Open in app

Sign In

Write

Sign In

Derek McDaniel
Derek McDaniel

170 Followers

Home

About

2 days ago

How Raising Rates Smooths Inflation

Raising rates cannot stop inflation, but it can stretch it out over a longer time frame — The Valuation of The National Debt There is a simple indication that raising rates doesn’t credibly eliminate inflation. And that is that raising rates can’t plausibly increase the attainable valuation of the national debt, at least not on its own. …

4 min read

How Raising Rates Smooths Inflation
How Raising Rates Smooths Inflation

4 min read


May 20

I wish to talk to you today about interest.

I wish to talk to you today about interest. While the position I will present to you, may carry controversy, I can assure you that I hold this view with absolute conviction, and the analysis and rigor to back it up. To understand interest, we must first understand the brutality…

Gold Standard

7 min read

Gold Standard

7 min read


Mar 23

Hopeware: Ecash bill overpromises and relies on  untested level of tamper resistant hardware.

Hopeware: Ecash bill overpromises and relies on untested level of tamper resistant hardware. The ecash bill is a piece of legislation put forward by Represantive Stephen Lynch with cosponsors Representatives Jesus G. Garcia, Rashida Tlaib, Ayanna Pressley, and Alma Adams. The ecash bill hopes to achieve a secure and privacy…

Ecashact

4 min read

Ecashact

4 min read


Aug 12, 2022

Consciousness Connects the Future with the Past

I asked my control theory professor doctor Sean Warnick something that triggered a discussion about the time domain and the frequency domain and fourier series circa 2010. Or maybe he just brought this up himself. He said there is an known application of “feedback” in a temporal sense, and that…

Quantum Consciousness

1 min read

Quantum Consciousness

1 min read


Oct 4, 2021

Typesetting Documents With HTML

Web development isn’t just about building websites — One surprisingly versatile use for html is using it to typeset pdf documents. Html provides a good middle ground between the precision of latex and the informality of markdown. With a little knowledge of basic css and html you can make good looking custom documents that render in very predictable…

HTML

3 min read

HTML

3 min read


Jun 17, 2021

The one problem with all cryptocurrencies

Tying your token, to your technology is a bad choice. — Cryptocurrencies have promised a lot, and delivered a certain amount of utility. But the clear problem with cryptocurrency as a concept is that your technology stack is intrinsically tied to your token and its value. Technology changes frequently. Throughout history, accounting technology has changed from one medium to the next…

4 min read

4 min read


Mar 9, 2021

The confusion of mainstream interest stabilization and debt sustainibility

The mainstream narrative, behind interest rates, is that lower rates increase lending, and thus drive inflation. Meanwhile, higher rates reduce lending. But who is lending to who, and for what, actually matters. So you can’t make a blanket generalization, about these effects. The biggest effect of lending practices on inflation…

Mmt

3 min read

Mmt

3 min read


Feb 12, 2021

How to use “Golf” debugging

Iterate when you are close to your target /* How to use leapfrog debugging When you are first learning a coding principle or practice, it is extremely beneficial to debug and test at every step. Even with experience, incremental testing has certain benefits. But like anything there is a cost. …

3 min read

3 min read


Aug 3, 2020

The opposite of imposter syndrome

Imposter syndrome is real. It isn’t your fault, but you have to fix it anyway. — Many people have imposter syndrome, meaning they feel underqualified for the role they are expected to perform. Most of the time, they are correct. We have high expectations for people that isn’t really based in reality, but rather wishful thinking. If I tell you that this imposter syndrome isn’t your…

2 min read

2 min read


Jul 14, 2020

It’s not the stock, it’s the net flow, dummies

Alice has $1,000, bob has $100, and rachel has $10. Let’s say each of them spend all their money, but earn it all back by the end of the day…

Quantity Theory Of Money

1 min read

Quantity Theory Of Money

1 min read

Derek McDaniel

Derek McDaniel

170 Followers

Technology, programming, and social economy.

Following
  • Joe Brewer

    Joe Brewer

  • Unbecoming

    Unbecoming

  • Caitlin Johnstone

    Caitlin Johnstone

  • Cory Doctorow

    Cory Doctorow

  • stephenstillwell

    stephenstillwell

See all (110)

Help

Status

Writers

Blog

Careers

Privacy

Terms

About

Text to speech