So, can he just swap out the wheels and play a different song, like a player pianno? It really looks like it.

I love that app. The only downside is that I usually end up laughing so damn hard with whoever I'm doing it with that it completely screws up the effect every time.

For what it's worth, and someone can correct me if I'm wrong, this app is called Face Swap Live, and it's only on iOS right now. There are a hundreds of Face Swap apps on Android and iOS store, but the "Live" version is the only correct one (others don't have the same functionality).

The years after the crash but before the appearance of Nintendo were Golden Years for my brother and me. We were picking up cartridges for our Intellivision for a dollar a piece (or less) at retail stores and sometimes for free at local garage sales. I know our game library was over 50 games at one point, which as kids we never would have been able to afford if not for the crash.

We also switched to PC gaming. My dad received one of the very first laptops (with an LCD screen) from his job and I managed to get Bard's Tale up and running on it. Some of my friends went the Commodore 64 route.

So after the crash, we never stopped gaming, really, and just transitioned to the NES when it came out. But of course games became more expensive then. We gave up on owning anything but the most popular games (Mario, Zelda, etc.) and instead would swap games with classmates to try out other stuff. Mom and pop used games stores also popped up around that time and usually we could trade in an old game for a new one with an out-of-pocket expense at around $5, which was around my weekly allowance at the time and let me get a new game once a week.

Well, cheers for sticking with it anyway, I really appreciate it.

It's a one hour talk on the deficit in particular, and most of what she says is based on MMT principles that would add another 5 hours to her talk if she were to explain them. With neoclassical economics, you can sort of jump right in, given how they are taught at schools and regurgitated by talking heads and politicians, day in and day out. MMT runs contrary to many pieces of "common sense" and since you can't really give 10 hour talks everytime, this is what you end up with – bits and pieces that require previous knowledge.

I'd offer talks by other MMT proponents such as William Mitchell (UNSW), Randy Wray (UMKC) or Michael Hudson (UMKC), but they are even less comprehensible. Sorry. Eric Tymoigne provided a wonderful primer on banking over at NEP, but it's long and dry.

Since I'm significantly worse at explaining the basics of MMT, I'm not even going to try to "weave a narrative" and instead I'll just work my way through it, point by point.

@notarobot

"Let's address inequality by taking on debt to increase spending to help transfer money to large private corporations."

You don't have to take on debt. The US as the sole legal issuer of the Dollar can always "print more". That's what the short Greenspan clip was all about. Of course, you don't actually print Federal Reserve Notes to pay for federal expenses. It's the digital age, after all.

If the federal government were to acquire, say, ten more KC-46 from Boeing, some minion at the Treasury would give some minion at the Fed a call and say "We need $2 billion, could you arrange the transfer?" The Fed minion then proceeds to debit $2B from the Treasury's account at the Fed (Treasury General Account, TGA) and credits $2B to Boeing's account at Bank X. Plain accounting.

If TGA runs negative, there are two options. The Treasury could sell bonds, take on new debt. Or it could monetise debt by selling those bonds straight to the Fed – think Overt Monetary Financing.

The second option is the interesting one: a swap of public debt for account credits. Any interest on this debt would be transfered straight back in the TGA. It's all left pocket, right pocket, really. Both the Fed and the Treasury are part of the consolidated government.

However, running a deficit amounts to a new injection of reserves. This puts a downward pressure on the overnight interest rate (Fed Funds Rate in the US, FFR) unless it is offset by an increase in outstanding debt by the Treasury (or a draw-down of the TT&Ls, but that's minor in this case). So the sale of t-bonds is not a neccessity, it's how the Treasury supports the Fed's monetary policy by raising the FFR. If the target FFR is 0%, there's no need for the Treasury to drain reserves by selling bonds.

Additionally, you might want to sell t-bonds to provide the private sector with the ability to earn interest on a safe asset (pension funds, etc). Treasury bonds are as solid as it gets, unlike municipal bonds of Detroit or stocks of Deutsche Bank.

To quote Randy Wray: "And, indeed, treasury securities really are nothing more than a saving account at the Fed that pay more interest than do reserve deposits (bank “checking accounts”) at the Fed."

Point is: for a government that uses its own sovereign, free-floating currency, it is a political decision to take on debt to finance its deficit, not an economic neccessity.

"Weimar Republic"

I'm rather glad that you went with Weimar Germany and not Zimbabwe, because I know a lot more about the former than the latter. The very, very short version: the economy of 1920's Germany was in ruins and its vastly reduced supply capacity couldn't match the increase in nominal spending. In an economy at maximum capacity, spending increases are a bad idea, especially if meant to pay reparations.

Let's try a longer version. Your point, I assume, is that an increase in the money supply leads to (hyper-)inflation. That's Quantity Theory of Monetary 101, MV=PY. Amount of money in circulation times velocity of circulation equals average prices times real output. However, QTM works on two assumptions that are quite... questionable.

First, it assumes full employment (max output, Y is constant). Or in other terms, an economy running at full capacity. Does anyone know any economy today that is running at full capacity? I don't. In fact, I was born in '83 and in my lifetime, we haven't had full employment in any major country. Some people refer to 3% unemployment as "full employment", even though 3% unemployment in the '60s would have been referred to as "mass unemployment".

