• 0 Posts
  • 24 Comments
Joined 1 year ago
Cake day: June 11th, 2023
  • workerONE@lemmy.worldtoNo Stupid Questions@lemmy.world•What type of scam is this?
    16·
    2 months ago

    In the 2000s I worked in IT and we hosted a spam filter. Back then people would send out seemingly harmless email, about Jack’s golf game or the picnic on Sunday, and their goal was to build up their domain’s reputation as a legitimate sender. Then one day they’ll send out spam and it’ll get through the filter until the spam filter catches on and cuts off that domain.

  • workerONE@lemmy.worldtoNo Stupid Questions@lemmy.world•Are shrunken heads a rights violation?
    2·
    4 months ago

    I think in life we struggle so much to survive and to care for those we love, and when people we love die it is very difficult. I think most people probably have a natural sense of right and wrong in regards to treatment of the dead. I don’t know that this is a continuation of a person’s right to governance over their body, I think it’s more of a general reverence for life and death that we all experience. I’m surprised to learn that in California where I live human remains are treated like any other property.

  • workerONE@lemmy.worldtoNo Stupid Questions@lemmy.world•US Question. Will the people that have to wait until 70 to get Social Security ever get what they paid in to it back out before they die since men's life expectancy is only 77 now?
    2·
    10 months ago

    Federal Reserve Bank Chairman Ben Bernanke says that money is spent by the federal government simply by changing numbers in bank accounts.

    "For further support we can just listen to Federal Reserve Bank Chairman Ben Bernanke. When asked “Is that tax money that the Fed is spending?” he replied, “ It’s not tax money. The banks have accounts with the Fed, much the same way that you have an account in a commercial bank. So, to lend to a bank, we simply use the computer to mark up the size of the account that they have with the Fed.” Mosler says, “the Chairman of the Federal Reserve Bank is telling us in plain English that they give out money (spend and lend) simply by changing numbers in bank accounts. There is no such thing as having to ‘get’ taxes (or borrow) to make a spreadsheet entry that we call ‘government spending’.”

    It is that simple. How does the government spend? “Keystrokes,” says Wray. The money does not come from anywhere, it is created by the currency-issuer. Thus, taxing and spending are functionally two completely separate operations. The government issues the money with a few keystrokes at the Fed first, and then it taxes, removing some from circulation."

    https://medium.com/@nicholasadiaz7/on-the-role-of-taxes-mmt-707fb4b3b80b

    When the government approves civil projects such as infrastructure projects, the payments are considered issuing of currency according to modern monetary theory.

    From Wikipedia regarding governments with Fiat currency: “When a government spends money, its treasury credits its operating account at its central bank and deposits this money into private bank accounts. This money increases the total deposits in the commercial bank sector.”

    https://en.m.wikipedia.org/wiki/Modern_monetary_theory