New money is created by lending it into existence, with interest.

That last bit is key. In order to pay off the interest, you need money, which was also loaned into existence with interest.

The only way to maintain this is through constant economic growth. Without it there's a deflationary collapse.

Academia is dominated by Keynesianism.

The project is Converse.js, an XMPP chat client. It's an old project that was originally created back in 2013 with Backbone.js.

I first replaced all templates with `lit-html` when I first heard about that, and then when lit-element (and now "lit") came out, I started rewriting the project to use that.

This app has since been integrated into many different websites that rely on other frameworks like React and the fact that Converse.js is a web component () makes this easier.

If you're interested, here's the Github repo: https://github.com/conversejs/converse.js And you can demo it here: https://chat.conversejs.org/

You'll need an XMPP account (see https://providers.xmpp.net/ for possible providers).

It's actually pretty easy to lose money. Everybody is happy to help you part with yours.

Comments URL: https://news.ycombinator.com/item?id=44052474

Points: 7

# Comments: 0

https://conversejs.org

The website is a bit old, but lots of exciting changes are happening under the hood and I finally have the time to make big architectural and performance improvements.

South Africa also has affirmative action.

In fact, there are more race based laws in South Africa currently than during Apartheid.

https://freemarketfoundation.com/race-law-in-south-africa-30...

Now maybe you're talking about violent wealth redistribution. That generally doesn't work. It results in collapse and everyone gets poorer.

Zimbabwe bring the prime most recent example.

Grey is UK English, so think "e" for England. Gray is American English, so think "a" for America.

https://www.thevintagenews.com/2017/04/22/the-werther-effect...

Spending a month on a useless pipeline doesn't seem that bad to me.

That was the deal since the second world war.

So you're saying it's the same as just about any other sitcom?

Besides joking at one another's expense, a super common trope in US sitcoms is the lie to avoid embarrassment which builds up tension throughout the show, inevitably leads to exposure/confrontation and then resolution (forgiveness) near the end.

So many situations would be resolved quickly if the characters just 'fessed up immediately instead of trying to deceive the others to save face.

But then, there'd be no show with cheap laughs.

This is a pretty funny but largely ignorant dig at Europeans.

Every country I've ever been to except the US includes VAT in their prices and I've been to over 30. It's not just a European thing but a world thing, where the US once again is the odd one out.