Second, it assumes a constant velocity of circulation (V is constant). That's how many times a Dollar has been "used" over a year. However, velocity was proven to be rather volatile by countless studies.

If both Y and V are constant, any increase in the money supply M would mean an increase in prices P. The only way for an economy at full capacity to compensate for increased spending would be a rationing of said spending through higher prices. Inflation goes up when demand outpaces supply, right?

But like I said, neither Y nor V are constant, so the application of this theory in this form is misleading to say the least. There's a lot of slack in every economy in the world, especially the US economy. Any increase in purchases will be met by corporations with excess capacity. They will, generally speaking, increase their market share rather than hike prices. Monopolies might not, but that's a different issue altogether.

Again, the short version: additional spending leads to increased inflation only if it cannot be met with unused capacity. Only in an economy at or near full capacity will it lead to significant inflation. And even then, excess private demand can easily be curbed: taxation.

As for the Angry Birds analogy: yeah, I'm not a fan either. But all the other talks on this topic are even worse, unfortunatly. There's only a handful of MMT economists doing these kinds of public talks and I haven't yet spotted a Neil deGrasse Tyson among them, if you know what I mean.

Now I'm not 100% sure here, but I get the impression that 0-60 times weren't a major consideration in this engine swap. He sourced everything out of a junkyard he runs and built the car for next to nothing.

I did like the idea, from the comments, of chroming the part of the engine above the hood to make it look like a big blower

(bonus pic - http://jalopnik.com/holy-shit-this-car-lives-right-around-the-corner-from-m-1759322236 )

That is just plate swapping. I saw a guy walk up to a giant bowl of chicken wings, one small plate in each hand, and then sandwich about 150 of them with the plates, and then walk off.

Ron Paul was not goofy, but he was a (partially) fringe candidate. The gold standard being his biggest kookiness. But as far as just being loved by libertarians, well, that's what the media sold and that's what some poor saps actually believe.

As more a liberal leaning guy I swapped parties to vote for Paul. His honesty was nice but would have been unverifiable. However, his willingness to buck those he could have been bought by and made president from amazed me. He wasn't a populist except insofar as that his message was against those in power.

But what is most funny is this. Paul didn't do bad in the polls for basically being a 3rd party candidate. In that he smashed Nader and most other 3rd party candidates. Even knowing his defeat, those still willing to show their vote to him was astonishing. Now some would argue that he technically wasn't third party since he ceremoniously went under the Republican brand...but that's about stupid logic there.

Looks like they just need to get Carter to reverse the polarity on the Stargate. Just swap the red crystal with the blue crystal and reverse the orientation of the thing that looks like a plexiglass plate with some notches cut into it. To be safe, use the phrase "quantum field" in every other sentence and occasionally frown at your multimeter that isn't connected to anything. There you go. Problem solved.

Hard to tell. Obviously a new motor, but why swap in a different gas engine? I think at 1:25 it sounds like an electric motor, and at the very end it sounds like it clicks off.

A Google Image search returns a couple similar-looking results but nothing conclusive. Also they don't show a battery, but it might be a small one for small experiments. Maybe even self-contained in that housing, since most GIS results show simple cylindrical motors.

Serbia swapped out the face - the Italian version swapped the body. *anatomy

Huh. Haven't seen someone swap left/right around for the crossfader and level's before.

Normally people have left channel of the mixer assigned to the left turntable and same for right. Would confuse the heck out you first time, but I guess you'd get used to it. Makes that crossfader work look even cooler.

Edit:
Well there you go, Hamster style

https://en.wikipedia.org/wiki/Hamster_style

We now know the exact limit of 'how low can you go' until he swaps out for shorter handle bars.
*skillful

Thank you for posting this. I watched and rewatched the routine a few times on my DVR and am still blown away by it.

I cannot imagine how he could possibly have done some of the things he's done, like making two cards switch hands at a distance in full view. Or making a functional stack of cards swap hands with a single, signed card... *WTF?!

Anyone have any reasonable explanations for how this could at all be feasible?

Just as good is the magician who fooled Penn & Teller by getting Penn's signed card in new-deck order inside a wrapped box of playing cards, while his hands were in full view the whole time.

Mind = blown.

That's they key here it is played with one deck at a time, but there is often more than one deck knocking around in the shoe. Especially when playing at a high level they can swap decks as often as every couple of hands.

Cards quickly start to bend and warp & when the blinds alone are in the 100's or 1000's the cost of a new deck every few hands is pretty negligible. A decent casino will swap the decks frequently throughout a night/tournament.

The above should not happen if proper procedure is followed, one deck should never touch or mix with another, but I can see how it might happen by accident.

Other likely possibility is a manufacturing defect, though again with proper procedure that should be spotted when a new deck is spread out for the players to see. (also very unlikely with high grade decks).

Dude, you don't have to go to the internet to talk to yourself. Just get a big ass mirror, it'll be as if there's somebody else in the room. You know, somebody 'reasonable'.
And as for bobknight, I'm sure he has a telephone. You guys should swap numbers.