 | Last login: 5 hours agoJustmoon is a 22 year old guy from Zürich, SZ, Switzerland. Welcome to my profile. My new website is on the way, so check it out soon at justmoon.net. |
 Share This- 100 Amazing How-To Sites to Teach Yourself Anything | Rated Colleges
 9:05am  (26 reviews) self-improvement http://www.ratedcolleges.com/blog/2009/1...- Learn new stuff from the comfort of your own home. One of the best things about the net.
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- Residents want sign promoting atheism removed - Miami, Fort Lauderdale...
- Jul 3, 3:32pm (135 reviews) http://www.wsvn.com/news/articles/local/...
- From the page: "I don't know the reason for putting this sign up," said Big Mama. "It says 'Do not believe in God.' How are we going to make it? Look at our schools, everyday. Everyday there's something going on. Kids are out here killing each other, kids are here using drugs. Who else are they going to believe in?"
Themselves.
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- Couple Ordered to Stop Holding Bible Study at Home Without Permit - Local...
- May 28, 6:31pm
 (30 reviews) http://www.foxnews.com/story/0,2933,5226... - I kinda miss one little piece of information: How many "friends" do they have at their bible study? Can't shake the feeling that the author left that out for a reason. I mean if it's 750 friends, I would understand that whole "major use permit" thing. As shitty and biased as today's reporting has become I wouldn't be surprised at all if that were the case.
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- http://www.topatoco.com/graphics/qw-cheatsheet-print-zoom.jpg
- Apr 15, 5:00pm (251 reviews) humor http://www.topatoco.com/graphics/qw-chea...
- Time machine cheat sheet! Too bad time travel is a paradox, so much fun you could have with a time machine. ;)
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- http://rockpapercynic.com/strips/2008-12-08.jpg
- Apr 6, 4:48am (117 reviews) philosophy http://rockpapercynic.com/strips/2008-12...
- Cute idea! Teddy bears instead of therapists.
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- mandolux&171;
- Mar 16, 1:18am (49 reviews) computer-graphics http://www.mandolux.com/
- Gorgeous wallpapers for large monitors and multi-monitor setups.
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- Scanwiches
- Mar 11, 12:41pm (97 reviews) bizarre http://scanwiches.com/
- Pretty cool idea!
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- 100 Days to Restore the Constitution | Center for Constitutional Rights...
- Mar 9, 7:56am (10 reviews) activism http://ccrjustice.org/100Days
- Could not agree more. Constitutional rights and protections are easy to lose and hard to regain.
I think that Nixon's pardon was the moment when the law of the land seized to apply to the US president. Which by definition is the very moment when the US was no longer a republic.
Outside Independence Hall when
the Constitutional Convention of 1787 ended,
Mrs. Powel of Philadelphia asked Benjamin Franklin,
"Well, Doctor, what have we got, a republic or a monarchy?"
With no hesitation whatsoever, Franklin responded,
"A republic, if you can keep it."
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- Lets KickStart America!
- Mar 4, 4:24am (6 reviews) http://www.kickstartamerica.org/
- So many folks don't understand what a recession is. A recession happens when people have made bad estimations and adjustments have to be made. The dot-com crash occurred because people overestimated how much this new technology will really improve our lives. There was over-investment. So stock prices had to fall, companies had to fail in order to stop this misalignment of resources.
This time, people overestimated the value of houses. House prices had been rising and at some point they continued to rise largely because people thought they would continue to rise. So now, house prices have to fall so they can once again reflect the true value of the property.
Another very important job of a recession is to make sure that the idiots who made the bad judgments go bankrupt and/or lose their jobs, so they can't do any more damage. Also the people who have trusted such investors should lose a good bit of money. A market economy only works if smart people who spend their money wisely get richer and well, that can only happen if dumb people who squander their money or simply don't care get poorer. It's sad, but we need the efficiency so we can all life in relative prosperity and still have enough money to save the environment or land on the moon or whatever we want to do.
So pretty much the worst possible action you can take in a recession is to do a bailout. To give money to those banks who invested badly while saying "fuck you" to those banks who invested wisely. This does two things. Firstly, it delays the recession, which - as I explained earlier - is a necessary adjustment. So the the badly aligned resources are badly aligned a little longer, which delays and weakens the growth that typically follows a recession. A stimulus can be a good idea, but only if your goal is to delay the recession. You can't "stop the downward spiral" or "kickstart the economy". There is a ground floor level that the economy is trying to find, any money you pump in at that point is going to slow the fall now and likely cause inflation later. Secondly, a bailout ensures that incompetent people stay in power. This is by far the bigger problem. If you lose all your money because you put it into an irresponsible bank, you will think very carefully about what bank you trust next time. So banks will do everything to prove they are trustworthy in order to convince customers to trust them with their money. They would have disclose more information about their investments, they would perhaps use simpler financial constructs that are less prone to fail in the way the packaged morgages did and so on. It all depends on what customers demand. However, if nobody loses a cent, nobody will learn, nothing will change and we will run into the same trap again.
A more practical problem with the KickStartAmerica plan is that it won't have much of an impact. If 500.000 people indeed all try to buy 20$ of stock at once then the price will rise very quickly until the 20$ won't really buy very much anymore. Then when it's all over people will try to sell at the high price and so the price will very quickly go back to it's original level or very slightly above. That's not to mention the fact that 10,000,000$ in total investment volume probably won't even put a dent in the Dow anyway, since there are billions traded every day. However since these will be many tiny transactions, participants will pay insane brokerage fees at least in relation to the amount invested. So brokers will certainly love KickStartAmerica.
Anyway, sorry for the rambling, just trying to spread some economic thinking - a crisis is always a good time for that. :)
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- They were all in love with life, drinking from a fountain...
- Mar 2, 6:57am (93 reviews) computer-graphics http://www.jnack.com/adobe/photoshop/fou...
- Neat trick! Shows two little known Photoshop functions that come together here in a pretty useful way.
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