Flock is going to offer facial recognition services to the cities that have flock cameras already installed. Adding ring cameras just adds to the ability of their network. Privacy nightmare

How long would it take to grow six teeth? 24 years?

Really interesting. I just read the Bank of England’s companion article: Money in the modern economy, an introduction https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-in-the-modern-economy-an-introduction

I didn’t consider that you could still classify banking as fractional reserve banking even though there are no fractional reserve banking requirements. In my mind the concept was one of regulatory oversight.

Do you think that when a bank loans money to another bank they are creating money out of thin air? If they can do that then why do they need to borrow money?

I think you’re doing a good job interpreting and explaining modern monetary theory, I just don’t agree with all of it, although I agree with the concept.

Do you believe that the US government must collect taxes before it can spend money? Or do you agree that government spending is self financed and money creation (in spending by the US government) is only limited by concerns of inflation?

Do you believe that Banks hold digital money in their reserves? I do. Who do you think created that money?

You’re right that that article does talk about banks creating money and it’s true that banks can create money when they lend more than they have in reserves and assets. But my larger point was that IMO bank loans are credit but the bank loans are repaid with actual money. Maybe it’s semantics.

Also, you mentioned fractional reserve banking but that no longer exists. It ended around 2020 when the government changed regulations and no longer requires banks to hold any ratio of reserves to debt.

When a bank issues a loan it creates a credit in the borrower’s account. When the borrower withdraws/transfers the money from their account the money comes from the bank’s reserves. The bank’s reserves consists of deposits and other liquid assets. The money in the bank’s reserves started its life by being created by the federal government. You may argue that the bank is loaning money that it does not hold in reserves, but for lack of a better description, this is a huge liability for the bank that can create insolvency issues (bank run). For this reason, I do not agree that banks create money when they issue loans, since the bank’s reserves are not created by the bank.

Money collected from taxes is basically recorded in a ledger / account by the Treasury. Some people look at this as the end of the lifespan of that money or the destruction of that money.

Money begins its life by being spent by the federal government. They essentially create money with the press of a keystroke (granted they are spending funds which are approved by Congress and allocated for projects), the money credits a Treasury account, then they transfer it / spend it which puts the money into circulation.

The federal government does not actually NEED the money you pay in taxes to fund their spending. Money does not come from people. It is created solely by the treasury. The federal government WANTS the money from taxes to approximately match the amount they put into circulation through spending in order to prevent runaway inflation. If they spend more than they collect they are adding to the supply of money which seems to be normal for a society with a growing population and successful marketplaces, but if they spend too much you get inflation.

The federal government believes that balancing is important. They want the amount of goods and services that America exports globally to match the amount America imports. Each year there is a deficit which means that America receives more goods and services than it exports. In order to balance this, the Treasury issues bonds equaling the amount of the year’s trade deficit. We don’t have to do this but we choose to because we believe it will create financial stability.

When the US issues bonds it collects money and gives a promise to make interest payments and to repay those bonds when they are due. Those bonds are debt. This is essentially how the government borrows money.

This is a fantastic article from the Bank of England which is like the US Treasury https://share.google/GmWpluu76vSJpuw5C

Edit: read the discussion below for more context and clarification. Banks create more money then the federal government does, I wasn’t aware.

So when you say that the US benefited immensely, you really mean that a few people (politicians and the ultra rich) benefited. I can understand that you’re saying that the US was successful in achieving it’s goals i just don’t agree that the result was beneficial compared to a more strategic focused approach

As I understand, chasing a measurement of GDP is an effort to show work capacity. This capacity can be utilized in wartime to produce weapons and bolster security. Increasing work for the sake of increasing work does not benefit workers- it does not provide fair wages or safe workplace environments. It does not make citizens lives better. Similarly, there is an amount which must be spent on military for protection and to act as a deterrent, but engaging in a spending race is not beneficial to people. Those efforts could be used towards education, health, transportation and quality of life. I don’t see how you can argue that the US’s goals should be to work the hardest and spend the most on military.

I was listening to a podcast and the guy was saying that the United States aimlessly pursues goals to outperform other countries. For example, the US wants to have the biggest military. The US wants to have the largest GDP. Chasing a goal for the sake of competition does not benefit the US at all. We should work towards fulfilling our own interests but there is no point in blindly pursuing every metric. BTW the US doesn’t try to outperform other countries in health care or education or any semblance of happiness.

Terribly loud non-stop belching

Hmm yeah I obviously haven’t figured that out yet.

Five generations would be 10 people. If one of them was native American, their descendant would be 1/10 native American.

I should say that the main goal of this method is to make eggs that you can peel the shells off of very easily, whether or not the eggs are very fresh. If the eggs you buy don’t have problems peeling then this method might not be the best for you.

With my method you won’t have hard to peel eggs regardless of if they were fresh or not

I would buy a Nas with raid and keep a copy both on your PC and on the NAS

But women are already suffering from menstruation pain and taking time off, this would just allow them to be paid. Companies that are already male dominated are obviously already discriminating and don’t need any tools to do so… Male dominated management can already suggest that women aren’t suitable for higher level roles because they are unpredictable (that’s not true), and they can already claim they are physically less capable so I’m not sure what your point is. I haven’t worked in Thailand because I’ve never had a visa that allowed working. Not sure what your experience is. Maybe look at Johnny Cash’s links that show that Thailand is top 3 in the world for women in executive rolls.

Your statement “Very on brand for modern conservative south-east asian country. You can appear to be accommodating to women while actually building barriers.” implies that the purpose of this change is actually to build barriers for women, which isn’t true. It’s obvious that the purpose is to help women- do you have any proof of your claim?

You’re really focused on corporate executive roles but you know most women don’t have jobs like that.

I would like to see initiatives like these in more countries. I think it sets a good example and it shows they are doing many things right.

It’s essentially medical leave because of women’s biology. I can’t imagine the mental hoops you jumped through to conclude that this is only appearing to accommodate women but actually it’s building barriers.

Some good points. I can’t remember where I saw this, but a game recently made their loot boxes randomly generate loot which was then shown to the player who had the choice of whether or not to open a box. This is much better than blindly opening boxes where you won’t know whether or not you will want the item inside.