mircea_popescu: ah, ima get you one, a sec.

mircea_popescu: yes jurov just made a windows thing

mircea_popescu: jurov wouldn't it make sense to just strip the symbols and etc for a release ?

mircea_popescu: i need you to stop trying to go around things as if you're going to maintain some sort of control over the process or something. what all the periphrase and metaconsiderations ? you've seen a dozen people get one through saying the magic words "gimme one" or somesuch.

mircea_popescu: jurov plox make a post on exployt so i can reference it in the future etc ?

mircea_popescu: fucking hell, poor idiots and their coats, i hope they never see a coat again and live in antarctica for the rest of their dais.

mircea_popescu: this has more to do with the fact that ipso definitio the preoccupations of the stupid will be banal. they don't have what with to miss things above a coat.

mircea_popescu: dude... who the fuck said x SHOULDNT have to choose between electricity and a coat.

mircea_popescu: ing they have after work. They have never had to choose between the electric bill and a new coat as winter comes on."

mircea_popescu: rtgage would have more spending power by working fewer hours and/or quitting altogether. Mulligan also notes that as the program was unfavorable to lenders they had a huge incentive to “promote borrower confusion and uncertainty about the disposition of their modification application.” (i.e., the bureaucratic run-around might not have been accidental!)

mircea_popescu: e reported to the United States Internal Revenue Service. The first section of the chapter shows how the programs resemble government safety net programs, except that the marginal income tax rates from mortgage modification far exceed 100 percent in some instances.” It turned out that a person’s mortgage payments would be reduced by $1.31 for every $1 fall in income. In other words a lower-income American with a mo

mircea_popescu: One of the biggest surprises in the book is the importance of federal mortgage loan forgiveness: “This chapter shows how all of these outcomes, and more, may be a direct result of stark incentives created by the FDIC and HAMP programs (hereafter jointly referenced as FH) and their practice of targeting the ratio of housing expenses to borrower income. The FH programs offer modifications on the basis of borrower incom

mircea_popescu: this matches my experience. the average english speaking "civilised world" young adult can pull on his own something between a dime and a quarter per hour's worth.

mircea_popescu: "[Personal experience: I have taken on a recent high school grad (friend’s son) as an intern in my web development business. He was an above-average student in a Harvard University intro CS class and also completed AP Computer Science in high school plus an additional programming class. His current productivity is about 1/100th of a $25/hour Ukrainian or Filipino contract programmer so any wage+benefit package above ☟︎

mircea_popescu: in any case, 150 bucks, almost a full bitcoin. and he didn't even have to shove it up his ass.

mircea_popescu: ment is expected to decline by a much greater percentage than consumption in the short term, and by the same percentage in the long term. In this view, the investment decline is entirely a reaction to the labor market, and not a cause of the low rates of labor usage."

mircea_popescu: "Assuming, as economists usually do in aggregate analysis, that capital enhances the productivity of labor, and labor enhances the productivity of capital, then the efficient reaction to less labor is to have less capital. Investment is the rate of change of the capital stock, so even small reductions in the capital stock may be achieved by large investment reductions for a short period of time. For this reason, invest

mircea_popescu: Leave a Reply You must be logged in to post a comment."

mircea_popescu: spend more than it costs to run an african/southeast asian village for an entire year to keep a couple tards and their ill behaved, poorly brought up, genetically deffective offspring on reddit.

mircea_popescu: er, even if someone were to offer the adults in the family a $160,000 per year job it would not be rational for them to accept it. If they were ever to lose that job it would take many years of paperwork, bureaucracy, and waiting lists to get back to their current welfare lifestyle."

mircea_popescu: me) in a building with a swimming pool, two gyms, and a variety of other luxurious facilities. Their health care is free through some combination of Medicaid, Obamacare, and a city-run health system. Their food is mostly free through food stamps. They can get cash from TANF and some similar programs. They would need to earn at least $160,000 per year pre-tax to obtain the same standard of living at market prices. Howev

mircea_popescu: "If you live in an expensive city and are acquainted with families collecting welfare the book confirms what you might have noticed, i.e., that it would be irrational for the adults in the family to enter the workforce. Here in Cambridge, Massachusetts, for example, the welfare families that I have spent the most time with occupy apartments with a market rent of about $4,500 per month ($54,000 per year in post-tax inco

mircea_popescu: ok, but seems to me the proposition that "if you pick a random number, the odds of it being divisible by 17 are 1 in 17" is fairly uncontroversial.

mircea_popescu: hm, does anyone remember this excellent write-up of the videogaming industry wrt drivers ? it was a fable-like story, didn't name intel nvidia ati etc but described the interactions with game developers in some intricate detail.

mircea_popescu: and so on and so forth, gavin's spoken to "economists" that agree with him except meanwhile they turn out to not exist and he has the support of business except all that business can't get a hundred bitcoin together. in which sense, it is obviously a subsection of the tardstalk forum - those guys got like 1k together to give marquardt so he could leave council housing.

mircea_popescu: ethereum was going to be the bees knees for sure definitely absolutely. it even raised a shitton of btc, allegedly. except... not. not at all, not a little bit.

mircea_popescu: funny how the buterin waterfal works. there's allegedly all these usg "companies" with "millions" in their coffers that have "investors" and whanot. meanwhile nobody can be arsed to buy any amount of their stock at a 50% to 90% discount. for like...a year now.