Sockenklaus

Folding@Home uses your computer trying to find new therapeutics by simulating protein dynamics.

Why would that happen? There’s no proof that printing money (while considering the boundaries of the real resources like available work force) automatically leads to hyperinflation.

I see what you mean, but this is not about having a strangle hold on the world or being the world’s reserve currency. This is about having your own currency and collecting taxes in this currency. As long as a country collects taxes in its own currency there will be demand for that currency.

Okay, but even if the USA can’t change the law regarding states bonds, it is virtually impossible that people stop buying US states bonds since the US Dollar is kinda like the most established currency in the world.

So your argument is completely theoretical.

Serious question? Money today is nothing more than a number in an account. When a country needs more of its own currency, it can increase it’s account by that amount.

Then stop selling bonds and start investing directly (build schools, repair bridges, pay your employees, etc.).

Countries don’t have to take the detour through state bonds because they can make money out of thin air. State bonds are a self-imposed and there’s no law of nature that mandates using them.

They seemed to think that tax revenue in some way has to happen for spending to happen.

Noo!

But the federal government creates money ex nihilo.

Yes!

Money has to be created before it can be destroyed through taxation.

Yes!!

We do not rely on the money of the wealthy. What matters is actual, real resources and services we can provide.

Yes, yes and yes!! ❤️

Thanks for your concise explanation of MMT! I wouldn’t be able to phrase it this well. ❤️

Public sector debt is private sector surplus.

Yes! This is the very essence of our monetary system that nobody seems to understand.

No, that is not true. That states sell bonds is a self-imposed rule.

As long as a state collects its taxes in its own currency there will be demand for that currency.

Don’t get me wrong: You’re 100 % entitled to your preferences and your definition of a hobby.

It was just unusual for me to equate a hobby with putting effort and perseverance into something. For me a hobby is something you simply do for your enjoyment in your free time on a more or less regular basis.

But hey: Definitions differ.🤷

Since when is “mastering it” part of the definition of a hobby?

I get that but why is traveling not a hobby?

Whenever possible phrase a question in a way that can be answered in one word.

That’s a good one! I would also add: When asked a question, determine whether this question can be properly answered in one word. If possible do it!

This is particularly directed at my wife 💋

Did you play Path of Exile? If so, how does Last Epoch feel compared to PoE. My favourite aspect of PoE is the hilariously fast gameplay when skilled somewhat correctly and up to this point I didn’t find a loot based ARPG that got to this point.

What’s with Lee Yeong-ae in her role as Lee Geum-ja in Park Chan-Wooks Lady Vengeance?

How is this a technical issue? Seems like your hard drive is working fine?

Exactly! In the past, I would have chosen the red pill to change decisions that I made in the past. But today there are some things in my life that are not directly the result of conscious decisions, but that I would not want to miss.

Hmm maybe I had bad luck but I won’t dare to try again because the experience was so bad.

For me it’s toner for printers: I have a Brother laser printer at home that is not heavily used but at least once a week. I thought I’d save some money when I bought some cheap ass toner from Amazon that cost about half of what a original Brother toner costs and promised something like double the capacity.

Oh boy… I had the worst mildly infuriating two years of printing you could imagine: always disappointed of the printing quality but not THAT disappointed to replace this shitty but still at 2/3 capacity toner. I paid money for that toner so I’d squeeze every last page of shitty quality prints out of this fucking toner!

Last week I gave up and bought an original Brother toner and it’s a bliss. 🙄

Wow that’s a really amazing answer and you sound like a great prof!

Can you tell us a remarkable example where you learned that students today have different need than you had in the mid 2000s?

Is it some kind of generation gap or were you just an extraordinary student when you were studying?