Why would anyone hold 30 year bonds escapes me in the first place

Ok I have to ask since I've stumbled upon these guys way too often now. Just who are these people? 😄

That's simply is the default mode and has been for a long time, I don't even think "they" need to find any specific reason for increasing the money supply

I'd like to see this implemented in all major central banks' offices: committee members would meet underneath the block, and whenever their forecast don't match up, one of the threads gets cut.

Enjoy the party people!

Joined already and waiting for the party to start, let's find this block! 🫡

"It's of use and of service to all citizens". Why not explain how?

Love this, in the words of Emerson: "Insist on yourself; never imitate. Your own gift you can present every moment with the cumulative force of a whole life's cultivation; but of the adopted talent of another, you have only an extemporaneous, half possession. That which each can do best, none but his Maker can teach him. No man yet knows what it is, nor can, till that person has exhibited it. Where is the master who could have taught Shakspeare?"

Fair enough, we have to acknowledge his legacy on academic economics though. He might have opposed a continual increase in the money supply, but this did not prevent schools such as the "New Keynesian Economics" to argue that, since prices are sticky, i.e. do not adjust immediately, monetary policy is effective in increasing the money supply since in the short term the government/central bank can use it as a tool to reach their goals.

Agreed, maybe a bit depressed at times but at least he's not one of those fake YouTube thumbnail personalities. He certainly brings some real world vibes back to YouTube

I'm not sure whether this is a critique on his part, or merely a statement. Think about his "masterly manipulation" quote

I thought I was the only one who knew about this guy!

Is data being stored forever by relays though? I remember seeing some relay implementations that deleted old events by default, but I can't remember which and most importantly can't tell whether that's how the vast majority of relays operates

You might want check this blog post by Paul Gramah on the topic: https://paulgraham.com/writes.html "If you're thinking without writing, you only think you're thinking."

It's pretty incredible that central banks, which are the cause of inflation, are depicted by the media as being the institutions in charge of taming inflation and bringing it under control.

Nice! Tried to login on Chrome android but couldn't, it would be great if it supported login via bunker

Do you know whether there have been any more announcements about it?

Why would you say it's only network effects (unless you guys are talking specifically about demand for one kind of money over another)? The way I see it is the following: money is demanded fundamentally because of uncertainty, i.e. economic agents don't know what they need in future and how much of it they might need. They don't even know what might be available in the future in the first place, so at virtually no point will somebody refuse to have more money for the same amount of effort, whereas one might stop wanting more units of a particular good or service for obvious reasons.

Also this: https://www.sciencedirect.com/science/article/pii/S1057521914001070 I'm beginning to think the vast majority of people simply don't care about truth. Too hard to look at how things really are