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Joined 2 年前
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Cake day: 2023年7月5日

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  • Basically the equivalent of RAID 5 in terms of redundancy.

    You don’t even need to do RAIDz expansion, although that feature could save some space. You can just add another redundant set of disks to the existing one. E.g. have a 5-disk RAIDz1 which gives you the space of 4 disks. Then maybe slap on a 2-disk mirror which gives you the space of 1 additional disk. Or another RAIDz1 with however many disks you like. Or a RAIDz2, etc. As long as the newly added space has adequate redundancy of its own, it can be seamlessly added to the existing one, “magically” increasing the available storage space. No fuss.









  • To my understanding the Philips curve doesn’t even depict an expected increase in unemployment due to monetary stimulus. It depicts a relationship between (lower) unemployment and (higher) wages, and therefore at some level of (low) unemployment, (higher) inflation, due to people having more money to spend. In the short run. This is in relation to government stimulus (Keyensian policy) that lowers unemployment. It says that stimulus can lower unemployment at expense of higher inflation. Not that stimulus leads to unemployment. In fact rising unemployment during stimulus is an example of the model breaking down over the long run, according to what’s written here.

    You expect corporate profits to revert to the mean with cooling inflation, but this year, within our current higher interest rate environment, with inflation near target, corporate profits are at an all time high.. Sorry no data at my fingertips for Canada but the processes are the same. They even say that margins to GDP are at all time high. If prices rose because workers had more money in their pockets chasing the same goods due to stimulus, we wouldn’t see profits rise significantly more than wages. We wouldn’t see margins increase. This therefore can’t be wage-driven inflation. Which also means the Phillips curve doesn’t even apply here. I don’t know what else to tell you, but looking at BoC policy and population, without factoring in the market power of large firms in every consolidated market to set prices is bound to lead to incomplete conclusions and predictions. That’s kinda like considering that (level of) competition doesn’t have real effect on prices, irrespective of other variables.





  • I’m really jaded on whether reforming tax and investment law is a sustainable solution. Because the countries that did that are all trending in the direction of reversing those changes as capital accumulates and gains power over the political system and people (voters) themselves. Even in high union density places like Finland where unions and reformist socialist policy have slowed this process you can see people electing governments on austerity for the many. A policy squarely favouring their rich class. This speaks to erosion of the understanding of why the previous regulatory regime was introduced, who it benefitted, what would be the long term results of abandoning it, how things were before it. And this erosion isn’t random. There’s all sorts of information channels through which the rich convince people in explanations about the world that favour the rich. I hope there is some ingredient that if added would avoid this in the future for a very long time, but I’m not too hopeful. High prevalence of worker co-ops perhaps. I don’t know. Jaded I tell you!



  • When it comes to non-asset price inflation, there’s plenty of analysis already showing the largest proportion by far came from increases in corporate profit margins - a profit-led inflation.

    You cite the Phillips curve model as if it’s an infallible oracle. At this point we know that not only it doesn’t always hold (e.g. stagflation contradicts it) but also its predicted effects break down in the long-run.

    Your hypothesis for inflation in assets doesn’t hold up for housing prices, at least not everywhere. The GTA market has been flat after falling from the 2022 spike and it’s currently hovering 2021 levels:

    Rents on the other hand have increased on the basis of the population growth, housing shortage, and interest rates hikes but even those have slowed a bit:

    Some of what you’re saying is obviously true but the majority increase in non-asset inflation did not come from that. You’re going about cheap labour driving equities, presumably through higher profits since that’s what equities track, but don’t point to the recognized arbitrary price increases that increase those profits. This is what labour cost vs profits actually look like for some of this period:

    I think it doesn’t look like those profits came predominantly due to cheap labour. Which leaves the other factor. So it seems like profit-led inflation is a larger contributor to equities going up. And we know as much since some execs have said that in plain language. So even some of the equity asset inflation is linked to the arbitrary price hikes.

    This stuff is really important because if people are pointed to the wrong cause, they ask for the wrong solutions, and then we’re confused as to why things keep getting worse. The low-interest / QE asset inflation explanation that worked well in the 2010s is not well suited to what’s been happening post-COVID. We’re all seeing prices going up in non-asset markets left front and centre even during high interest rates. And we’re all seeing corporations posting record profits. The consolidated players in every major part of our lives are the better explanation to all this. And when you add their ability to exert power over the political system in their favour, it gets even clearer. For example they drove increased TFW immigration. Modifying monetary policy doesn’t remove their market power over the consumer market, labour market and their political power.


  • Even climate change as a problem is largely driven by the oligarch class. The working class would have been alright driving the smaller cars used to drive in the 2010s, and would have likely been okay climate action even in the late 80s. Especially since the cost would have been much lower if action was taken at that time.

    That is if the oligarch class did not wage relentless propaganda on climate change science and any solutions, instead promoting the fossil fuels industry which they own.




  • This line about “It’s as easy as leaving Ukraine” was only somewhat true in the beginning when it was more of a “special military operation” and less of a war. As others have pointed out, a lot has changed economically and most likely politically. Putin isn’t an absolute master that can do anything on a whim with no repercussions whatsoever. Like any other place and time, the ruling class only gets to rule if enough of the working class isn’t destitute. If the ruling class gets enough people into poverty, heads are very likely to roll.