conservation of Euros
in [Design]
|
Prev: Which type of volatile RAM has the least duration of data remanencewhen power-offed?
Next: Analog Circuits (world class designs) B. Pease
From: John Larkin on 17 May 2010 01:29 On Sun, 16 May 2010 21:09:07 -0700 (PDT), dagmargoodboat(a)yahoo.com wrote: >On May 15, 9:27�am, Bill Sloman <bill.slo...(a)ieee.org> wrote: >> On May 14, 10:52�pm, John Larkin >> >> >> >> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: >> > On Fri, 14 May 2010 11:29:35 -0700 (PDT),Bill Sloman >> >> > <bill.slo...(a)ieee.org> wrote: >> > >On May 14, 5:18�pm, dagmargoodb...(a)yahoo.com wrote: >> > >> On May 14, 9:51�am, John Larkin >> >> > >> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: >> > >> > On Thu, 13 May 2010 22:16:49 -0700 (PDT), dagmargoodb...(a)yahoo.com >> > >> > wrote: >> >> > >> > >On May 13, 5:02�pm,Bill Sloman<bill.slo...(a)ieee.org> wrote: >> > >> > >> On May 13, 8:20�pm, dagmargoodb...(a)yahoo.com wrote: >> >> > >> > >> The argument for progressive taxation is usually put in terms of those >> > >> > >> with the broadest shoulders carrying more of the load. >> >> > >> > >Right. �That's how the Little Red Hen got a hold of all the other >> > >> > >animals' bread, greedy thing that she was. �She had broad shoulders. >> >> > >> > >> This falls a >> > >> > >> long way short of Marx - >> >> > >> > >Marx was kind of an idiot. >> >> > >> > >"The average price of wage labor is the minimum wage, i.e., >> > >> > > that quantum of the means of subsistence which is absolutely >> > >> > > requisite to keep the laborer in bare existence as a laborer." >> > >> > > � --The Communist Manifesto >> >> > >> > > �See what I mean? >> >> > >> > Yeah, he wouldn't understand a female plumber making $150K. >> >> > >> > What created our modern wealth was engineers applying science. >> >> > >> Yep. �They made machines to relieve human toil, to improve the human >> > >> condition. >> >> > >> Evil capitalists. �Marx the Moocher should've stopped 'em. >> >> > >Some of the capitalists were quite evil, as Martin Brown has pointed >> > >out elsewhere in this thread. Trade unions were one of the mechanisms >> > >that reigned in the greedy, evil, short-sighted minority. >> >> > No. Competition did. >> >> Comptetion was one of the other mechanisms, once anti-trust >> legislation had forced the greedy, evil and shorted sighted >> capitalists to compete rather than conspire. > >Conspiring is harmful. Why, though, is it bad for capitalists, yet >infinitely good for labor? > >Conspiracies among competing capitalists are inherently unstable. Like >OPEC, the players have competing interests; squabble, the alliances >fall apart, and they resume competing for advantage. It's a beautiful >thing. > > >James Arthur So we don't so much need anti-trust laws, as long as murder is illegal? John
From: Bill Sloman on 17 May 2010 05:37 On May 16, 1:11 am, Joerg <inva...(a)invalid.invalid> wrote: > Bill Slomanwrote: > > On May 13, 5:59 pm, Joerg <inva...(a)invalid.invalid> wrote: > >> Bill Slomanwrote: > >>> On May 13, 3:46 pm, John Larkin > >>> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >>>> On Thu, 13 May 2010 02:34:35 -0700 (PDT),Bill Sloman > >>>> <bill.slo...(a)ieee.org> wrote: > >>>>> On May 12, 7:57 pm, John Larkin > >>>>> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >>>>>> On Wed, 12 May 2010 10:13:56 -0700 (PDT),Bill Sloman > >>>>>> <bill.slo...(a)ieee.org> wrote: > >>>>>>>> I don't harvest; I think. > >>>>>>> An unconvincing claim. Your "thinking" reflects your indolent habit of > >>>>>>> picking up predigested nonsense that fits your fat-headed > >>>>>>> preconceptions. > >>>>>> I've been calling you a fathead for years. You can't even design > >>>>>> original insults. > >>>>>>> In this thread you've claimed that the euro can't be stable currency > >>>>>>> because it shared across several countries with different economic > >>>>>>> strengths and weaknessess, while failing to note that the US dollar is > >>>>>>> shared across the united states of America - running from Alaska to > >>>>>>> Wyoming (neither of whose economies look much like California's). > >>>>>> But we only have one government. > >>>>> Your states don't have legislatures and governors? > >>>> They aren't allowed to print money or regulate big financial > >>>> institutions. Most must balance their budgets. The trouble that > >>>> California is in now will be fixed by California. The trouble that > >>>> Greece is in now will be fixed by Germany. > >>> Do pay attention. The trouble that Greece is now in will be fixed by > >>> Greece. The EU - as a whole - will under-write Greek borrowing until > >>> that happens. The Germans have had quite a lot of influence on the > >>> requirements imposed on the Greeks in return for the guarantees, but > >>> the Greeks have to do the work. > >> Do pay attention: > > >>http://www.europeanvoice.com/article/2010/05/german-parliament-clears.... > > >> Quote: "Members of the Bundestag, Germany's lower house, approved a > >> state-backed guarantee for the loan ..." > > > It's you who needs to pay attention. The EU - as a whole - is under- > > writing the Greek borrowing. The individual memebers of the EU