Wednesday, May 14, 2014
Monday, May 12, 2014
LP Dividers
Beg, borrow or buy 30 or so old LP's that you have no intention of using. Drizzle PVA glue (eg: Aquadhere) into the empty cover, and push the record in about half way, or as far as you want the record to stick out, and push together the two sides of the cover so the record sticks. One easy way of doing this is to place other records on top of the dividers so the weight would seal it better. Use cheap discount store adhesive letters and numbers to label the dividers and away you go.
Friday, May 9, 2014
Tuesday, May 6, 2014
Thursday, May 1, 2014
Economics In A Nutshell
1. Many things that are desirable are not feasible.
2. Individuals and communities face trade-offs.
3. Other people have more information about their abilities, their efforts, and their preferences than you do.
4. Everyone responds to incentives, including people you want to help. That is why social safety nets don’t always end up working as intended.
5. There are tradeoffs between equality and efficiency.
6. In an equilibrium of a game or an economy, people are satisfied with their choices. That is why it is difficult for well meaning outsiders to change things for better or worse.
7. In the future, you too will respond to incentives. That is why there are some promises that you’d like to make but can’t. No one will believe those promises because they know that later it will not be in your interest to deliver. The lesson here is this: before you make a promise, think about whether you will want to keep it if and when your circumstances change. This is how you earn a reputation.
8. Governments and voters respond to incentives too. That is why governments sometimes default on loans and other promises that they have made.
9. It is feasible for one generation to shift costs to subsequent ones. That is what national government debts and the U.S. social security system do (but not the social security system of Singapore).
10. When a government spends, its citizens eventually pay, either today or tomorrow, either through explicit taxes or implicit ones like inflation.
11. Most people want other people to pay for public goods and government transfers (especially transfers to themselves).
12. Because market prices aggregate traders’ information, it is difficult to forecast stock prices and interest rates and exchange rates.
Tuesday, April 29, 2014
Gmail hacks
Did you know that the dots in your email address don't matter? your.name@gmail.com is exactley the same as:y.o.u.r.n.a.m.e@gmail.com.
Adding a "+" to your email (eg: your.name+test@gmail.com will still go to your.name@gmail.com) means you can track who sent which email by handing out your email with the "+" in it plus an identifier (eg: your.name+annoying.company@gmail.com) and ignore of delete them.
More here: http://www.buzzfeed.com/danoshinsky/8-gmail-hacks-that-will-change-the-way-you-use-email?s=mobile
Sunday, April 27, 2014
Subscribe to:
Posts (Atom)
