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Cake day: June 12th, 2023

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  • waigl@lemmy.worldtomemes@lemmy.worldTake your FICO and shove it!
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    6 months ago

    Not very easily. Concise, easy to understand and correct explanations of how modern money (arguably since 1971) works are not easy to come by, and also the system just is a bit weird and counter intuitive. (Concise, easy to understand, but wrong explanations are, of course, all over the place. Almost everybody thinks they know how money works. Almost nobody actually does.)

    One source that explains some of it would be “Debt: The first 5000 years” by David Graeber, but a) it’s a fairly lengthy book with quite a lot of historical background and b) it has a fairly strong politicial spin to it.


  • waigl@lemmy.worldtomemes@lemmy.worldTake your FICO and shove it!
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    6 months ago

    National debt is basically where money comes from in the first place. Unless you are willing to change the most fundamental, basic nature of how modern money even works, you cannot run a (major) country without debt. It’s not even just a question of good or bad fiscal policy, it is literally mathematically impossible.



  • Floating Point Unit. The thing that does mathematical operations on floating point numbers. It used come separately from the CPU as an add-on chip, but around the 486 era, manufacturers started integrating it on the same die as the CPU. Of course, as these things go, from the system programmers point of view, there is still no difference between an add-on FPU and an integrated one.

    The one pictured here is an add-on FPU for an Intel 80386 CPU.