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32-Year Single [chat] Whisky
AtomikaLive fast and get fucked or whateverRegistered Userregular
Tequila is for people who consider the taste of paint thinner a little too subtle
A trap is for fish: when you've got the fish, you can forget the trap. A snare is for rabbits: when you've got the rabbit, you can forget the snare. Words are for meaning: when you've got the meaning, you can forget the words.
We are of the opinion that many of the troubles of the world at the present are due to imprudent borrowing and spending on the part of the public authorities. We do not desire to see a renewal of such practices. At best they mortgage the Budgets of the future, and they tend to drive up the rate of interest--a process which is surely particularly undesirable at this juncture, when the revival of the supply of capital to private industry is an admittedly urgent necessity. The depression has abundantly shown that the existence of public debt on a large scale imposes frictions and obstacles to readjustment very much greater than the frictions an dobstacles imposed by the existence of private debt.
Hence we cannot agree with the signatories of the letter that this is a time for new municipal swimming baths, etc., merely because "people feel they want" such amenities.
If the Government wish to help revival, the right way for them to proceed is, not to revert to their old habits of lavish expenditure, but to abolish those restrictions on trade and the free movement of capital (including restrictions on new issues) which are at present impeding even the beginning of recovery.
The underline in "Watch_Dogs" trips the mental filters I've built to parse english uncompounding, so I read it as "Verb Subject". It sounds like a Facebook-clone of Nintendogs, and it takes me a moment to remember that it's something else.
The underline in "Watch_Dogs" trips the mental filters I've built to parse english uncompounding, so I read it as "Verb Subject". It sounds like a Facebook-clone of Nintendogs, and it takes me a moment to remember that it's something else.
The depression has abundantly shown that the existence of public debt on a large scale imposes frictions and obstacles to readjustment very much greater than the frictions and obstacles imposed by the existence of private debt.
Oh well, next [chat].
this seems like a rather dicey lesson from the two depressions
"and the morning stars I have seen
and the gengars who are guiding me" -- W.S. Merwin
Tequila is for people who consider the taste of paint thinner a little too subtle
"I want to drink, but I also want to hate the entire experience from the first shot to the terrible hangover."
My Ex got really Tequila drunk once and drunk dialed me. I may have convinced her that following that up with a bag of lime fritoes was a good idea. She then got stuck with a hypothermia kid under heating lamps the next morning in the ER. I can only imagine that she achieved a maxed out hangover experience.
a bit complicated. first, only some islamic banking scholars openly endorse that interpretation. it's a neoclassical understanding of debt and interest and investment, so some agree with it and advocate other forms of islamic banking, but some disagree with it and ascribe other characteristics that Islamic banking allegedly has. If there's no common model to start with, it's hard to talk about these, so we can put them aside - but they do exist.
second, of neoclassical understandings, it's correct that all that Islamic banking does is shuffle the labels around whilst keeping the de facto existence of interest. However, the risk is shifted. If markets are clearing, then this doesn't change anything, since all agents involved are compensated for whatever risk they are compelled to take on, and then they pursue their preferred risk-reward tradeoff in their personal portfolios elsewhere. If markets are not clearing, then there is a difference. But then that depends on what imperfection is alleged to exist. Some Islamic scholars make a considerable deal about the risk transfer - the idea that all investors should take on more risk (and possibly be paid more for doing so) - but (1) the core point about de facto payment of interest still stands, and the prohibition should really be on the trading of risk instead; and (2) the analysis implies that resolving the imperfection should remove the harms of risk trading
Real, good tequila is usually pretty smokey, similar to certain varieties of scotch
Mezcal, too
I've had some pretty nice tequila, and I enjoy it usually, but tequila is more likely to give me a weird harsh feeling/taste in the back of my throat than other alcohol. (I'm not sure how else to describe this, but whatever it is seems to happen more often with tequila)
if you are interested in Islamic banking and the social construction of currency, I think understanding why the criticism is wrong is p important
I'm like half-asleep.
But yes, what exactly is the "misunderstanding of accounting" that leads to that criticism?
there's a whole cottage industry of these, so I didn't watch that particular video, but one of the most common ones is a confusion over why nominal interest rates are positive to begin with. this is aided by a confusion between inflation via credit creation and inflation via issuance of the money base, which is where the accounting shenanigans begin, in my experience.
but broadly speaking inflation creates persistently positive nominal rates and not the other way around. underlying expected real rates are positive only if the risk premium is high enough to override the costs of administration, or if technological possibilities are expanding rapidly, both of which are true in a post-19th-century world
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CreamstoutWhat you think I program for, to push a fuckin' quad-core?Registered Userregular
Any Craft Beer I can get my hands on, Rye Vodka/Whiskey, and my own failed attempts at homebrewing.
