EU law trumps German law.

In US terms such a requirement is not “constitutional”.

Comments URL: https://news.ycombinator.com/item?id=47563043

Points: 3

# Comments: 2

So couldn't this be done with an appropriate shell alias - at least under linux.

So when a government bond matures it is replaced automatically with a simple bank deposit. It’s nothing more than an asset swap.

“People with savings” are precisely why there is a “debt” in the first place. When they spend those savings they pass tax points which then creates the tax that retires the “debt”.

To put it in simple terms the “grandchildren” will “service the debt” using the counterparty “savings assets”inherited from their “grandparents”.

Don’t fall for the standard narrative. It’s not true.

The conversion of those hours into labour services is why the private sector is allowed to profit. If they want “better quality hours” then they have to bid up the price of those hours.

That should be market determined, rather than being administratively set as the gap between unemployment benefit and the minimum wage. You’ll be surprised how well the private sector can use hours once they see people doing the basics of turning up on time and doing something.

When we sentence offenders to “community service” we give them a job as rehabilitation, along with all the support mechanisms to straighten out lives. If we can do that for offenders, we can do that for everybody.

The result is political pressure to remove the state pension or increase the age at which it is received.

If UBI worked as you suggest then the resulting increase in productivity would drive the state pension age down not up.

The evidence is against you. Giving people money reduces productivity and makes it more difficult for firms to get the labour they require, and at huge cost to the state that uses up the finite taxation space there is available.

The societal deal with the private sector is that it employs everybody at a rate that allows an individual to live in return for the chance to make a profit. A job guarantee ensures that the private sector overall cannot shirk that responsibility.

If the private sector does its job, nobody will be employed on a job guarantee.

It’s up to you if you take up the state’s offer or not.

The UBI removes the motivation to work and turns everything into volunteering. The result is a rise in the “reservation wage gap” - the amount the private sector has to pay to get people to work for them.

The reservation wage gap with a job guarantee is near zero - which is more economically efficient.

Additionally the job guarantee acts as a powerful spend side automatic stabiliser that is temporal and spatially efficient - which removes the need to manipulate the base interest rate allowing it to return to its natural rate of zero. This allows permanent cheaper mortgages and business loans.

We're not writing code in a computer language any more, we're writing specs in structured English of sufficient clarity that they can be generated from.

The debugging would be on the specs.

Is it possible to write Cucumber specs (for example) of sufficient clarity that allows an LLM agent team to generate code in any number of code languages that delivers the same outcome, and do that repeatedly?

Then we're at the point where we know the specs work. And is getting to the point where we know the specs work less effort than just coding directly?

We live in exciting times.

Tokens are cheaper than getting an individual to modify the code, and likely the tokens will get cheaper - in the same way compilation has (which used to be batched once a day overnight in the mainframe era).

Non-determinism is how the whole LLM system works. All we're doing with agents is adding another layer of reinforcement learning that gets it to converge on the correct output.

That's also how routing protocols like OSPF work. There's no guarantee when those multicast packets will turn up, yet the routes converge and networks stay stable.

I think this fear of non-determinism needs to pass, but it will only pass if evidence of success arises.

What you maintain is the specification harness, and change that to change the code.

We have to start thinking at a higher level, and see code generation in the same way we currently see compilation.

The trade deficit is shrinking, and which necessarily means there is more domestic flow as foreign hoards of dollars are liquidated. That flow has to go somewhere.

Could be straight to the tax cuts of course.

This is the other side of tariffs that few discuss. It may put import prices up, but it also increases the domestic flow of income.

Which means that those who rely solely on imports pay the cost and those who make the domestic supply get an increase in income as an offset.

Those bank deposits are transferred to Treasury by deleting the bank deposit and by the bank transferring central bank credits back to the Treasury.

Where did those bank deposits originate from? From the government transferring central bank credits to the payee bank and the payee bank then crediting the deposit account.

If the individual chooses to hold the bank deposit, then the bank itself will purchase the government security with the credits it received from the central bank when government made its payment.

Does that clear it up for you?

The full gory details in the UK case is here: https://doi.org/10.1080/00213624.2025.2533726

The immigrants are spending all they get. Nothing to do with taxes.

Learn how the accounting works

The government’s red ink is our black ink. The trouble is “safe savings” doesn’t have the same air of doom about it.