have to > > pass legislation to approve their particular country's part of the > > package. The Dutch lower house approved the Dutch component recently. > > It's still a collective decision. > > So, what exactly does "state-backed" mean in your opinion? That the individual states guarantee that their particular portion of the loan will be paid by that particular loan if Greece goes bankrupt? What else would it mean? > Your notion that "The trouble that Greece is now in will be fixed by > Greece" will IMHO not come to pass. You are making a prediction, based on the little you know about the situation, heavily influenced by what you've read in the US mass media. As opinions go, it doesn't carry a lot of weight. > They are unlikely to be able to fix the > damage that living beyond their means for years has done. Why? The US - which has been running a hugge balance of payemnts deficit since Regan was president - would suggest that you might be right, but the money market hasn't yet got around to labelling US treasury bonds as risky investments. The Greek credit rating has now gone through the floor, and they've got no option but reform. > It's other European countries who will fix it, also countries > overseas such as the US (via IMF). The IMF has a one-size-fits all solution for every country that gets into serious debt. It does seem to be based on the prescriptions of a group of particularly unrealistic US economic theorists, and tends to do serious damage to the real economy in the process of restoring the credit rating, but international credit rating never did have much to do with reality, as we got to see when the sub-prime mortgage crisi hit the fan. Be that as it may, the Greeks have run out of options, and they will do what every other government has done when they fall into the hands of the IMF, which is to follow the - stupid - prescriptions. -- Bill Sloman, Nijmegen
From: Bill Sloman on 17 May 2010 05:56 On May 16, 9:54 pm, John Larkin <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > On Sat, 15 May 2010 15:26:08 -0700 (PDT),Bill Sloman > > > > <bill.slo...(a)ieee.org> wrote: > >On May 13, 5:59 pm, Joerg <inva...(a)invalid.invalid> wrote: > >> Bill Slomanwrote: > >> > On May 13, 3:46 pm, John Larkin > >> > <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >> >> On Thu, 13 May 2010 02:34:35 -0700 (PDT),Bill Sloman > > >> >> <bill.slo...(a)ieee.org> wrote: > >> >>> On May 12, 7:57 pm, John Larkin > >> >>> <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >> >>>> On Wed, 12 May 2010 10:13:56 -0700 (PDT),Bill Sloman > >> >>>> <bill.slo...(a)ieee.org> wrote: > >> >>>>>> I don't harvest; I think. > >> >>>>> An unconvincing claim. Your "thinking" reflects your indolent habit of > >> >>>>> picking up predigested nonsense that fits your fat-headed > >> >>>>> preconceptions. > >> >>>> I've been calling you a fathead for years. You can't even design > >> >>>> original insults. > >> >>>>> In this thread you've claimed that the euro can't be stable currency > >> >>>>> because it shared across several countries with different economic > >> >>>>> strengths and weaknessess, while failing to note that the US dollar is > >> >>>>> shared across the united states of America - running from Alaska to > >> >>>>> Wyoming (neither of whose economies look much like California's).. > >> >>>> But we only have one government. > >> >>> Your states don't have legislatures and governors? > >> >> They aren't allowed to print money or regulate big financial > >> >> institutions. Most must balance their budgets. The trouble that > >> >> California is in now will be fixed by California. The trouble that > >> >> Greece is in now will be fixed by Germany. > > >> > Do pay attention. The trouble that Greece is now in will be fixed by > >> > Greece. The EU - as a whole - will under-write Greek borrowing until > >> > that happens. The Germans have had quite a lot of influence on the > >> > requirements imposed on the Greeks in return for the guarantees, but > >> > the Greeks have to do the work. > > >> Do pay attention: > > >>http://www.europeanvoice.com/article/2010/05/german-parliament-clears.... > > >> Quote: "Members of the Bundestag, Germany's lower house, approved a > >> state-backed guarantee for the loan ..." > > >It's you who needs to pay attention. The EU - as a whole - is under- > >writing the Greek borrowing. The individual memebers of the EU have to > >pass legislation to approve their particular country's part of the > >package. The Dutch lower house approved the Dutch component recently. > >It's still a collective decision. > > http://www.timesonline.co.uk/tol/news/world/europe/article7127621.ece > > http://www.bloomberg.com/apps/news?pid=20601087&sid=aqquuYOAN_sE > > It's bizarre that this is happening. But you may recall that I've been > ranting for years about Europe's demographic time bomb. I didn't > realise that there was a shorter-fuse fiscal bomb too. So currency traders think that they can talk up the sort of wobbles in the exchange rate on which they can make money. It's bizarre that you can't recognise this for what it is. But you've been out of touch with reality for years. If the current generation's