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ChanusHarbinger of the Spicy Rooster ApocalypseThe Flames of a Thousand Collapsed StarsRegistered User, Moderatormod
a bit complicated. first, only some islamic banking scholars openly endorse that interpretation. it's a neoclassical understanding of debt and interest and investment, so some agree with it and advocate other forms of islamic banking, but some disagree with it and ascribe other characteristics that Islamic banking allegedly has. If there's no common model to start with, it's hard to talk about these, so we can put them aside - but they do exist.
second, of neoclassical understandings, it's correct that all that Islamic banking does is shuffle the labels around whilst keeping the de facto existence of interest. However, the risk is shifted. If markets are clearing, then this doesn't change anything, since all agents involved are compensated for whatever risk they are compelled to take on, and then they pursue their preferred risk-reward tradeoff in their personal portfolios elsewhere. If markets are not clearing, then there is a difference. But then that depends on what imperfection is alleged to exist. Some Islamic scholars make a considerable deal about the risk transfer - the idea that all investors should take on more risk (and possibly be paid more for doing so) - but (1) the core point about de facto payment of interest still stands, and the prohibition should really be on the trading of risk instead; and (2) the analysis implies that resolving the imperfection should remove the harms of risk trading
That's really interesting, thanks!
In this moment, I am euphoric. Not because of any phony god’s blessing. But because, I am enlightened by my intelligence.
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y2jake215certified Flat Birther theoristthe Last Good Boy onlineRegistered Userregular
I really didn't think I could feel worse today but that certainly did it
maybe i'm streaming terrible dj right now if i am its here
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AtomikaLive fast and get fucked or whateverRegistered Userregular
Donkey KongPutting Nintendo out of business with AI nipsRegistered Userregular
Minecraft does have a new mode that feels fresh and fun. Singleplayer, World Type: Amplified, View distance: 16 chunks.
Play it in a dark room, full screen. It's pretty hard, a little scary, but mostly desolate, lonely and vast. Like if you're feeling nervous and empty inside and you want to play a game that feeds back and amplifies this feeling, you gotta try this.
Basically you spawn in on a ridiculous mountain top, relatively safe, few resources, no food, no way down. Then you look around and there's just this vastness stretching out in all directions and you are super helpless, fragile and alone.
Thousands of hot, local singles are waiting to play at bubbulon.com.
Posts
how goes the bass dictatorship
are the wobs absolute
are the drums authoritative
Oh well, next [chat].
things like jose are murder death
"I want to drink, but I also want to hate the entire experience from the first shot to the terrible hangover."
:v: : Gin
Watch(self, Dogs)
juicy is totes not the right adjective for a cake
this seems like a rather dicey lesson from the two depressions
and the gengars who are guiding me" -- W.S. Merwin
I'm like half-asleep.
But yes, what exactly is the "misunderstanding of accounting" that leads to that criticism?
My Ex got really Tequila drunk once and drunk dialed me. I may have convinced her that following that up with a bag of lime fritoes was a good idea. She then got stuck with a hypothermia kid under heating lamps the next morning in the ER. I can only imagine that she achieved a maxed out hangover experience.
It's still fun for like a week and then it gets boring again.
Plus dogs are hella hard to find.
a bit complicated. first, only some islamic banking scholars openly endorse that interpretation. it's a neoclassical understanding of debt and interest and investment, so some agree with it and advocate other forms of islamic banking, but some disagree with it and ascribe other characteristics that Islamic banking allegedly has. If there's no common model to start with, it's hard to talk about these, so we can put them aside - but they do exist.
second, of neoclassical understandings, it's correct that all that Islamic banking does is shuffle the labels around whilst keeping the de facto existence of interest. However, the risk is shifted. If markets are clearing, then this doesn't change anything, since all agents involved are compensated for whatever risk they are compelled to take on, and then they pursue their preferred risk-reward tradeoff in their personal portfolios elsewhere. If markets are not clearing, then there is a difference. But then that depends on what imperfection is alleged to exist. Some Islamic scholars make a considerable deal about the risk transfer - the idea that all investors should take on more risk (and possibly be paid more for doing so) - but (1) the core point about de facto payment of interest still stands, and the prohibition should really be on the trading of risk instead; and (2) the analysis implies that resolving the imperfection should remove the harms of risk trading
Hmm.
But is also fruit.
A man after my own stomach.
I've had some pretty nice tequila, and I enjoy it usually, but tequila is more likely to give me a weird harsh feeling/taste in the back of my throat than other alcohol. (I'm not sure how else to describe this, but whatever it is seems to happen more often with tequila)
there's a whole cottage industry of these, so I didn't watch that particular video, but one of the most common ones is a confusion over why nominal interest rates are positive to begin with. this is aided by a confusion between inflation via credit creation and inflation via issuance of the money base, which is where the accounting shenanigans begin, in my experience.
but broadly speaking inflation creates persistently positive nominal rates and not the other way around. underlying expected real rates are positive only if the risk premium is high enough to override the costs of administration, or if technological possibilities are expanding rapidly, both of which are true in a post-19th-century world
maybe i'm streaming terrible dj right now if i am its here
I'm not overly huge on smoky scotches. I tend to go for Speyside or Orcadian malts.
Play it in a dark room, full screen. It's pretty hard, a little scary, but mostly desolate, lonely and vast. Like if you're feeling nervous and empty inside and you want to play a game that feeds back and amplifies this feeling, you gotta try this.
Basically you spawn in on a ridiculous mountain top, relatively safe, few resources, no food, no way down. Then you look around and there's just this vastness stretching out in all directions and you are super helpless, fragile and alone.
Three people liked this. One was your mom.
if you move the cursor up the first letter after the @ and hit backspace, it will remove it automatically
roll off the tongue and into the gullet
https://www.youtube.com/watch?v=wujVMIYzYXg
hey don't be mad at me i'm no icyliquid
good news?
http://www.nytimes.com/2014/05/28/world/asia/india-pakistan.html