Comment Re:This is a good time to remind everyone (Score -1) 238
This is a good time to remind everyone that when government fucks with markets 40 years ago, they make it hell on everyone for the next 200 years.
This is a good time to remind everyone that when government fucks with markets 40 years ago, they make it hell on everyone for the next 200 years.
I can tell you this:
Apple TV has a popular show. It makes about four million on views versus ten million on production. Per episode.
For their best.
Thereâ(TM)s no money to promote it.
...an article worth considering from Princeton University's Zeynep Tufekci:
We Were Badly Misled About the Event That Changed Our Lives
Since scientists began playing around with dangerous pathogens in laboratories, the world has experienced four or five pandemics, depending on how you count. One of them, the 1977 Russian flu, was almost certainly sparked by a research mishap. Some Western scientists quickly suspected the odd virus had resided in a lab freezer for a couple of decades, but they kept mostly quiet for fear of ruffling feathers.
Yet in 2020, when people started speculating that a laboratory accident might have been the spark that started the Covid-19 pandemic, they were treated like kooks and cranks. Many public health officials and prominent scientists dismissed the idea as a conspiracy theory, insisting that the virus had emerged from animals in a seafood market in Wuhan, China. And when a nonprofit called EcoHealth Alliance lost a grant because it was planning to conduct risky research into bat viruses with the Wuhan Institute of Virology â" research that, if conducted with lax safety standards, could have resulted in a dangerous pathogen leaking out into the world â" no fewer than 77 Nobel laureates and 31 scientific societies lined up to defend the organization.
So the Wuhan research was totally safe, and the pandemic was definitely caused by natural transmission â" it certainly seemed like consensus.
We have since learned, however, that to promote the appearance of consensus, some officials and scientists hid or understated crucial facts, misled at least one reporter, orchestrated campaigns of supposedly independent voices and even compared notes about how to hide their communications in order to keep the public from hearing the whole story. And as for that Wuhan laboratoryâ(TM)s research, the details that have since emerged show that safety precautions might have been terrifyingly lax.
I used to be such a huge Google fan. My businesses spent tens of thousands a month on Google.
But now, I think I spend $19.99 a month on Google. Maybe. I need to cut that off.
I don't use gmail anymore. I haven't used google search in forever. I am using Chrome right now but need to replace it.
Who uses Google anymore? For anything?
Not anymore.
I have merchant accounts and I absolutely can offer cash discounts today.
Higher interest rates would be better for the economy long term as folks save instead of borrow.
High interest rates encourage people to save, and savings creates more secure jobs.
Low interest rates cause malinvestments and create false jobs.
Read Mises, Rothbard about the business cycle. Itâ(TM)s all because of low rates and bad investments.
High interest rates = low inflation, jackass.
High interest rates = higher savings rates = eventually you fix the business cycle that inflation and low interest rates causes.
Read some Mises and Rothbard.
I have no empathy for people who put all their eggs into one basket.
6 months emergency savings in a local bank. Rolling 12 month CD ladder. 401K or IRA in a three fund portfolio. By age 25 anyone making mid-high 5 figures can have a year of income saved, but instead they want tattoos and nice cars and big apartments and every concert memory.
No empathy for slaughtering yourself.
50s here, very high income earner. Never stable income but when it comes, it is big.
I also always saved 10 to 20 percent of my income since my teen years so a firing has no real negative outcome.
My peers and colleagues save poorly to comical effect. When you make six figures you can save five figures and the growth in savings is huge over ten years and twenty years.
I have no tears for my peers and colleagues who refuse to save. Refuse.
Penny's victim never saw him nor did he address him specifically. He did yell "he didn't care" and willing to go back to jail in a car Penny was riding in at the time.
We don't really understand it, so we'll give it to the programmers.