skysight-inc/HackerNews huggingface dataset:
That’s a common misconception. What you have described is called the money multiplier model, and is absolutely incorrect. That’s exactly what the Bank of England paper is saying.

An additional point of reference is the Basel rules, which are pretty clear on this, if you care enough to read a few dozen pages of banking regulation.

> “And with what do the banks lever up their capital? (What is the indirect object of that sentence?) The answer, of course, is deposits.”

Incorrect. It’a a little more abstract than that. Bank credit doesn’t exist as anything but numbers in a database. Deposits are IOUs from the bank, which are increased when the bank lends, and mortgages are IOUs from people to the bank. If everything just stayed within the single bank, they wouldn’t need any existing deposits at all, or any reserves! What you need the reserves for (one source of which is incoming deposits from other banks, or cash deposits, or cheques from the Government) is interbank settlement. But the bank needs only a small fraction of the actual volume of transactions, because they are generally going both ways, and transfers are only a small fraction of the actual amount of bank credit that exists. That’s how the bank maintains solvency.
A good starting point for those who want to learn something about the FED: https://www.youtube.com/watch?v=mQUhJTxK5mA

Just the basics, but I doubt these are obvious to everybody.
>(A) it's really hard to work on machine learning without a lot of data, and it's often hard to get that data without actual users using the product in roughly the way it's supposed to work, and

Delusional; if it's really hard to get it to work then it's really hard to get it to work; investors should not believe "if only we get the data"

>(B) the company can prove there's commercially significant demand for the user experience that they hope to be able to eventually do with some algorithms/AI technology, and thus can attract investor capital for making the thing actually work (potentially years later). In some cases, the human-powered product might actually be really good, and the economics might work in.

Delusional - if the economics work then everyone would be doing it, there's no money in it, the investors should only invest if they understand that rooms full of transcribers will be needed - with all the management, recruitment and security issues that brings.

This is what the last wave of voicemail transcription companies tried; they all went bust with scores of millions of loss. Be warned.
I haven’t seen any conservative raked over the coals for arguments about libertarian economics or foreig policy.

Almost invariably, they face backlash for opinions on gay marriage, trans issues, immigrants, and race or gender discrimination.

Do you think criticism of Damore would have been as fervent if he circulated a memo calling for deregulation and tax cuts?

Don’t muddle the waters by mixing up opposition to conservative economic or foreign policy with opposition to racial and gender equality and tolerance of LGBTQ.

Identity politics sets people afire far more than abstract economics for precisely the reason that it is personal and often something that’s a fact of your birth or upbringing which is not a choice.
Thanks. That didn't cost a new car; you missed the point.
So basically I deposit $1000.

Someone else goes to the bank and says ‘I want to borrow $1000’

Great the bank says, approved. And they set up a bank account for you that says you have $1000 in it.

Now they’ve got $1000 in reserves and 2 accounts that claim to have $1000 in it.

Now when you withdraw $500 where does that money come from? I can assure you it’s not from the banker’s wallet. That’s coming out of my deposit. Not from my account because my account still says they have $1000 on hold for me, it comes from the actual cash I deposited. (Which of course isn’t actually cash in most cases)

None of that matters in practice because unless everyone tries to withdraw all the money at once there’s plenty to cover all the withdrawals, but they are definitely using money from deposits to cover withdrawals.
It's more a function of language complexity than anything else. LSP for something like C, Java or TypeScript is not that hard, because the language is fairly straightforward to parse, and not ambiguous. But something like C++ or Rust, where you have to deal with templates/generics/traits/... and type inference starts getting gnarly. And something like JS or Python is hard because there are no static types at all, and you have to do inference.

But LSP itself doesn't really make it easier or harder. If you look at other code completion implementations (in IDEs that don't use LSP), they're usually at a comparable level, if they exist.
Will you be interested in a wordpress database merging tool?
Boston Dynamics Robots Run, Dance and Flip, But Are They a Business?
I totally agree with PG here. This is also how Steve Wozniak designed the first Apple hardware
Public figures are much less protected. Imagine if this were not the case: most of the people responding to Trump's tweets would be in prison for defamation/libel now.

A random ordinary American would be protected from such accusations.
It's a little more than a technicality. It's to do with the order of processes.

Essentially there is nowhere in a modern bank where they go "if deposits <= 0 deny loan"

Yet I see that time and again in economic models that supposedly have banks in them.

Bank lending and the treasury backfill process that manages the equity buffer are parallel processes that are linked by price not quantity.

That means that banks will and can lend to any and all creditworthy customers they get prepared to pay the current price of money.

It's a dynamic system that can expand and shrink based upon the demand for credit.
Deposits have two sides on the books: liability to the depositor, and cash as asset. They don't lend out the liability, they lend out the cash. That converts one asset, cash, into another asset, loans. I don't see this as misleading to say that they lend out deposits.

