464100+ entries in 0.584s
mircea_popescu: and yes, people don't get all
they want, and
the stupid don't get "basics" whereas
the smart don't get "unimportant stuff".
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: "I often see victims of Commentator’s Disease arguing against
the minimum wage on abstract grounds of economic
theory. It is what commentators do—bandy abstractions, railing for or against Keynes, assaulting
their ideological opponents with pointed phrases.
They have never had
to do
the arithmetic of forty
times
the minimum wage minus
taxes minus bus fare minus rent and gotta pay
the cable because it is
the only
th
chetty: and I
thought wasmostly dumb people imaging everyone else was
too
mircea_popescu: the point is
that people who aren't like
them have no fucking business here.
mircea_popescu: the point isn't
that smart people are somehow misguidedly imagining
that everyone's smart like
them.
thestringpuller: BingoBoingo:
the commentary on reddit is bottom of
the barrel.
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 doesn't actually cover
the cost of maintaining
the infrastructure he needs.
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: 25 cents per hour would be above
the market-clearing price. Yet he can never reach
the productivity of
the foreign contractors unless he can get substantial work experience.]"
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
☟︎ BingoBoingo: <pete_dushenski> ;;later
tell cazalla "sum" of money, not "some" in your last article. << fixed
mircea_popescu: in any case, 150 bucks, almost a full bitcoin. and he didn't even have
to shove it up his ass.
mod6: look how rusted
the rocker arms are
mircea_popescu: aka, some countries are just not worth bothering with.
the country of africa,
the country of north america chief on
the list.
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: ben_vulpes from ritholz site : "Please use
the comments
to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure
to create straw men and argue against
things I have neither said nor implied. If you could repeat previously discredited memes or steer
the conversation into irrelevant, off
topic discussions, it would be appreciated. Lastly, kindly forgo all
mircea_popescu: the untenability of
their position is aka
the liar's curse.
mircea_popescu: asciilifeform well obviously. but
the problem for hypocrites is : i may at may lesure discuss
their affairs in either
the nominal
terms
they put forth or
the actual realty involved, and randomly equate one branch with another at any point i feel like.
mircea_popescu: ;;later
tell williamdunne btw, were you going
to put bitbet bets in scoopbot ?
mike_c: "But many companies insist
that a network or system is sufficiently air-gapped even if it is only separated from other computers or networks by a software firewall." << uh, not
that one.
thestringpuller: the
trilema article on practical airgapping is a good start, but a "read more"
trinque: ben_vulpes: heh
that one had me roaring
pete_dushenski: "i know, let's let anyone who wants
to edit articles have admin privileges because wanting is
the only barrier
to entry our society has !"
pete_dushenski: "Nye was born on November 27, 1955, in Washington, D.C.,
to Jacqueline (née Jenkins; 1921–2000), a codebreaker during World War II, and Edwin Darby "Ned" Nye (1917–97), also a World War II veteran, whose experience without electricity in a Japanese prisoner of war camp led him
to become a sundial enthusiast."
pete_dushenski: without any of
the "i'll put it in god's hands" or "god only knows" deference, sadly
pete_dushenski: pretty much just same old idiots running around using larger-than-life forces
to explain
their existences
pete_dushenski: to quote myself : "So let me get
this straight, “sustainable” doesn’t mean “long-lasting, likely
to perpetuate, and likely
to lead
to
the fullness of human flourishing” so much as “designed
to give idiots resources without also
teaching
them how
to
think well enough
to distribute said resources with a view
towards
the long-term.”"
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: asciilifeform what's noteworthy in either
those cryptome links ?
mircea_popescu: kinda what im inching
towards :
the plain observation
that
the odds for
this situation so far look like ~1% is something
pete_dushenski: every single last one of
the 'initiatives' outlined in
that document are under-funded, poorly specified, and behind schedule
pete_dushenski: "the
TIC and NETWORZ consolidation initiative is behind schedule and unlikely
to achieve its goal of delivering less
than 100 connections either in short- or mid-term
timeframes." << not saying
this is an easy
task, but holy shit does
the manhattan project *feel* like it was 3 generations ago. what goals can usg hope
to accomplish
these days, other
than writing more pieces of paper and making more pp slides ?
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.
assbot: The strange case of
the unentropic entropy and other bedtime stories of primes and people. on
Trilema - A blog by Mircea Popescu. ... (
http://bit.ly/1H8Xpuk )
pete_dushenski: "PRISM is one of
the most valuable, unique, and productive accesses for NSA – don’t miss out on your
targets."
trinque: I bet
the chinese version of
that screen does what it's supposed
to, at a bare minimum
trinque: if I find
the
time I may compile a recent history of
the chinese kicking our asses
trinque: it's just like
the guys hunting Jack Bauer or whatever
trinque: I
think in
the absence of any actual history,
this is what americans do: imitate (their own
terrible) film
trinque: sure,
the other part gets fireeye paid
pete_dushenski: trinque:
that 5-10% is important for actually working, but
the other 90-95% is better at making it *look* like you're working
pete_dushenski: french part : not so spotless (though hardly "dirty") with plenty of "fun" marketing ploys
to encourage "right" behaviour
trinque: the only useful part of
that screen is
the log, and
they gave it what, 5-10% of
the real estate
pete_dushenski: german part : spotless, not signs
telling citizens
to pick up
trash, people just behave
themselves
pete_dushenski: or at least i saw more of
these 'shiny incentives' in
the french part of switzerland
than
the german part
pete_dushenski: because it's
too hard
to 'incentive' security without making it shiny
williamdunne: Nearly as derpy as
the exchange bragging about FATCA compliance
williamdunne: I haven't seen it in maybe a week but for months I couldn't
touch a video without having
that stupid voice
telling me I should use a Canadian exchange
pete_dushenski: no different
than uber doing 'free' pick-ups for goodwill donations from people's houses
williamdunne hasn't yet been subjected
to obnoxious ads, except from Gem and *shudders* QuadrigaCX
pete_dushenski: it's usual dangle-bait shit for shartups with moar capital
than brains
shinohai: They have obnoxious ads everywhere offering 20k satoshi
to sign up. wtf is
that shit.
pete_dushenski: shinohai: heh.
there's a reason
they're listed on f.derp
williamdunne: MPwilliamdunne: danielpbarron: Not sure why she couldn't have just come on here D: <<< Nah don't
think Stoya ever did :/
That message was about Indian asking DPB
to get my contact details for some reason
thestringpuller: Back when consoles were still kool
tho, you could at least depend on Nintendo/Sony
to have a sane
third party get you drivers for
the machine.