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wycats's profile
Yehuda Katz 🥨
Yehuda Katz 🥨
Yehuda Katz  🥨
Verified account
@wycats

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Yehuda Katz  🥨Verified account

@wycats

Tilde Co-Founder, OSS enthusiast and world traveler.

Portland, OR
yehudakatz.com
Joined August 2007

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    1. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014

      Most people imagine inflation to be a natural affliction. In reality, inflation is a man-made phenomenon... simply the debasing of currency.

      4 replies 51 retweets 22 likes
    2. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
      Replying to @ErikVoorhees

      @ErikVoorhees @BrendanEich productivity changes affect the value of money too.

      1 reply 0 retweets 0 likes
    3. BrendanEich‏Verified account @BrendanEich 13 Nov 2014
      Replying to @wycats

      @wycats Yes, but deflationary. @ErikVoorhees

      1 reply 0 retweets 0 likes
    4. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
      Replying to @BrendanEich

      @BrendanEich @ErikVoorhees productivity decreases would produce natural inflation. Is deflation good?

      3 replies 0 retweets 0 likes
    5. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014
      Replying to @wycats

      @wycats @BrendanEich Productivity decreases would produce natural price increases. Price increases =/= inflation.

      1 reply 0 retweets 1 like
    6. BrendanEich‏Verified account @BrendanEich 13 Nov 2014
      Replying to @ErikVoorhees

      @ErikVoorhees Right. First problem: many suffer "exogenous money" mystery-cult beliefs. Money is endogenous. http://en.wikipedia.org/wiki/Endogenous_money … @wycats

      1 reply 0 retweets 0 likes
    7. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014
      Replying to @BrendanEich

      @BrendanEich @wycats People need to stop equating inflation with price increases. The former usually causes the latter, but they are dif.

      2 replies 0 retweets 1 like
      Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
      Replying to @ErikVoorhees

      @ErikVoorhees @BrendanEich this is pretty much a tell that you're in the gold standard camp. Can't just change common meaning.

      6:02 PM - 13 Nov 2014
      3 replies 0 retweets 0 likes
        1. New conversation
        2. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014
          Replying to @wycats

          @wycats @BrendanEich I don't think governments should implement "standards" for money any more than standards for religion, sex, and food.

          1 reply 0 retweets 0 likes
        3. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
          Replying to @ErikVoorhees

          @ErikVoorhees @BrendanEich I don't mind the FDA.

          2 replies 0 retweets 0 likes
        4. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014
          Replying to @wycats

          @wycats @BrendanEich Then you pay for it.

          1 reply 0 retweets 0 likes
        5. Erik Voorhees‏Verified account @ErikVoorhees 13 Nov 2014
          Replying to @ErikVoorhees

          @wycats @BrendanEich Sorry, that was snarky. That's fine if you don't mind it, but I'm ethically opposed to the central planning of food.

          2 replies 1 retweet 0 likes
        6. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
          Replying to @ErikVoorhees

          @ErikVoorhees @BrendanEich this kind of hyperbole (making modest things out to be the same as a more extreme) makes discussion hard.

          0 replies 0 retweets 0 likes
        7. End of conversation
        1. New conversation
        2. Sam Selikoff‏ @samselikoff 13 Nov 2014
          Replying to @wycats

          @wycats @ErikVoorhees @BrendanEich but worth noting that this is inflation's original definition, and for good reason

          1 reply 1 retweet 0 likes
        3. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
          Replying to @samselikoff

          @samselikoff @ErikVoorhees @BrendanEich are you sure this isn't a retcon? http://en.m.wikipedia.org/wiki/Inflation 

          2 replies 0 retweets 0 likes
        4. Alex Matchneer‏ @amatchneer 13 Nov 2014
          Replying to @wycats

          @wycats tis a retcon, just in the other direction @samselikoff @ErikVoorhees @BrendanEich

          2 replies 0 retweets 0 likes
        5. Alex Matchneer‏ @amatchneer 13 Nov 2014
          Replying to @amatchneer

          @wycats it was re-defined in terms of its negative effect to make it seem less inherently bad @samselikoff @ErikVoorhees @BrendanEich

          1 reply 0 retweets 0 likes
        6. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
          Replying to @amatchneer

          @machty @samselikoff @ErikVoorhees @BrendanEich [citation needed] (primary sources please)

          1 reply 0 retweets 0 likes
        7. Alex Matchneer‏ @amatchneer 13 Nov 2014
          Replying to @wycats

          @wycats twas from the wikipedia article you linked? @samselikoff @ErikVoorhees @BrendanEich

          1 reply 0 retweets 0 likes
        8. Yehuda Katz  🥨‏Verified account @wycats 13 Nov 2014
          Replying to @amatchneer

          @machty @samselikoff @ErikVoorhees @BrendanEich citation needed for the rationale of the change.

          1 reply 0 retweets 0 likes
        9. Alex Matchneer‏ @amatchneer 13 Nov 2014
          Replying to @wycats

          @wycats can't really cite a primary source, it's not like there was some official referendum @samselikoff @ErikVoorhees @BrendanEich

          2 replies 0 retweets 0 likes
        10. 1 more reply
        1. BrendanEich‏Verified account @BrendanEich 13 Nov 2014
          Replying to @wycats

          @wycats Beware post-hoc reasoning. Any scarce hard-to-game (Gold has not always been, note well, goldbugs!) base beats fiat. @ErikVoorhees

          0 replies 0 retweets 0 likes
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