Wouldn't that fit the second criteria since many first generation immigrants don't have the requisite language skills to compete with the native population for middle class jobs.
Except that's what the Fed is trying to correct. Inflation is caused when the money supply in an economy grows at faster rate than the economy's ability to produce goods and services.
> The government finances its operations by issuing T-bills. If nobody is willing to buy T-bills, the government can't get cash to pay government employees, including the FBI, CIA, military, etc.
If nobody is willing to buy T-bills, the Fed will just monetize the debt, which is something they have been doing since 2008.
There's a reason the Fed's balance sheet is now around 8 trillion dollars.
>> They’ll run out of money in 2-3 years if it’s not working.
No. They won't run out of money in 2-3 years, they IPO. Or at least, they did in a zero-interest rate environment.
"VCs pay the angels. PE pays the VCs. IBs pay the PEs. All for the hope of an IPO so the market will pay the IBs."
"The entire market ecology has a tough time adapting to the end of cheap (even free) money, with cash flow, rather than "valuation" being the central focus. Those who entered finance after 2008 are, basically, unskilled labor. Lehman in 2008 was a picnic compared to 2000 if you were doing tech related ventures."
I didn't interpret the parent comment's reference to "automation and robotics" to include "industrialization and specialization". Sounds like a bunch of brogrammers coding up useless growth tech, funded by clueless VC funds. FTX and Upstart comes to mind.
How exactly is "automation and robotics" taking the burden from our shoulders? I live in a single family house. I still need to hire plumbers, electricians, handy men to paint my house, etc. I still need to hover over a porcelain bowl a few times a day and clog it up a few times a year. Toilet augers and plungers to the rescue.
The absolute worst is iCIMS. It's probably used as an obedience/submissiveness test by the recruiters. If you make it through the application process
you've shown that you're desperate enough for this job.
Basically, the reason is that the Government print a lot of money which result in high/hyper inflation, but then create all these obstacles for the locals to run transactions in more stable currencies (e.g. USD). The locals use Stable coins to facilitate transactions that would otherwise be very hard or impossible to perform in local currencies (e.g. buying a house).
Whataboutism or whataboutery (as in "what about…?") denotes in a pejorative sense a procedure in which a critical question or argument is not answered or discussed, but retorted with a critical counter-question which expresses a counter-accusation. From a logical and argumentative point of view it is considered a variant of the Tu-quoque pattern (Latin 'you too', term for a counter-accusation), which is a subtype of the Ad-hominem argument.
In my notes.org file, I collect all kind of snippets, knowledge, ideas, how-tos, and such stuff.
Outlines make it possible to hide parts of the text in the buffer.
A headline starts with one or more stars. A heading has one star, a sub-heading two, etc.
Use the linking feature in ordmode to link items/notes together through references.
Stick with a "File over app", Unix approach. You need to first rely on a directory structures, filenames, plaintext, lists and orgmode.
Leverage Unix tools: unix commands, (rip)grep, git, fzf, etc.