Posted 35 minutes ago

hho-hhe:

When someone unfollows me I take it very personally.

Posted 35 minutes ago
The world is most beautiful at 4 AM because people are asleep and nature is wide awake.
(via siberius)

(Source: hazelhirao)

Posted 36 minutes ago
"For us to blend into human society, we need to have a mask that we never take off. If we’re suspected for even a moment, we’re done for, so we have to conduct ourselves seamlessly enough that we don’t become too involved."

(Source: makotosheart)

Posted 37 minutes ago
Posted 37 minutes ago

Still don’t get the concept of the “Petrodollar”

ordnungsokonomik:

I must be missing something important, hopefully someone can explain this to me.

If the Saudis agree to price their oil in dollars, that essentially places their oil in the same situation as goods produced in America. If the money supply doubles, the price of American goods double, including Saudi oil. This is no different than if the Saudis didn’t price their goods in dollars but in some other currency, since a doubling of the money supply would cause the exchange rate of the dollar to fall by half. Either way the price of oil would double in dollar terms. So there is definitely no sense in which the petrodollar allows inflation to be exported.

The only way inflation could be exported is if the price of oil in dollars was fixed. In that case, if the US money supply is expanded, oil would fail to rise proportionately with other goods priced in dollars, causing the relative price of oil to fall. More oil would be imported into the US, dollars would flow outwards (into foreign reserves), and American prices would rise less than otherwise would have. (This is why fixed exchange rate systems cause inflation or deflation to be transferred between countries.)

As to the question of whether the petrodollar raises global demand for US dollars, why this is important baffles me. After all, dollars are merely paper, the real value of American products hasn’t changed. If the Canadians decided they would adopt the US dollar as their currency, the result would be deflation as there would be the same quantity of US dollars spread across a greater amount of production. Sure, the dollar would be more valuable, but that rise in the value of the dollar would be exactly offset by a fall in the nominal incomes of Americans.

Posted 39 minutes ago
And how hard is it to land even a minimum-wage job? This year, the Ivy League college admissions acceptance rate was 8.9%. Last year, when Walmart opened its first store in Washington, D.C., there were more than 23,000 applications for 600 jobs, which resulted in an acceptance rate of 2.6%, making the big box store about twice as selective as Harvard and five times as choosy as Cornell. Telling unemployed people to get off their couches (or out of the cars they live in or the shelters where they sleep) and get a job makes as much sense as telling them to go study at Harvard.

"Why Don’t the Unemployed Get Off Their Couches?" and Eight Other Critical Questions for Americans (via seriouslyamerica)

Perhaps we should realize that there will never be as much jobs as there used to be in the U.S. and having a bloated population which the majority are not highly skilled will result in the massive underemployment of today.

Posted 54 minutes ago

sniffing:

Having sex in elevators is wrong on so many levels.

Posted 55 minutes ago
Posted 57 minutes ago

joshpeck:

thesylverlining:

what happened in roughly 1870 though

why was there temporary internet

with a few people searching for pokemon?

image

(Source: neilcicierega)

Posted 57 minutes ago
I think people would be happier if they admitted things more often. In a sense we are all prisoners of some memory, or fear, or disappointment—we are all defined by something we can’t change.
Van Booy, Simon. The Illusion of Separateness (via thedeviousplot)

(Source: wordsnquotes)