Hacker News: dlp211

New comment by dlp211 in "Buy, Borrow, Die – Explained"

dlp211 — Sun, 01 Sep 2024 03:11:21 +0000

I'm not saying you're wrong, but that graph doesn't show anything with regards to whether or not middle-class folks have been hit with austerity.

Federal outlays are not granular enough and increasing Federal outlays is pretty meaningless.

New comment by dlp211 in "Banned in the U.S.: Healthy Light Bulbs"

dlp211 — Fri, 26 Apr 2024 02:08:37 +0000

Cree

New comment by dlp211 in "Bitcoin Block 840000"

dlp211 — Sat, 20 Apr 2024 03:32:40 +0000

Russia is in a war economy. GDP = Government Spending + ....

New comment by dlp211 in "MTA board votes to approve new $15 toll to drive into Manhattan"

dlp211 — Thu, 28 Mar 2024 03:18:40 +0000

You should pay more because you aren't covering the actual costs.

New comment by dlp211 in "MTA board votes to approve new $15 toll to drive into Manhattan"

dlp211 — Thu, 28 Mar 2024 03:12:13 +0000

Because trains cost money? Everything can't be free or cost less just because you wish it so.

I'm a big proponent of no-fare subway's, but I don't think the MTA should just do that without a revenue source to replace rider fares. It would result in a completely broken subway system.

New comment by dlp211 in "MTA board votes to approve new $15 toll to drive into Manhattan"

dlp211 — Thu, 28 Mar 2024 03:10:04 +0000

They already are:

https://www.nbcnewyork.com/news/local/ny-ghost-cars-dodging-...

New comment by dlp211 in "MTA board votes to approve new $15 toll to drive into Manhattan"

dlp211 — Thu, 28 Mar 2024 03:03:56 +0000

Middle class folks that work in the city don't drive from NJ into NY, and for the few that do, they should get on a train because it will save them money today and after this goes into effect.

New comment by dlp211 in "MTA board votes to approve new $15 toll to drive into Manhattan"

dlp211 — Thu, 28 Mar 2024 02:59:57 +0000

> Car congestion fees are touted but they are rarely effective

Citation needed. All studies I have seen suggest that congestion pricing achieves its desired outcomes of reducing car traffic and is the most effective way of doing so.

New comment by dlp211 in "Why the 2% inflation target? (2023)"

dlp211 — Sat, 23 Mar 2024 04:31:03 +0000

> Quality of living is plummeting

Massive citation needed.

New comment by dlp211 in "Why are most sofas so bad?"

dlp211 — Fri, 15 Mar 2024 05:16:00 +0000

This is, and I cannot overstate this, one of the most ridiculous, tech bro statements I've read on here in a while.

New comment by dlp211 in "Institutions try to preserve the problem to which they are the solution"

dlp211 — Sun, 25 Feb 2024 00:43:39 +0000

We (mostly) don't create money out of thin air. We borrow it. This obligation acts as a limit on money supply inflation.

Also, slight, but mostly consistent inflation is far better for everyone than what the US went through in it's first 150 years as a country.

The average American household is worth more than $1MM and the median is close to $200k. All time highs, even adjusting for all the inflation.

https://dqydj.com/net-worth-by-year/

New comment by dlp211 in "'Greedflation' study finds many companies were lying to you about inflation"

dlp211 — Sat, 09 Dec 2023 01:27:41 +0000

WTI crude has fallen for 7 weeks straight. NatGas futures have been in an unbelievable steady state at around $2.50-2.75 after coming down from pandemic highs.

Why do you all insist on making shit up?

New comment by dlp211 in "'Greedflation' study finds many companies were lying to you about inflation"

dlp211 — Sat, 09 Dec 2023 01:20:26 +0000

Yes, after 2 decades of screeching from the "helicopter money" crowd, we suffered a short bout of inflation.

A reminder: Inflation is a hardship, a short one in this instance, unemployment is a crisis.

New comment by dlp211 in "Is there an updated list for verified good USB-C cables?"

dlp211 — Sun, 26 Nov 2023 16:40:45 +0000

I def use Reddit a lot less than I used to, but I caved and installed the official app. But now I use it sparingly because it such a shitty experience.

New comment by dlp211 in "Sam Bankman-Fried Convicted"

dlp211 — Fri, 03 Nov 2023 00:23:54 +0000

But they are going to be made whole, or nearly so. It may take a while, but the guy they brought in to untangle FTX is the same guy that untangled Enron. He's said that FTX always had enough assets to cover its obligation, at least on paper, it just sucked at keeping track of them.

New comment by dlp211 in "FIDE world chess championship decided in rapid tiebreaks"

dlp211 — Sun, 30 Apr 2023 18:05:38 +0000

To further solidify this, Magnus crushed Ian in the last WCC 7.5 to 3.5.

I think most folks agree that Magnus is the best player in the world, but the WCC was far better with him not in it.

New comment by dlp211 in "‘America does so much more to subsidise affluence than alleviate poverty’"

dlp211 — Sun, 02 Apr 2023 17:06:47 +0000

Defense spending is a third rail in politics.

New comment by dlp211 in "‘America does so much more to subsidise affluence than alleviate poverty’"

dlp211 — Sun, 02 Apr 2023 17:05:16 +0000

The program wasn't temporary, the assistance is. TANF was never meant to raise people out of poverty, it is a program designed to help those that fall on hard times to recover quickly, hence the job training.

New comment by dlp211 in "US annual inflation declines to 7.7% in October vs. 7.9% expected"

dlp211 — Fri, 11 Nov 2022 19:44:56 +0000

Yes, and the war has exacerbated, hence why I said a combination. The war, the supply chain, increased savings, government payments, corporate attitude. All of them have contributed, the supply chain, the war, and corporate attitude have contributed the most.

New comment by dlp211 in "US annual inflation declines to 7.7% in October vs. 7.9% expected"

dlp211 — Fri, 11 Nov 2022 19:43:23 +0000

We issue more bonds. And because we do issue the bonds and don't simply print the money, it is non-inflationary. This is because there is an asset backing the dollars instead of simply paying out the money, ie: the accounting book is balanced, there is an asset and a liability. It's only when you print money and give it away is the money inflationary. This is why we can continue to increase M1 and not see massive inflation. As the overall economy grows, there are more assets available to back the currency.