Yes, in a more realistic situation, they'll be using their assets as security for borrowing short term money that they lend out long term, so it's not exactly the same money, but it's still involved in the same risks.
Because they're typically running locally they're quick, or at least as quick as your hardware will allow. The json-related latency is typically dwarfed by the latency from actually doing the functionality (parsing the code for code completion, etc).

So the real work is in having a good story for incremental compilation and a generally quick and robust compile toolchain. I guess that Go is in a good position here ...
The key word is "relatively". You're comparing it to protocols that are designed to process much heavier loads than what typing generates. And don't forget that processing is usually asynchronous, and can be spun off to a separate thread, so you get one just for protocol handling.
Only in America you'd see someone disagree with this.
The Lean Startup approach specifically recommends doing something like this as a "concierge MVP" to gauge customer demand before actually building the automation technology. It's a general approach, not anything specific to AI. Of course the underlying assumption there is that the technology is actually feasible.
Is idling legal in the US? It's been forbidden in the UK since 1986 or before (Road Vehicle Regulations (1986)) although not very enthusiastically enforced. Similarly in Scandinavia.
When attaching non-passive events at document level "the entire page is marked as a non-fast scrollable region." - this is the default thing that's happening in React, since events are attached on the document. We really need passive events in React
You can't deposit a $1000 unless either a bank or the state created it first. Those greenbacks are just receipts for a deposit at the Fed created by prior government spending.
In my opinion, we cannot compare blockchain and AI : blockchains are a type of data structure based on hashes, while AI is a wide and fuzzy concept with different meanings over the years.

Process automations and "AI" (let's say, complex autonomous systems) are parts of a bigger picture which is the digitalization of the society. Sometime, they are sold as a drop-in replacement for current human processes, but it actually works in only a few common cases.

The issue with AI and automation is not necessarily a technical one, the issue is the shift to a different ownership model, trust model, maintenance model and faster improvement model than the ones being believed possible, or currently in place for the last decades.

It's not that software cannot replace people, rather that big corporations are resistant to changes. We don't need to introduce AI to see the internal inefficiencies of big employers...

Technologies fundamentally change the meaning and content of "work", but people cannot fundamentally change that fast. Budgets cannot change that fast, investments cannot change that fast, regulations cannot change that fast, etc. There will be a lot of preliminary work to do in changing the educational system, regulations and also changing the redistribution of wealthiness, before "AI" actually happens.
According to GP's linked article it's true when looking at the banking sector as a whole. For a single bank it seems like more of a technicality.

Also from the article:

> For example, if all of the deposits that a bank held were in the form of instant access accounts, such as current accounts, then the bank might run the risk of lots of these deposits being withdrawn in a short period of time. Because banks tend to lend for periods of many months or years, the bank may not be able to repay all of those deposits — it would face a great deal of liquidity risk.
If a narrow bank makes money and pays taxes on the money it makes, then how would that be free loading?

Also, are you implying the current banking system does not free load from the government?
I am not sure where you saw that banks are not using deposits to fund loans. For instance if you look at lloyd's balance sheet [1]:

loans 482,752
cash and afs (liquidity pool) 100,619
trading assets 163,878
other 64,860
total assets 812,109

Deposits 447,928
trading liabilities 50,877
wholesale funding & capital 140,828
Insurance liabilities 103,413
other 69,063
total liabilities & equity 812,109

I believe the trading assets, trading liabilities and insurance liabilities must have to do with their insurance business and sort of net each others. What is left is basically 450bn of deposits and 140bn of capital and wholesale funding, funding 480bn of loans and 100bn of liquidity.

Now cash is fungible, and you cannot point to a particular asset and say that a particular liability is funding this asset. But overall, deposits are funding loans.

[1] https://www.lloydsbankinggroup.com/globalassets/documents/in...
If a literal link to their code of conduct with the motto in tact isn't enough to convince you, then I don't see what will. You're free to keep spreading misinformation as you please.
Thanks for sharing that, it really helped me unlock some mental pathways for me.
As the article quotes one soldier there was a mai Lai every month. You make it sound like this was a fact in the article. One unnamed soldier claimed that.

And I think the free fire zones were much more centered on artillery and air strikes and not ground infiltrations just walking and shooting whomever they wanted to, but it’s still horrible the disregard for human life.

But to state as you do that civilian mass murder was the goal, that’s false. The goal was war of attrition of actual combatants. What they did was not care or let civilian casualties stop them from trying to carry out that goal. Still horrible but come on there is enough bad stuff to point to without exaggeration and misleading.
Nope, that’s not quite it, because if somebody puts $10 in the bank, it creates $10 of assets (cash or reserves) and $10 of liabilities (deposits) so it doesn’t give the bank anything they can do anything with, apart from liquidity.

