This would be more convincing if it wasn't from a site trying to sell me gold. Do people really believe that the mechanization of clothing production in the industrial era has made no difference to "real" prices?
This is a almost entirely oversimplified take on the Great Depression to the point of meaninglessness
For a decade before Black Thursday,there had been many things that were signs that the economy was having trouble even if the "Roaring Twenties" made it seem like everything was fine.
IMO the largest issue was that American farm sector was teetering on the edge because of the dramatic drop in crop prices. This deflation screwed over farmers who mechanized with lots of debt, which because of said deflation, became impossible to pay off.
The fed also implemented rate hikes to curb speculation right before 1929 which froze up credit contributing to deflation
The problem of the Great Depression was NOT the stock market crash, it arguably wasn't even the real start, just the most "spectacular" one. The problem was that with the entire economy deflating, it caused a massive downward spiral that the Fed did not really have the tools to fix, because of Gold Standard and lack of legal authorization.
This was why the Govt went to extreme lengths to try and figure out how to raise prices, which is why you get programs to pay farmers to NOT grow food, and mass killings of pigs and cows and other farm animals, even as the farmers who raised those lifestock went hungry.
So no, speculation was not the problem, it just sparked the key issue of the fact that the economy was deflation uncontrolled, but was just hidden.
This is a complex topic and I think you have done a good job of summarizing the main issues. To add a little context:
>...that the Fed did not really have the tools to fix, because of Gold Standard and lack of legal authorization.
This was just bad policy by the Fed. The Fed had the legal authority to be the lender of last resort and could have prevented the bank failures. Many explanations have been given over the years as to why the Fed didn't provide liquidity. Because the Fed failed to supply emergency liquidity, the U.S. money supply plummeted by nearly 30% over the next couple of years, which essentially turned what likely would have been a recession into the Great Depression.
This is not to say the gold standard was not a problem. During the 1930's, leaving the gold standard was one of the few good moves done to help the economy by the federal government.
Oh, nice! It looks like Converse.js has added it just two months ago, but I haven’t been able to find anything for Dino (only complaints about as old as the latest release, about the newest OMEMO not being supported). Was it shipped very silently, or are they perhaps planning to add it in an upcoming release?
Generally speaking, if demand stays high, and existing suppliers don't increase supply, the high prices create an incentive and opportunity for new market entrants to increase the supply.
Yes, "quickly" is obviously industry-dependent. If they were fabricating something extremely easy to manufacture, "quickly" might mean months-to-a-year. Fabricating something very complicated like memory "quickly" might mean years.
That said, even though we might have to wait years for new supply to hit there market, we probably don't have to wait years to see signals of that. We will likely know that manufacturers are starting to build new supply long before we see the chips hit the market.
In the current environment unless people start decommissioning datacenters en masse supply will be locked up till the early 2030s IMO.
Even if you started a new fab today, it's 5 years till it comes online. The great hope here is that China's DDR5 yields represent a high reject rate of an enormous amount of new capacity that they'll dump into the market to get a sovereign capability in that area.
My wife had fair phone 4, and it was unusable. It was only time she replaced a phone prematurely. She cares a lot about camera though, and likes to take pictures. Her main complaint was that the camera took like 5 seconds to start, so she'd miss the moment. And when it did finally start the quality was really bad.
I tried using it a bit but I couldn't stand how unresponsive it was.
I don't know if their later phones have gotten better,I hope so, because I love everything about that company except their (previous) products.
I think Gen6 should be good enough for basically everything from what I read, but I haven't tried one live yet. The other option is a Pixel 9-something once the 11 is out. but I like the e/OS support of the Fairphone and at some point I want to jump ships.
The fairphone 6 is much better! I've found it to be pretty snappy and the screen quality is nice. Can't speak to the camera quality, but the startup time is not slow.
The War Department has not existed since the passage of the National Security Act of 1947 and the government department has been known as the Department of Defense under US law since the act was amended in 1949. If you have an issue with it, take it up with Congress.
Changing a domain name doesn't actually amend federal law.
Just like how changing Kennedy Center letterhead to Trump Kennedy Center for a year didn't actually legally rename it.
Once a case with sufficient standing got in front of a judge it reverted to the actual legal name on the basis that only Congress can change the statutorily defined name.
I’m also unclear on what’s better than perplexity if you want accurate information (and not just to write Harry Potter fan fiction or whatever)
I finally switched off ChatGPT premium when I asked a simple question (“which terminal is this airline”) and it was so confidently wrong. Perplexity referencing sources and trying to double check accuracy is great IMO.
Weird. I have used Perplexity various times over the years and every single time it was confidently wrong about a good 50% of what it was saying. In particular, it would cite references that said the exact opposite of what it claimed they said, or references that had nothing to do with the topic at hand and were only tangentially related, etc. My coworkers have reported the same, so it's definitely not just me.
In short, I really don't know where Perplexity's reputation of "being accurate" comes from. It's anything but.
The Austrian school does not dominate academia, not even close. Even the Wikipedia article you linked to says it's a heterodox school, meaning it's not mainstream.
I used Lit components in a large FE project, enjoyed doing so and am happy with my choice. I don't use the shadow DOM at all.
The project is Converse.js, an XMPP chat client. It's an old project that was originally created back in 2013 with Backbone.js.
I first replaced all templates with `lit-html` when I first heard about that, and then when lit-element (and now "lit") came out, I started rewriting the project to use that.
This app has since been integrated into many different websites that rely on other frameworks like React and the fact that Converse.js is a web component (<converse-root />) makes this easier.
The ratio of one ounce of gold to one productive beef cow has held for a hundred years, and plausibly for around 5,000 years.
A single ounce of gold could purchase a quality tunic, sandals, and belt in Ancient Rome and still buys a fine tailored suit in the modern era.
https://findbullionprices.com/blog/gold-purchasing-power-wha...
reply