1,291 karma · joined February 12, 2012
As an example, with housing prices so high there was a surge in homebuilding. No one really needed or wanted all those homes, so the demand for ex. shingles was artificially high. It would make no sense to introduce some kind of stimulus program to prop up the shingle market to its housing bubble peak. Nobody needs or wants that many shingles at that price.
The issue I take with the article is that their study compares growth levels during recovery to growth levels right before a market crash. It's not sensible; of course the latter will be higher, that's how market psychology works. It doesn't make sense to think of "potential growth" as "the highest growth we've seen."
Example: our corporate customers decided to buy 5 more widgets in 2007 than in 2008 because they saw the economy improving, mostly due to the growth of household on-paper wealth and the associated increase in consumer spending, and were forecasting a growth in their own business. When the housing market collapsed and consumer spending fell off a cliff, those customers no longer had any reason to buy the extra widgets.
In that way, you can say output is artificial. A large mass of people spending above their means because of a perceived increase in wealth, along with other psychological factors, leads to an economy with rising demand. When it turns out that wealth increase was a phantom and those psychological factors disappear, there is less demand for widgets and thus output decreases.
Output isn't "how much we can make," it's "how much we DO make." The amount we produce is proportional to the demand for that product.
As he should. Fusion is still at least twenty years away, the same as it has been for decades. We need to work on solving these problems now and not depend on the possibility of magical future technology to clean up our messes for us.
Of course, I can't comment on whether or not it is actually usable in a real-world environment, just that the techniques do exist.
[1] https://en.wikipedia.org/wiki/Stalin_%28Scheme_implementatio... [2] https://justindomke.wordpress.com/2009/02/23/the-stalin-comp... [3] http://www.ffconsultancy.com/ocaml/ray_tracer/languages.html
I would argue that it's a difference in quantity which produces a difference in kind. When the "papers" in question contain e.g. a complete history of your location for the last four years, along with all of your communications to everyone you know, any search of those papers is by definition open-ended.
Donor makes a donation to a politician, which is anonymized. That money is then temporarily escrowed, along with all other recent donations, and the money trickles into the account held by the politician over a certain period of time. That way, donor can't say to the politician "$3mil coming your way, it's from me." On top of that, all donations are refundable so the politician can't trust that the donor actually gave them money and didn't revoke it.
The point of the concept is to limit the information flow between the donor and the politician. The politician can't find out who donated the money, or how much came from a single source, and they can't trust outside information about who their supporters are.
"This is a huge deal in the case of SSL/TLS, for example. If I use the Dual-EC PRG to generate the "Client Random" nonce transmitted in the beginning of an SSL connection, then the NSA (sic) will be able to predict the "Pre-Master" secret that I'm going to generate during the RSA handshake. Given this information the connection is now a cleartext read. "[1]
So, Clyde Frog can figure out your RNG state and predict what key you will generate for your TLS session. That's how they obtain the private key.
[1] http://blog.cryptographyengineering.com/2013/09/the-many-fla...
Flywheel storage systems would be a great idea to supplement renewable energy, or even to supplement our current electricity generation technologies. Peaking plants are crazy expensive and most of the time base load pretty greatly exceeds actual usage; it would be great to be able to store some of that energy and use it instead of a peaker.