choices about family size were to persist for ten or twelve generations, they might make a significant difference to Europe's racial make-up, but this does implicityl assume that they are genetically determined, rather than primarily influenced by the local culture, which changes rather faster. Immigrant groups reliably get to look like the host population in a couple of generations, as you'd know if you had gone to the trouble of finding out about the subject, rather than recyclig idiot editorials from right-wing web-sites If there is a short fuse fiscal time bomb under anybody's economy, the victim is more likely to be the US which has been running a massive balance of payments deficit since Regan was president. That is more than twenty years now, so perhaps that particular fuse isn't all that short. -- Bill Sloman, Nijmegen
From: Bill Sloman on 17 May 2010 06:00 On May 16, 3:15 am, John Larkin <jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > On Sat, 15 May 2010 15:48:29 -0700 (PDT),Bill Sloman > > > > <bill.slo...(a)ieee.org> wrote: > >On May 13, 6:27 pm, John Larkin > ><jjlar...(a)highNOTlandTHIStechnologyPART.com> wrote: > >> On Thu, 13 May 2010 08:53:35 -0700 (PDT),Bill Sloman > > >> <bill.slo...(a)ieee.org> wrote: > > >> >> >Actually, I know that it isn't important - if you have a tertiary > >> >> >qualification from a European educational institution, you are going > >> >> >to be fluent in English. What I don't know is why you think otherwise > >> >> >- I could ask you to explain, but I don't fancy being directed to the > >> >> >irrational output from some right-wing propaganda mill. > > >> >> So, you don't know much about the world. > > >> >Or so you'd like to think. You still haven't told me why you think > >> >that language is important in this context, but retreated behind your > >> >earlier - unsupported - claim. Bankers have been managing financial > >> >trasactions across linguistic boundaries for the past few thousand > >> >years. It isn't difficult, and they've had lots of practice. > > >> I'd explain, except that you told me just above not to explain. > > >No. I told you not to get your explanation from your usual suppliers. > > I do my own thinking, so I'm the usual supplier. One could scarcely dignify it as "thinking". > But surely, as worldly as you are, you can figure it out yourself. As I've done. I've also figured out that you don't know what you are talking about, and seem to think that repeating a fatuous claim is all that you need to do to establish it's credibility. -- Bill Sloman, Nijmegen
From: Bill Sloman on 17 May 2010 06:27
On May 15, 10:15 am, Greegor <greego...(a)gmail.com> wrote: <snip> > Sloman seems to be some kind of idealogue, > a sort of cartoon of liberal thought. > > What other people might easily recognize as > indoctrination and propaganda, he blithely > considers to be factual scientific education. > > Any ideological challenge is an assault on his religion. Gregor post his opinions without reference to any external evidence, and complains that what I post - which does refer to objective and widely recognised facts, which I do point to - is "indoctrination and propaganda" while it is actually pointing out that his kind of opinion does reflect his exposure to precisely that kind of misinfomration. > It seems like when liberals live in very liberal places > they start believing their own BS and they get > into the "crowd mentality" or "riot mentality" > where they presume they are superior and > they are large and in charge. Sometimes they get > so carried away with this they do outrageous > things. Like invading Irak? > It seems to be akin to "risky shift" in juries > or "confirmation bias" in scientific endeavors. > > Police routinely whack a few heads and it > breaks the mental spell. Reality bashed Dubbya's head quite hard in Irak without breaking the mental spell that had taken hold of the neo-cons, and still seems to infest whatever it is that you use instead of a brain. > Consider Sloman's advice and ""proof"" > almost as you would advice on US > economics from a Russian Stalinist. Consider Gregor's advice and **proof** exactly was you would economic advice from a US monetarist. Not that Gregor bothers to point to anything remotely ressembling objective evidence to support his silly ideas. If I thought that he could think, I could claim that it was because he knows that such evidence doesn't exist, but in fact he doesn't understand the concept of evidence in the first place, and thinks that his delusions have to be true just because he believes them. > Ask him how he likes capitalism! Unbridled free market capitalism generates a series of booms and busts in the economic environment. The free market is a good device for matching supply and demand, but it does need a stabilising mechanism. Keynes described one such mechanism which works pretty well, though it can stall the economy in a state where it grows more slowly that it ideally could. His followers have worked out some improvements, but politicians don't like their prescriptions and prefer the plausible nonsense they get to hear from monetarists, so we get more booms and busts. -- Bill Sloman, Nijmegen |