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richcollins

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By analyzing plant remains in the cave, Humphrey's team found that residents ate lots of a particularly sweet type of acorn, which becomes soft and sticky when cooked. They also ate wild oats and legumes. Such foods can lead to serious decay,

Building tools for fact-checking and helping people decipher fact from fiction will become increasingly important to keep the electorate informed

Sadly the electorate doesn't care about being informed. They seek out news that confirms their world view. Any information that contradicts their world view is deemed "fake news".

Author missed option 3:

Do contract work at $250 an hour or equivalent compensation in shares at >= series B funded startups. Choose the level of risk you're willing to accept in cash vs equity. (Nearly) completely avoid politics and other office related BS. Take vacation between gigs if you like. Get a very broad variety of experiences at different companies and get a good feeling for what companies are willing to pay for should you decide to start your own.

If bitcoin was used as widely as the USD this would never have happened. It happened because of weak depth in the bitcoin markets (i.e. not that many people are trading it).

Stellar 12 years ago

The gateways will be targeted for regulation until they are no different than modern banks.

How about this?

each Licensee must obtain the superintendent’s prior written approval for any plan or proposal to introduce or offer a new product, service, or activity, or to make a material change to an existing product, service, or activity

Everyone is making decisions about spending their capital every day so decisions are quite distributed.

I think you meant that it works better when capital is evenly distributed. I don't know if that is true but there seems to be lots of evidence that it doesn't work well when its distribution is largely determined by who can steal the most (as is the case with the current system).

They can afford it if they can create something of value that you're willing to accept in return. If they can't then that is the real problem. You have to ask why they can't create enough wealth to trade for the things they want / need.

Nobody creates the jobs, they exist to be discovered. If you adopt the viewpoint that other people create jobs for you then your fate is not in your own hands.

People want things. If you can create something that other people want and they can create something that you want, you both have a job.

The Economy 12 years ago

It seems unlikely to me that we're anywhere close to diminishing returns from technology. More likely we're seeing what happens when a system is full of perverse incentives that reward unproductive / destructive behavior.

The Economy 12 years ago

Why will high Debt-to-GDP or government spending send the economy into a recession?

Do you agree that it is a problem at some point? If so then why not at current levels?