2010 (less so), and 2012. What incompetent wastrel was president each of these times, again? I'm not even arguing 2008 due to the crisis (I still disagree with it, but my job isn't to get re-elected either). But democrats perhaps need to stop trying to print themselves out of every crisis, maybe?
I don't get your point about qe vs money to 'ordinary people'? I prefer NO increase in M1 no matter in whose pockets it lands. Whether it's largesse to billionaires or 'hardship checks' to 200m 'ordinary' people, THAT INCREASES INFLATION.
And no, it WAS $1trn, or as close as matters:
I see:
1) (CARES Act, 2020): Up to $1,200/adult + $500/child. Total: ~$300b.
2) (Dec. 2020 / Consolidated Appropriations Act): Up to $600/adult + $600/child. Total: ~165b.
3) (American Rescue Plan, 2021): Up to $1,400/person incl dependents Total: ~$410b.
I callt it about $900b, the GAO tallies $931 billion across roughly 165 million recipients
(https://www.gao.gov/products/gao-22-106044)
This is DIRECT PAYMENTS to people.
Stupid Keynesians actively validating the damned gold-bugs.
You can't just stop and ask for directions, can you? Just this once?
Yeah but which of these can I do from my chair while reading slashdot, mr smarty-pants?
"if they can accuse important people without evidence and make them spend time and money"
So, for example, dredging up (in a suitable venue ofc) some ancient bimbo who diddled some rich guy in a dressing room (though she can't remember exactly when, or what she was wearing, and....well... She does admit to finding rape kinda sexy before she's dragged off the air), carefully not bringing the case to criminal court? Like that?
"... the way that the Federal reserve deals with that is every few years they crank interest rates. "
What?
That's absolutely the opposite of the data.
The US has generally had - aside from ww1/WW2, and the explosive 1970s - an inflation rate of 3-3.5% since 1900.
The last 25 years have had extraordinarily LOW inflation until the literal shoveling of money toward the public during COVID. ($5t in "assistance" including $1.8t in DIRECT payments).
Couple that with an insistence on the radical increase in legal wage floors across the country - how would those policies (which, I recall, you militantly supported) NOT be inflationary?
It's hypocrisy to blame "the Federal Reserve" for the logical, predicted outcome of the policies you have rather militantly endorsed.
"only 60% of Americans know how to drive a manual transmission (according to a survey from auto parts retailer AmericanMuscle)"
1) that seems like 60% of the readers of American Muscle
2) 'know how to' is covering a lot of ground here. "Knows how to start a stick, and how to probably get it moving from level ground with 25% of killing it" maybe. Can confidently and reliably drive with a stick, knowing basic techniques? 25% or less, certainly.
Having a stick shift is 100% the simplest security system you can have on a car in the US in 2026. Your car might still get broken into, but they'll abandon it quickly.
Unfortunately, afaik red dwarf stars are so cool that any planet in their liquid water zone are also almost certainly tidally locked.
Not saying that doesn't make it habitable (as ample science fiction authors have imagined alternatives) just that that might make the challenge harder.
Then again, life finds a way.
First, let's note the referenced article IS A SALES PITCH.
Second, electrical outages are a normal thing in a storm prone country. The "outages" aren't news, it's only meaningful if they're growing more frequent.
The article asks plaintively "is this the new normal" without ever establishing what the old normal was.
When taking into account the higher population and higher electrical demand per person, are large blackouts becoming more common in the US?
Per ai: no.
"The North American Electric Reliability Corporation (NERC) tracks Bulk Power System (BPS) performance annually in its State of Reliability (SOR) reports. Key takeaways from the 2025 SOR (covering 2024 data):
The BPS "remains highly reliable and resilient." Core metrics like frequency response, misoperations, and many transmission outage categories are stable or improving.
Severe weather (hurricanes, winter storms) caused the most impactful outages, as in prior years. In 2024, events like Hurricanes Helene and Milton led to millions of (mostly distribution-level) customer outages, but BES restoration was often faster than historical averages for similar storms due to hardening efforts. No major operator-initiated load shed during key winter events.
There were notable events, but the Severity Risk Index (SRI) and other indicators do not show a clear upward trend in frequency or severity of large-scale BPS disruptions when viewed over multiple years. Distribution outages (local, below 100 kV) are more visible to customers and can be widespread, but they are outside NERC's primary jurisdiction."
I fully agree our policies toward the increasingly critical electrical grid infrastructure are incoherent. That's said: quit buying into advertisers insisting the world is ending and here's some snake oil that will fix it.
1) there's no feedback of any value, at least not worth the effort. Any post can be immediately swarmed by bots or by humans that are little more than such. It happens here; you might be posting about the functionality of light switches and you'll get 5 anon posts about being a MAGA cuck and how it's Trump's fault; likewise you might post asking legit questions about data centers and have 5 anon posts calling you a communist woke traitor. Why bother connecting your brain to social media if all you're getting back is digital feces?
2) I've just spent much less time online anyway; I've decided to practice what I preach and - unless I'm actually doing something like ordering food, etc - I simply put my phone away when there are other humans present that I might interact with. At all. On a tram, in a waiting room. I am ready to engage other people, and if they don't choose to I've welcomed being alone with my thoughts again instead of being constantly bemused by some bit of celebrity news I couldn't give a shite about.
"Open the pod bay doors, HAL." -- Dave Bowman, 2001