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Hahhaha. you gave me some good laughs. Thanks!

Then why bother to begin?, at least until you decide where to. If my statements, not arguments, just statements, are as badly flawed as you say, then everyone will see it and there is no need for you to go out of your way to explain the obvious. :D

Bitcoin, which began as a tool to carry out money transactions that were difficult if not impossible to trace has morphed into a gambling medium. There is nothing behind it other than supply and demand. And the demand now comes mostly from perceived riches. If the perception fades, so too...

Don't change your moral position, but please rethink. We are not facing a choice between darkness and light; rather it is between darkness and hope. We must go with hope because darkness is so much worse. The long journey toward light begins with a small step. We reach our destination only...

Electrochemistry. (The part of chemistry that deals specifically with electron transfer reactions.)

As a scientist (in a former life) I'm always cautious when hearing the media, or those not directly involved, giving their appraisals of announced scientific advancements. By the time the general public hears about this stuff we might think it is too late to jump on the bandwagon, but in my...

You can answer your own questions if you understand why the yen would be sold and the dollar bought. It you don't have any idea why this would occur and what might change to make the dollar less attractive relative to the yen then you shouldn't be involved in forex markets.

Jeezus, I just looked up Munger's age. He' 99!!! He looks like he could be a good candidate for hormone replacement therapy. :D

you're still good!

And limit sugar intake.

Was that 2.6% the APR or before closing costs? If you did that at 2.6 APR, then you made a very smart decision.. It is almost an arbitrage if you buy Treasury securities or CD's. (I think of true arbitrage as being virtually zero risk.) To get an APR on an equity loan at 3 or below, both your...

It's because your money's unit value has nothing to do with how hard you worked to get it. You had to work hard to get it because it already had value and apparently there was no one around willing to give you money (because it was valuable) unless you worked for it. Of course, from a personal...

81.

Maybe rethink this. Our newly created "dollars" don't exist until the are spent into the economy. It is the actual act of deficit spending, as authorized by Congress, that "prints" the new outside money that appears in the private sector economy the instant it's spent into the economy...

Actually someone has to work for most dollars that enter the private sector economy because most dollars enter when the government decides to buy something that requires the private sector's time and energy to create. I guess the exception might be certain types of transfer payments such as the...

You're right! We sold war bonds to finance WWI. Big time debt! After the war ended (1919?), Wilson wanted us to pay off our war debt, so taxes were increased to retire the war bonds as quickly as possible. Naturally that threw the private sector economy into recession, just as we would expect...

If you modify this slightly to "there is no debt as long as what you call "debt" is denominated in the same money units you can print without limit," then you've got it. Unfortunately, there is such a thing as price inflation.

I think there are some very confused people here including myself.

However what we call U.S. "debt" has nothing in common with private sector debt. Do not think of personal finances when you are thinking of government finances. They are two entirely different things.

Yes. Inflation is a valid concern.