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Joined 9 months ago
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Cake day: December 25th, 2023

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  • According to MMT (Modern Monetary Theory) governments sell debt in the form of bonds in order to create a stable store of value for investors. They feel safer making risky investments if they know that some if their money is safe. Governments, particularly governments with fiat [1] currencies, are extremely safe borrowers. You can more or less guarantee that their bonds will be paid back. Because if a government wants to pay that bond back they are incapable of running out of money. So governments could buy their bonds back and forgive them but it would defeat their actual purpose. I read about MMT in The Deficit Myth. It’s an interesting book and worth the read if you want a different perspective on monetary theory.

    1. Fiat in this case means the currency is not based on any asset. Common currency basing assets are gold, silver, petroleum, and cryptography.


  • I’ve seen the LTT video on that. Trouble is I’d need a computer to power it since my work computer struggles as it is. I work from home and the office and being able to use it in both environments would be helpful. Base stations are a pain in the ass to setup when you want to switch location a couple times a week.

    One of the standalone headsets make a lot more sense for my use case. I’ve been thinking about getting a quest 3 but I need to use one to see if the fidelity is good enough. I wish there was a linux based headset I could tinker with but the VR market is still young. Hopefully Valve will pull a steam deck in VR.