851 karma · joined July 23, 2019
Other software you run is billed relative to your MSU tier. So, if you run z/OS then your cost will be higher if your machine has more MSUs. A weird quirk of this is that there is thing called "IFLs" (Integrated Facility for Linux) which, when I when I first heard of them, I thought was a separate processor designed for for linux. However, it is not. It is actually the same as the regular processors that run z/OS etc, the difference is that is is licensed exclusively for running Linux (or like z/VM to run linux counts too). The reason for this is to enable shops that want to run linux and needed extra horsepower to do so, but didn't want their z/OS bills to go up because they purchased more MSUs. So, despite buying more of the processor capacity within the mainframe, it doesn't count towards the "MSU" number that impacts the cost of various software because you are using with one type of software vs another type of software.
Further, as someone that has spent far too much time and money trying to find the root cause of a particular issue (with absurdly frustrating inefficiencies in terms of being bounced around, insurance nonsense, etc), I am generally in favor of improving our ability to find a lot of information in a manner like this. Doctors are generally good at finding very common issues they see all the time, much worse at anything uncommon. This can be a real problem. I think it could help the world a lot if we had something like this to improve our understanding of more outlier cases, we might find a lot of issues that were hard to catch without that scale of information. I also think preemptive scanning would catch a lot of issues that go otherwise unnoticed for much longer than they should go, something that also happened to me, but is mostly an issue of systemic inefficiencies in our current healthcare system rather than something that this technology is required to solve. In my case, doing some simple checks that they felt weren't necessary because I seemed healthy would've caught it much earlier.
The issue is, Google has mixed the two in a way that promotes the AI response as primary. This has resulted in dubious answers being presented as “official” summaries (to the lay person).
At the very least, one would expect it to be a little smarter—perhaps by automatically doing things like you suggested—instead of basing things off a single source, as it seems to enjoy doing.
I also encourage finding the right tips. Tips are cheap and finding proper fitting ones is important.
> Countries that borrow in their own currency should not worry about government deficits because they can always create money to finance their debt
> Countries that borrow in their own currency can finance as much real government spending as they want by creating money.
MMT is quite clear about limiting factors that make those two statements false, yet the article frames them as "the basic aspects of MMT". To me, those questions feel intentionally malicious and even if not, the survey is certainly meaningless as to the opinions of economists on what MMT actually describes.
MMT folks generally advocate that inflation is the way to measure if the spending is "too much" and argue that spending should generally aim to improve productivity (i.e. increase gdp) to minimize this issue (e.g. spending to build infrastructure so people can get to work is productive vs spending so people stay home is inflationary).
There is this pervasive idea that MMT promotes limitless spending and I'm not sure where it comes from, what they actually preach feels like a reasonable way to evaluate government spending to me.
One does not violate the 4th and the other does (though they do it anyway).
I don't think people realize that a large share of the government's debt is also a domestic asset. It is still something to be wary of and manage carefully but it is not something that I think is wise to eliminate either. The main concern should be making sure it is being used productively and is not exceeding what the growth of the economy can support (which happens when its used unproductively).
I do not follow the logic here, what does that even mean? It seems very dubious. And what happens if one legitimately forgets? They just get to keep you there forever?