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Joined 1 year ago
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Cake day: June 9th, 2023

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  • The challenge is, in a real org of some size, you’ll suddenly get marketing or customer success asking you for commitments that are very far out, because ad slots have to be booked or a very large customer renewal is coming up.

    And some of the normal coping mechanism (beta-branch that spins off stable feature to the general release branch) don’t work for all those requests.

    Try as you might, you are going to get far off deadlines that you have to work towards. Not for everything but for more than you’d like.
















  • Reddit by far was a better experience; more content, better moderation, less negativity.

    I’m still here on Lemmy, though, in hope of it getting better (and it definitely scratches the same itch as Reddit without the corporate arrogance).

    That said, even though it annoys me, I do find myself getting exposed to a wider array of opinions on Lemmy that I just never saw on Reddit. And while I disagree with a lot of it it’s probably healthier for things to be that way. The tankies, though … so many tankies.


  • sunbeam60@lemmy.onetoMemes@lemmy.mlthe debt
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    22 days ago

    <giggle.gif>

    Not really. They’ve got a version of the euro, called kroners, which allows Danes to believe they have their own currency. They are locked into an exchange rate band (extremely tight) which means the Danish central bank has to follow every decision the ECB takes within minutes). And this makes complete sense, in that it’s a compromise that’s edible by voters (maintaining the illusion that Denmark didn’t adopt the euro) and edible by business (allowing businesses in Denmark to participate fully in the common market).

    And that’s one of the reasons Denmark has such small national debt and runs a government surplus - they can’t really invent new money because it would break the bond with the euro. So the Danish budget is sort of a “household budget” in that in contrast to, say, Sweden, they cannot create money (meaningfully) and the books have to balance (which they do; lots of oil, Novo Nordisk, Maersk, Vestas and a few other big international plays who still pay a majority of their tax in Denmark obviously helps a lot).


  • sunbeam60@lemmy.onetoMemes@lemmy.mlthe debt
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    21 days ago

    Yes more or less, that is indeed how the central bank creates money most of the time; the government creates a piece of paper that says “IOU 100k and I’ll pay you 5% interest on it for 20 years and then I’ll return your original 100k to you in 20 years” (that’s a bond), which they sell on the open market, at auction (where the variable element is the interest rate someone is willing to accept). When the central bank wishes to increase the money supply they buy government bonds on the open market (ie from other holders, rarely from the government directly) by materialising money out of thin air.

    When they wish to shrink the money supply they sell their government bonds and destroys the money that they receive from the sale.