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Joined 3 years ago
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Cake day: June 22nd, 2023

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  • They try to be objective, which is more than most.

    Personally I think some opinion always comes through and generally I prefer sources that admit that and share their opinion on what they’re reporting on. As long as it’s honestly given and not manufactured.

    It’s a bit like film critics. Over time you get to know what they like and what they don’t and that let’s you extract more information. A rom-com impressing a horror fan gives me more information that it appealing to a fan of the genre.

    Similarly, when Owen Jones started criticizing Labour I knew that Labour were leaving a bunch of their supporters behind without needing to be told that explicitly.


  • MS Office, for example is a product with 30 years of development behind it. How do you replace it?

    • You could buy a competing commercial implementation. Something like… Ah, hang on … Google Office or Apple’s offerings or …
    • You could start up a new EU company to develop an office suite. Five to ten years later you may have something that can compete, but that company needed secure investment so it didn’t get acquired over that period. There’s also no guarantee it will succeed. Probably a €250M gamble.
    • Or you can build on open source and accelerate faster. Deploy what exists today and invest in the development to enhance it.

    If you want to minimise risk and move quickly, I don’t see another option.





  • Does anybody have anything other than an “introduction” to MMT? I find that everything I see stops short of answering the questions I have.

    • MMTers will say it’s just a new (more accurate) way to think about how the existing system works, but how does it effect a governments options for policy?
    • They will also say it’s not a license to spend recklessly, as the difference between money issued and money reclaimed drives inflation. This sounds like having a limit on a budget deficit / borrowing to me, so how is this different?
    • They will also stress that it means you don’t have to wait for growth (i.e. increasing tax income) to start government spending as spending is money creation. Fine, but it’s still a feedback loop, and after year 1 why does it matter where the loop started?