Reposting items that I read


How demand for money drives the increase of money and debt

Here we are. 15 Trillion in debt and the world has not broken.

How is this possible? Why haven't we entered hyper-inflation? Or massive civil war? Or deflation?

We have 7 billion people on earth. They are all hungry, need shelter, safety and quality of life. What does that mean? They are all willing to work to the bone to maintain or improve their current condition.

How can we on planet earth sustain a multi-trillion dollar economy?

The answer is obvious. People will always demand money and debt to keep alive. Infinitely.

Capitalism allows the few who control the distribution of work, money and debt to also control the supply of work, money and debt.

The debt never needs to be repaid in full. It only needs to be maintained at the lowest marginal rate. The lowest interest rate. At the shortest term. One day. The over-night lending rate.

F1N1 Virus


Facebook has been cited as the prime reason for the recent American recession. Facebook has spread faster than the ebola virus infecting even users without computers. Children grow up in a world defined by Facebook. This aggressive strain F1B1 is reprogramming human beings down to the last strand in their DNA. As the previous generation had television programming, now we have Facebook programming.

On truth

Perception is not truth.

When someone decides that truth is the ultimate achievement of man; then science, reality, or perception, is not enough. One needs to be patient.

History is a graveyard of brilliant minds who relished in their discovery of truth in their time. (Copernicus, Galileo, and even Einstein) Only to be succeeded by the next brilliance who had the luxury of more experience on the base of multiple sources of evidence.

What humbleness allows is forgiveness. If there is a 'fact' found, a humble person will describe it, test it, accept opinions. And allow criticism.

Truth is continually a distant artifact.

Evidence and the relentless collection of evidence brings us closes to a truth. Our generation is only a fact gathering piece that brings more truth to the collective that is humanity.

Fatherly advice

Buy high quality tools, so you only have to buy them once.
Keep a change of clothes at the office.
Never hit anyone unless they are an immediate threat.
Every hat should serve a purpose.
Never take her to the movies on the first date.
Learn to wet shave.
Nothing looks more badass than a well-tailored suit.
Shave with the grain on the first go-around.
Always look a person in the eye when you talk to them.
Buy a plunger before you need a plunger.
Exercise makes you happy. Run, lift, and play sports.
Brush your teeth before you put on your tie.
A small amount of your paycheck should go directly to your savings account every month.
Call Mom and Dad every week.
Never wear a clip-on tie.
Give a firm handshake.
Compliment her shoes.
Never leave a pint unfinished.
If you aren’t confident, fake it. It will come around.
You can tell the size of a man by the size of things that bother him.
Be conscious of your body language.

Organizational Debt

Organizational Debt is like Technical debt – but worse
Posted on May 19, 2015 by steveblank
Startups focus on speed since they are burning cash every day as they search for product/market fit. But over time code/hardware written/built to validate hypotheses and find early customers can become unwieldy, difficult to maintain and incapable of scaling. These shortcuts add up and become what is called technical debt. And the size of the problem increases with the success of the company.

You fix technical debt by refactoring, going into the existing code and “cleaning it up” by restructuring it. This work adds no features visible to a user but makes the code stable and understandable.

Sick Systems
satyr, drool you bastards, bosom
So you want to keep your lover or your employee close. Bound to you, even. You have a few options. You could be the best lover they've ever had, kind, charming, thoughtful, competent, witty, and a tiger in bed. You could be the best workplace they've ever had, with challenging work, rewards for talent, initiative, and professional development, an excellent work/life balance, and good pay. But both of those options demand a lot from you. Besides, your lover (or employee) will stay only as long as she wants to under those systems, and you want to keep her even when she doesn't want to stay. How do you pin her to your side, irrevocably, permanently, and perfectly legally?

You create a sick system.

A sick system has four basic rules:

Rule 1: Keep them too busy to think. Thinking is dangerous. If people can stop and think about their situation logically, they might realize how crazy things are.

Exclusivity. Scarcity. And value.

Simply put, humans place a higher value on an object that is scarce, and a lower value on those that are abundant.

Siebel tips: Speeding up the remote client login

Add the following tag to the [ServerDataSrc] sectionof the thick client's CFG.

UseDictionaryInTransactionLogging = FALSE

The Modeler’s Hippocratic Oath

The Modeler’s Hippocratic Oath

I will remember that I didn’t make the world, and it doesn’t satisfy my equations.

Though I will use models to boldly estimate value, I will not be overly impressed by mathematics.

I will never sacrifice reality for elegance without explaining why I have done so.

Nor will I give the people who use my model false comfort about its accuracy. Instead I will make explicit its assumption and oversights.

I understand that my work may have enormous effects on society and the economy, many of them beyond my comprehension.


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