Personnally, I belong to the school of « remove them all, whatever the costs ». A little extreme, but €&@% I hate these things.
927 karma · joined January 6, 2015
Personnally, I belong to the school of « remove them all, whatever the costs ». A little extreme, but €&@% I hate these things.
The big issue with trains is that it has an inertia that our brain is not trained to.
As signalling engineers, we get to compute safe braking distances a lot and they are /big/, even at relatively low speed. This means that trains in curves -> do not have line of sight all the way to the next possible stop point <- so the driver may never have the chance to stop if you fall while crossing the track.
So don’t do it. Even at 30mph in curves, you are in danger.
Sigh.
Railway crossings are pure evil. There is no fail safe design that I know of without adding a proximity sensor inside the car (I am a railway signalling engineer). Would love to be wrong though.
This does not make it the center piece. The center piece of Keynesian economics is that state intervention is necessary to moderate the booms and busts in economic activity.
> Milton Friedman did not advocate anything like the arbitrary manipulation of the money supply by the government that is practiced by the Federal Reserve.
Sorry, but clamping the growth of money supply with a k-rule, irrespective of the market cycle, is the arbitrariest manipulation I can think of.
> No, the government printing money and giving it to a few favored parties (.../...)
We can agree there that governments giving money to the already super wealthy is a bad think. But why does it do that? Because same super wealthy have become so wealthy they can influence government.
Which brings me to your case on Rome. The reason why Roman emperors debased their coins was because they had emptied their coffers on other things yet /needed/ to keep the army strong for what was essentially a looting regime to survive. At the end of the day, Emperors are not governments, they are another form of super-rich protecting their short-term positions at the expense of longer term stability.
Ultra liberal economics lead to accumulation of wealth by few super riches. This happens to be one of the reason the Roman Empire fell because all this money could not be spent on keeping the army in working conditions. Super riches of the time hoarded the necessary gold for themselves.
But don’t put that on Keynes’ tab. It’s twistedly wrong.
Importantly, the idea that state intervention is bad for the economy as a universal rule is simply wrong. In the long run, history clearly teaches that mixed economy work (e.g. a la Keynes), while laissez-faire (e.g. a la Friedman) or centralized economies (e.g. a la Communist) don’t. Striking the right mix requires society input in the form of political debate.
We desperately need this to happen now in the West. While I have nothing about Jeff Bezos as a person, but billionaires simply should not be allowed to exist. They are the symptom of a « Laissez Faire » system in terminal state.
But if the entire /job market/ goes remote and access to the net is a public commodity, then you can apply for all jobs /anywhere/. Employees bargaining power increases significantly. Furthermore, any employee can start his/her competing business in an instant.
As a side effect, wages can go down but if you don’t work in the bay area you can come out /better off/.
So it’s not clear if the downside is going to be related to worker’s rights. I am personally more worried on the societal / mental issues with WFH.
https://ec.europa.eu/eurostat/statistics-explained/index.php...