The only way it can work is if writing a mortgage creates an asset (the loan), and then a new liability is made to match it (a deposit of the same amount).

The security is 100% the bank’s capital, since any assets (cash/reserves) from deposits have matching liabilities.

The article I linked above from the UK’s central bank is confirming that all modem banks work the way I am saying.
I thought PC-Mag and Dvorak were both already dead. How long has it been since either one was actually relevant?
You don't need reserves for interbank settlement either. That's actually a centralised optimisation to reduce collateral requirements.

At root if you transfer your deposit to another bank that target bank becomes the depositor in the source bank. Or the transfer can't happen.

Banks then shuffle those deposits they have take on around until they are happy with the risk. That's interbank clearing.
I don't read PC Mag, and don't care to review so much material. Considering his long career and fame though I consider it uncharitable to assume he's made no right calls in that time.
There's a difference in the way people see this here in Europe, because here a "probable cause" is not needed for searching for drugs. Particularly at the border controls, everyone is subject to searches.

(Same applies for e.g. DUI testing on the roads; the police has the right to take alcohol test of any driver, without anyone looking like they're driving badly.)

Any arbitrary seizure, if only based on dog indication, is of course a horrible miscarriage of justice.
He said people would still be using napkins in the year 2000
If the Vianamese were over here what percentage of Americans would be in active opposition immediately? What percentage after almost everyone saw friends and relatives slaughtered?
Withdrawals go elsewhere and the central bank system then lends them back to the original source.
In aggregate you just end up with a lot of label swapping.
All that changes is the cost of the liabilities.
There's no need for animation to highlight changes. E.g. if a new item appears suddenly in a list, it can use bold text so it stands out. It can then immediately change to non-bold when you interact with it. This has the additional advantage that the change is obvious even if you were looking away when the item appeared. I've never seen a UI animation that was better than no animation.
It's been a long time since I did eco101, but I thought the multiplier was what made it possible for a bank to receive a $10 deposit and loan out $100.
>> Delusional; if it's really hard to get it to work then it's really hard to get it to work; investors should not believe "if only we get the data"

Not having sufficient data to train a machine learning algorithm is a legitimate concern. Statistical machine learning algorithms are very bad at generalising, so they need lots and lots of examples of every possible variation of a concept, in order to model the concept well.

That is why everyone's going gaga over "the new electricity" (by Andrew Ng's saying). So in some cases, yes, there are applications that are impossible to develop without "the data".
Only 1) the Basel framework of bank regulation which has been internationally adopted, and
2) explanations from the Bank of England (linked above) which categorically states that this is actually how banks work. The Deutsche Bundesbank has also published something to this effect, and the Governer if the Reserve Bank of Australia talked about it in a speech the other day [1].

1. https://www.rba.gov.au/speeches/2018/sp-ag-2018-09-19.html
Or, if one has no good reply to real arguments, it's possible to reach for unrelated emotional ones.
Renewable Energy: Can We Solve the Problem with Batteries?
The world's largest and most positive burrito experience was so enormous that it had to be photographed from an airplane.

http://costena.com/famous.html

On May 3rd, 1997 La Costeña of Mountain View, California created the world's largest burrito. The burrito weighed in at 4,456.3 pounds and was measured at 3,578 feet long. It was created at Rengstorff Park in Mountain View.
How is the Boost/PyPy integration? Sure, there's cpyext, so in principle a Boost-generated extension can be used by pypy.

Are there any changes which would make Boost-based extensions better integrated/supported by PyPy?

The linked-to document only talks about Cython and cffi.
Hi, can you explain the:

> tcp-request inspect-delay 10s

line, under "http_req_rate" section. In the article you wrote: "The second line is what inserts or updates a key in the table and updates its counters.". I think with that you were talking about the third line and that you skipped the second line in the explanation.
The money multiplier has always been a simplified model that doesn’t actually explain how any modern real-world banks work.
When lloyds creates another loan it automatically creates the matching deposit.
You get both a mortgage debt and a credit asset when you take out a loan. You then transfer that credit asset to somebody else to pay them.
But it is the loan that creates the credit asset in the first place.
Deposits have no quantity control function on lending. It's only ever a pricing issue.
How do you deal with performance problems? I mean to add an element to a list you need to create a copy of the list and then add the new element, all in order to remain functional. Isn't that very expensive?
Could be that once you've reproduced and sufficiently cared for your offspring, it's preferable that you don't waste resources on yourself. Contentment and even apathy could be beneficial (from an evolutionary perspective) at that point.
> This isn't the first time something like this has happened.

This has been happening for centuries: https://en.wikipedia.org/wiki/The_Turk
Previous discussion about CTRL Labs [0].

