henfredemars

Never work for free. Do what you’re paid to do, and nothing extra. To do otherwise means you don’t respect the value of your own time.

Arguably healthier than pretending you will live forever.

We are making new debt to pay the old debt plus interest. What could possibly go wrong?

Not yet. So far, interest rates aren’t going crazy, meaning that investors expect to be paid and feel that government debt remains safe.

I don’t know of many households that own a money printer. The debt is a problem for sure, but so far, no signs of a meltdown nor the spending coming under control, and inflation at 2% seems to be something we’re giving up on.

It is not literally true. The author is making the claim that the US is insolvent based on book assets and liabilities, but the finances of a government are very different from other financial entities where this simple view is no longer accurate. The US has unique assets, such as the ability to tax its citizens or manipulate its own currency to satisfy debt. What is the value of infinite money or the power to obtain it on demand? Thus, the government has theoretically unlimited assets that are not directly comparable to any business or individual. It can make assets out of thin air.

Insolvency only becomes relevant for governments when they’re unable to satisfy debts and investors no longer believe that they will be repaid. The short-term bond markets are still strongly of the opinion that US debt is virtually risk free. Until we see a large spike in short-term interest rates, insolvency? Absolutely that’s hyperbole. By that assets-based definition, most governments are insolvent right now.

Perhaps it’s a fallback plan in case the universal Internet ID thing doesn’t work out. Gotta keep the masses stupid and uncoordinated.

Interesting read but title is extreme hyperbole.

I don't hate systemd, but age ID verification? Risks to my privacy grossly outweigh any benefit.

I wear them over my regular pants.

I feel bad when I forget how to program one that I haven’t used in a while.

I can't do that because it's real. I just waded into that cesspool of a site to verify for myself.