Hopefully even if the worst comes to pass and the EU ends up enacting this law there are still the courts on the EU level and then the national governments and courts in countries where this type of surveillance is illegal can still decide to do whatever the want (i.e. national constitutions general take precedence over EU treaty obligations)
You kind of can, but you get to only vote for the full package i.e. the party which wins the national elections will get to appoint its own commissioner. Most people obviously only care about the domestic issues and likely will not change their vote regardless of what the appointed commissioner thinks or does.
The Fed has a pretty strict and narrow mandate and an even narrower toolset. They can't start coming up and imposing random laws and regulations (outside the banking sector) just because they want to...
> toward passing active legislation that protects these rights going forward?
That's not something the "legislators" in the EU parliament can do. It's effectively a consultative body which can either approve or send back the legislation provided to them so the council and commision can find sufficient workarounds...
What would actually help is if a government of a country where this type of Stasi/KGB style surveillance is constitutionally illegal like Germany to speak out and tell the EU (and Denmark which keeps pushing this) that they can go fuck themselves and that they will prosecute any company which is trying to comply with these regulations. (which would be perfectly legal since constitution/basic laws still supersede any type of EU treaty obligations in most countries.
""
[...] Since you need to get your car washed, you have to bring the car to the car wash—walking there without the vehicle won't accomplish your goal [...]
If it's a self-service wash, you could theoretically push the car 50 meters if it's safe and flat (unusual, but possible) [..]
Consider whether you really need that specific car wash, or if a mobile detailing service might come to you
[...]
"""
Which seems slightly (unintentionally) funny.
But to be fair all the Gemini (including flash) and GPT models I tried did understand the quesiton.
Germany did relatively fine though? Despite the German mark being the second largest reserve currency and their economy being heavily reliant on exports.
Mostly it’s just what I’ve read, I don’t know if it’s true, which is why I asked. If you get less yuan-people-hours per dollar (and materials cost increase for the same reason), you would get less per dollar than previously, I think?
Eventually you hit an inflection point where it’s cheaper to manufacture elsewhere. Which is why China is working Africa, huh?
Well there is a difference between people not buying anything at all and being significantly less than they are now. Consumer goods and services is only the tip of the iceberg.
How much do you think debt would cost and how easy would it be for businesses to get credit?
Combining a deflationary currency with a growing (or at least non static) economy is bad a everyone who has a basic understanding of history prior to the 1930s can see that. Something like bitcoin would be even much worse than the gold standard.
You're forcing business to produce something valuable in real terms instead of nominal terms and you're making that calculation easier to do for economic actors because the measuring stick is now controlled by an algorithm as opposed to charlatans.
Having less of that garbage fiat short-termism is a good thing for society.
Yet having more of endless boom and bust cycles with major economic depressions lasting for years (outcomes of the gold standard was a good idea).
> You're forcing business to produce something valuable in real terms instead of nominal terms
I don't quite understand what does that mean. Pricing goods in oil or grain? (coincidentally either of which would function better as a currency than bitcoin).
Also don't all of the "enterprise" certificates already provide all that, anyway?
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