I am very interested in this technology, and I actually went in on the Myo armband Kickstarter, hoping for something like this. As I've stated in the previous discussion, I generally like the Myo, but its range of gestures is narrow and it unfortunately increases my movement cost quite a lot compared to using some hotkeys.

For input devices, my number one concern is a cost function based on movement. And a huge penalty is applied to any device that makes me move my wrists off of my keyboard to use it. So an external mouse on a mousepad? Fuckin' hate it. The trackpoint on a Thinkpad, though, for example, is at the top of my list of "novel" input devices that I consider as essential to my computing happiness as having a keyboard (or any kind of mouse for GUI input). The Myo armband increases my movement cost quite substantially, so even though I like it and it's not a scam and it generally does what it says on the tin, it's not something that I'll use very often, let alone supplant the ole keyboard and mouse/trackpoint.

I think this technology -- miniaturized and maximally efficient for input (meaning it has nearly perfect ratio of desired-inputs to actual-inputs with very few errors) -- could potentially become as useful for me as the trackpoint. For example, drawing this concept out on a line, I would consider it a masterpiece of an input device if it were precise, accurate and sensitive enough to allow me some range of finger motions that allowed me to "type" text into my phone with one free hand. I'd pay one thousand United States dollars for that device.

[0] https://news.ycombinator.com/item?id=17330239
this is a really cool trick. I don't think steganography is the right term though, when the 'hidden' image is viewable in most browsers
I’m afraid it won’t be that easy to get rid of coal. Especially without help from nuclear.
"Banks create money" (from thin air). That's the concept a lot of people struggle with.
Why is it useful? What do you do about it?
For future reference, you can use logical replication to do this online between versions with a minimal window at the end for a final sync when apps are off and not changing data. By that I mean have your 9.6 in prod running as normal, set up your 10/11 newprod and then kick off logical replication for ALL TABLES from prod->newprod. That'll chug along and as long as you have appropriate resources and replication configured correctly, it'll replicate your data over and maintain it while prod is still being used. Then you turn your apps off, let it finish the sync, switch the apps over to the new db and you're good. Obviously there's some missing detail like users, extensions, replication etc, but that's always very specific to an install.
I think part of the problem to understanding is that you’re assuming that banks are places that store money. They aren’t really, they are places that hold various types of assets and manage IOUs between themselves and other parties (other Banks, the Government/Fed, and customers etc.) in either direction.

Banks don’t really store money, you give them money and they give you bank credit, and then later on you exchange that credit back for money or transfer credit to someone at another bank and the two banks settle that with some asset (could be reserves etc.).

I think this is the main confusion, of course the physical cash the bank gives you for a withdraw might have been given to the bank during a deposit transaction, but in terms of the transactions on the balance sheet it did not come from there.
I don’t want to get into some ad hominem attacks but I don’t think Basel 3 says that. Anyway, this is simple arithmetic, Lloyds could not have such a large loan book if it wasn’t funded by deposits. There are simply just not enough wholesale funding and capital liabilities. And the liquidity requirements are only a fraction of the deposits, particularly for retail deposits which are assumed to be sticky.
Repost: let the down voters explain themselves, or prove their lack of argument by throwing their pathetic down votes.

There is only one banknote in the US, so there is only one bank. A lent deposit is no deposit. A dollar is 25 grains of gold.
Most _US_ publications. In the UK we don’t do that, we just call them “contributors”.
QWERTY is not badly designed. It's design goals were to minimise the likelihood of the keys of manual typewriters from jamming when typing in English, thus maximising the typist's productivity.

At worst, you can say QWERTY is antiquated. The conditions it was designed for no longer exist.
The banks are owed all the money plus interest
The actual approach is a perfectly reasonable business strategy

Except for keeping this secret. Than it's called lying.
Why Iceland Gets Its Ice from Other Countries
> I'd pay $1,000 United States dollars for that device.

That price point probably won't be good enough for the majority of people -- $1000 to do what you can already do with touch on a screen. Maybe $100 would do it, like a nice pair of earbuds.
I would say it's an important measure of success though: a lot of what Mozilla can do, it can only do thanks to its market share. This includes influencing the W3C, lobbying politicians with actual experience making a browser, and financially supporting that work. Furthermore, if Mozilla had a market share of 80%, they would have been in a far better position to actually fight EME.
The big problem with monads is that they are still imperative calculations even if individual effects are nicely typed. If functional code uses them, it effectively becomes imperative. To keep benefits of functional style one want mostly avoid monads. The whole idea of the article is to use any notion of imperative patterns only at the very top to glue things together.
If I swap my labels wrong I can still go bankrupt though.
I'm quite concerned about air quality in the UK but according to that map everywhere in the UK is "good", even London.
You don't get super user access to postgres via RDS. You can't use logical replication. Plenty of other plugins don't work. For complex use cases, RDS is often a no go.