1,633 karma · joined February 28, 2007
In hyperinflation, a dollar loses half its value in a few minutes.
The former is certainly possible we decide we want to maintain low taxes and big spending after investors stop buying bonds (hard to say when that happens).
The latter would mean people have lost faith in the government's ability to carry out even its most basic functions.
Depending on how carefully I've been keeping those books, quite possibly :)
"It is not about fairness; it is about theft. Selective colleges have admissions spots that they want to award in particular ways. They want to award some based on academic factors; they want to award others based on athletic skill; they want to award others in exchange for cash, but—and this is crucial—really a whole lot of cash. Buildings are not cheap.
...The bribery scheme devalued the asset not only by stealing it and re-selling it for less than it was worth, but also by being so explicitly commercial.
...consultants and coaches are misappropriating the asset and selling it for their own benefit."
https://www.bloomberg.com/opinion/articles/2019-03-13/you-ha...
https://en.wikipedia.org/wiki/L%C3%A8se_majest%C3%A9_in_Thai...
https://www.dividend.com/news/2017/11/03/companies-multiple-...
My experience has been that it goes on for thirty or three hundred lines of problem report -> steps to reproduce -> troubleshooting -> proposed solution -> etc. Two days later someone else gets pulled in so they look at a Jira ticket with an empty description and zero comments...
"Should I work at a startup that puts developers in private offices?" Hell yes!
And by "many American," do you perhaps mean "pretty much just the Space Shuttle Main Engine?" Since that one, has America launched any new staged combustion engine off the ground?
I tend to assume that everyone with that business model dreams of getting out of that business model. You want to develop your own tech and move upmarket somebody else bids a penny less per widget to steal your manufacturing customers.
Confirmation bias! :p
"Tesla said more than three-quarters of orders for the sedan in the year’s final three months were from new customers, rather than reservation holders. That suggests many consumers are still waiting to buy versions of the vehicle at the long-promised $35,000 sticker price."
Of course then in that 60 Minutes interview he all but declared he wouldn't honor his side of the settlement, but we'll see if he follows through on that.