obviously he's talking about the part of the brain that matters. Nobody is comparing anything to say the part of the brain that controls your heart rate. You're just being pedantic here.
Comments like this should be banned from HN. It's used deliberately and manipulatively to characterize the other person as "unhinged." It does not promote useful discussion and is a clear violation of the rules.
I just have a lot to say, and I like to use capital letters to express it. It doesn't justify tactics like this of "chill bro". If you have a response, just say it.
When we start to lose our minds the unguarded core functionality of the system becomes more and more exposed. And as it becomes more exposed it starts to look like chatGPT.
Because as much as we don't like to admit it, maybe chatGPT does model a core aspect of human cognition.
>Even regulators are regulated. There are laws that prescribe what the Fed can and can not do, and how.
I mean sure, you can say that. The US government is regulated too. But in general the government IS the regulator of the people just as the central bank IS the regulator of monetary policy.
You're not dealing with the geniuses. You're likely just dealing with people smarter than you. I can assure you geniuses are rare, and people of the same intelligence level tend to gather so you can go through a career completely missing them depending on where you work. There's enough noise such that among these groups you won't notice the correlation.
Tbh the geniuses don't view their own code as shitty, to them it's quality. It's only viewed as shitty externally.
It's the genius programmers who write the shittiest code. In my experience clean code tends to be a waste of time for geniuses because shitty code isn't really a problem for smarter people.
The further away you are from genius the greater the tendency for you to write cleaner code because you need it in order to deal with the complexity.
What's common among HN readers is that they think they're smart. So you may be reading this and thinking "Wait a minute, this isn't true! I'm smart and I like clean code!". Well, I hate to break it to you. The truth hurts because most likely one of those two attributes probably doesn't actually describe you.
Also as a side mention, I'm a clean code Nazi. My code is really clean.
> I have great sympathy for your argument, and agree with the gist of it.
I'm not making an argument. I'm stating the current status quo of the US. No argument was ever made here about whether I think it's right or wrong.
>That's not true. Many central banks have lots of regulations on them. However, they are not regulated by the kind of competition you outlined above.
It is true. The central bank is overall unregulated because the central bank IS the regulator. In the same way a government is unregulated so is the central bank. In the US the central bank is more or less the fourth branch of the government.
You're talking about "many central banks." while I'm simply talking about the Federal reserve in the US. I think you're mistaken, I'm not making a general statement about how central banks across the world works.
>For one, loaning money to banks is only one part of what the Fed does. They also outright buy and sell assets (eg in open market transactions). In many instances, the banks (technically) lend money to the Fed by having positive account balances at the Fed.
This is true. However one of the primary ways they influence the money supply is through interest rates. Interest rates are also one of the triggers of the SVB bank run.
>For a contrasting example on how interest rates don't need to be the focus of monetary policy, have a look at the Monetary Authority of Singapore. Instead of using interest rates as a channel to communicate and effect their monetary policy, they use the exchange rate of the Singapore dollar to a basket of foreign currencies. Crudely, instead of 'setting' the interest rate, they 'set' the exchange rate.
They don't need to be, but they ARE quite central in the US. Additionally given how the US dollar is sort of the central peg of all other currencies, the US would rather the Dollar remain the Rate at which all other currencies are set against. That way the US in a way indirectly and collectively controls the worlds monetary value.
I didn't offer any opinions in my initial reply. I'm simply stating what's going on in the US about the nature of the reserve ratio and how it doesn't matter when applied to SVB. It seems you're trying to make an argument here against one I never made?
If I get a loan from Bank A, then I use that loan to pay a person who deposits the IOU into Bank B. Bank B will go to Bank A and demand the money in cash because it's a competitor bank. If bank A has zero cash on hand they immediately hit a bank run, so basically bank A wants to keep a certain ratio at all times.
Thus through the existence of competitor banks, banks are NATURALLY incentivized to keep a reserve ratio. A reserve ratio enforced by law is not necessary in a capitalist economy with healthy competition. Competition prevents banks from going crazy with creating money out of thin air via loans. The removal of the reserve ratio by the government is relatively inconsequential.
