That is true for the goverment printing but the central bank printing its just printing i mean if you follow the chain to the creation maybe the BIS or something. Because when you print money you don't pay interest to anyone so instead of borrowing you could just jump the middleman and just print he is printing anyways. If you borrow you need to pay exponential sums. Using inflation to collect taxes was normal when the logistics were a nightmare. Its dangerous maybe but not necesarily bad and there are a lot of financial gambels done by goverments which are more dangerous.
Thanks. I was talking about the genesis of the first bond. And the debt refers to the debt the goverment of the country gets when "creating money". So that the money created its created trough a loan from the CB. Then the high-powered money serves to cretae more debt money. But its a complex process that i havent studied yet and its allways nice to have a conversation about money.
Thats what i said. Goverments can't print money they need to borrow it from the one that prints it. Also borrowing from normal banks is creating money.
Fiat currency is debt. Its in its definition. Gold coins is gold. But you are right i should have said fiat currency not money. Thanks.
Edit maybe fiat currency is only debt when created through borrowing (like most of the currencys right now). But its a bit ambiguous to me because if it was diferent and goverments were alowed to produce money instead of borrowing it from the ones with the monopoly of money creation. The first time they introduce a surplus of currency to the system or the first time the currency apears the party accepting the currency in exchange for value would be making a loan of value to the goverment or an investment.
Lets not forget that economics is a social science like psychology or history. Also lets not forget that there is no such thing as "fake" and "real" money and that the economy is a social construct. The concept of fake dollars pesos or reales its a valid one but fake money is just nonsense.
I think you miss understood him. Money is just like any good subject to suply and demand. So if a country produces goods that they sell only in their national currency the more you produce of this goods the more demand there is for your money. So imagine there is a fixed quantity of money and a certain level on demand based on the quantity of the wealth produced. If suddenly you stop producing this goods then demand for your currency sinks. If this happens what you are left with is inflation. And all of this without the need to create money. For example the us prints masive amounts of money and they can do so because of the Bretton Woods system. Because the dollar is the international currency they print based on demand for their money that commes from goods produced all around the world by many countries. So it also depends on the power the nation has to oblige others to use their money.
Printing of money to cover for the fiscal deficit is not rare or bad by itself. Inflation can be a form of taxation if the goverment fully controlls the creation of money. The problem is that goverments are stripped from their right to do so and evey cent they create is actually borrrowed from the central bank.
I think that it has something to do with distribution. Most of the business was about distribution. Before it was dificult to distribute the information (music, movies etc) so you needed to hire someone to distribute your product and you paid a company which had the infrastructure to do so. This middle man soon became a cartel controlling distribution. Now distribution is easy and abundant so obviously it changes everything. They were selling a solution for something that used to be dificult that now is easy. Its like if your business was selling water in the desert and one day someone finds easy acces abundant water. Lets remember that most of the money is going to distributors not creators.
What i allways ask myself is for example if someone has an old car which polutes more than a new one, what would polute more to buy a new one or to continue to use the old one. Because producing the new car releases a lot of polutants as well. I have never investigated this.
I think the title is obviously clickbait exageration. Epitech does expect its students to be proficient in english. But many are not at the begining and they find resources in french. I'm also glad to share the knowledge i gathered trough english sources with them. I still think that research and academic life are vital but there is clearly some place for improvement. It is good to challenge the monopily in knowledge some want to have. The oportunity to learn should be given to anyone and internet will change the dinamics in the interaction with knowledge which is power even more than the printing press did. Being prepared for this paradigm shift is vital.
I'm a student at Epitech, 42 it's a fork of Epitech. They have almost the same program. I love the school methodology it teaches you that grades are not important and that learning is your responsability. I think the conventional system teaches students to be insecure persons that are always looking for validation from authority figures.
In this type of system you learn how to search knowledge it changes the pasive role of the student into an active role. Also you learn that healping others and teaching them is good for everyone and never a waste of time. I think the school works really well and one would need to measure the succes of their students in the happiness and sense of acomplishment they have.
The school is not a factory producing identical products. It's a human journey of knowledge seeking and personal developement and everyone developes diferently. At times it's very intensive and people that are not really passionate and motivated drop out.
As an example of what we do this year the first project we worked on was to recode the malloc function in c. To do this we have some videos explaining the basics as well as some introductory excercises. After some research i found that the projects at harvard cs61 are very similar to what we will be doing in the unix module so i used the book they recomend there Computer Systems: A Programmer's Perspective. I read the relevant section and afterwards i coded a lovely implemenation of malloc. I finished in time the project. Some times it is more dificult, for example for the assambler module i found that it is more dificult to find good explanations online. But this time another student explained some key things and afterwards i was coding in intel assembly.
The most dificult information to come by is with respect to parsing and compiler theory or coding in Ocaml. Sometimes i think that if i had a teacher which was an expert in the field this sort of thing would be easy. But the truth is that learning is a personal journey and no one will solve it for us. Education needs to evolve to generate mature people that study and learn because they find that doing so fulfils them and not because they are searching for validation or an external reward waiting for someone to clasify and rank them. Clasification and ranks are subjective and are only means and not ends.
I don't think being a "conspiracy theorist" is delusonal at all if there are overwhelming facts supportig the theory.
When did it become crazy to "...have an explanatory proposition that accuses two or more persons, a group, or an organization of having caused or covered up, through secret planning and deliberate action, an illegal or harmful event or situation." Watergate, Iran-contra, prism, the cia drug trafficking during Vietnam, Cia torture programs. All of them can be defined as conspiracies yet they are true. Something is not false just for being a conspiracy. Almost everything secret agencies do can be defined as a conspiracy.
Yes. I think its a special code that the program sends to the terminal. It comes from the days terminals used to be fisical instead of virtual. Its in the termcap database that corresponds to the terminal you use.