However this natural regulation through competition is negated by the existence of an entity without competition. The central bank. The central bank functions as an entity that loans money to banks with interest. It is this interest rate that is used to regulate the money supply in the US. Low interest rates are what caused inflation and high interest rates from the central bank are what are now being used to stop inflation.
So in this case Bank A can now borrow a bunch of money from the Central Bank thereby increasing it's reserve ratio allowing it to lend more money out. In a sense, the central bank is essentially the entity where the fractional reserve ratio actually matters.
The central bank is unregulated so they can print money to loan to other banks however much they like. Thus a bank run on the central bank is impossible. The ratio in this case matters more as a metric that correlates with inflation.
I still disagree. It's just not that hard. I can explain by comparing it to art.
Artistry is hard and artistry is basically the same thing as design but harder.
Let's take something like say painting. Painting requires a lot of skill. Why? Two reasons. The sheer amount of ways to compose paint into a painting is astronomical. Much much much More then the amount of atoms in the universe. The amount of these paintings that would be considered "art" is also astronomical in number but the ratio of art to all possible paintings is minuscule in number and can basically be rounded to zero. This ratio and the actual huge numbers plugged into the ratio illustrate how hard artistry is.
How about building art or designs with legos? Suddenly it's easier. Why? Because the number of ways legos can be composed in a limited space is much smaller then the ways you can compose paint on a canvas. This is because lego Blocks have specific rules. Two lego blocks have a countable number of ways they can be composed, two brush strokes can be positioned with enough variation that composition is more or less infinite. This is why designing something in legos is EASIER than painting. In fact this is the part where the word "artistry" starts to transition to "design". In legos it can be said you are "designing" a structure. Basically when the skill involved with the creative endeavor becomes significantly easier we tend to transition from artistry to the word "design". It's not a hard rule but definitely a generality that exists.
I look at these constructs made by a "lego artist" and I know I can ALSO make those big constructs if I had the will and time to do it. It's a feat of enduring tedium and not much skill. But the mona lisa in oil paints? you need skill to render that.
Do you see where I'm going here? What's system design if not putting together lego like primitives? It's trivial. The only thing you need here is knowledge about how the primitives work and how they compose. That's really the only challenge.
Heck you can even write a program that has all possible "boxes" as primitives with the right composition rules and just brute force evolve a design through random compositions. Each design has what? at most 40 primitives in a typical design? Maybe 200 total primitives? Let's make it 10,000 total system design primitives just to be excessively generous. Even at that number, system design is easy enough that it's a candidate for genetic programming.
Do you think such a thing can be accomplished with pixels? Randomly generate a square of 1000x1000 color pixels until you get something that looks legit? Running it at 5000 generations per second you probably won't get anything legit before the sun goes super nova. You'll need to switch out of random walk to machine learning to get anything artistic.
Those teachers may be married and/or have daughters. A single male SHOULD be questioned.
> You are applying a double standard to homosexual males that society does not apply to heterosexual males.
Again simplistic logic. A double standard does not preclude it from being true. You have to see motive. Your link isn't evidence for anything. Can you read the minds of those teachers? Do you know if anything happened behind closed doors?
By virtue of once being a young single heterosexual male with no children I know how these men think. A high school teacher at an all female school is not only fighting external forces of how he's perceived but the internal forces of his instincts. If an attractive female HS student makes a move, the temptation is real.
Typically for males, though, the consequences of such violations are a hundred times more severe then if a female did it so you tend to see female teachers violate this rule more regularly.
Male leaders tend to have daughter(s) or family in the troop thus the incentives are aligned. A single male is rarely the troop leader.
There is a reason to suspect a single heterosexual male joining a girl scout troop for the same reason you'd suspect a single male joining an all female yoga class.
There's a degree of common sense here that's being deliberately ignored. If a pedophile who's never acted out on his desires becomes a scout leader it is completely logical and wise to question his intentions as it is to question the intentions of a male girl scout leader or a gay boy scout leader.
You have to look at circumstance and evidence and nuance. You can't just build simplistic logic of "this exists and therefore the following must be completely true". No. Life is much more complex such that if your own child was part of a troop and ANY person who matches the profile of the characters described above MUST be questioned for the safety of your child.