23.47 km 76989.56 feet 14.58 mi
3989.00 seconds 66.48 minutes 1.11 hours 13.16 mi/hr
A bit cool today. Supposed to rain tonight and through the weekend.
But cool is good when you're emitting lots of energy, which I was. Decent
speed. Of course, this ride was entirely on pavement.
Thanks to advice from Mitch Sun of Blue
Packet, I fixed the problem with the Mark XII electronics! I didn't
realize that a pull-down on a diagnostic serial input was required.
Soldered an additional 10K resistor onto the board, and it's working fine.
"hcitool scan" prints this:
00:12:A1:61:0E:21 BluePacket Bluetooth Wireless Keyboard
Now to design a PC board appropriate for the product!
Boy, after reading Samuelson's April 30
Newsweek column, I have to question his right to the name
"economist". First, he pursues the common wisdom that inflation is
caused by higher prices. It isn't. Inflation is everywhere and
always caused by an increase in the supply of money. Money is
just a thing that people are always willing to trade for because
people are always willing to accept it. There's a supply and demand
for money, and, yes, a price of money.
But here's the thing you need to remember: the only reason there is
sustained inflation is because the government is always creating more
money. It does so because it gets to spend the money first. It's a
tax that nobody notices, if they even understand it. So Samuelson's
discussion of oil prices, food prices, and core CPI is pretty much a
waste of time, space, and print.
Second, he talks about recession. It's clear to any real
economist that the Fed causes these recessions through its
manipulation of the supply of money. When it inflates the money more
than people expect, they think they have more cash, so they go
spending. Business owners see a higher supply of money, and they
think that they should invest. Unfortunately, both of them are wrong,
and they need to adjust their spending downwards when the Fed reduces
the rate of inflation.
I'm talking about the rate of inflation, because people get used to
a certain rate of inflation. If you want to get the higher employment
effects of inflation, you need to continue to raise the rate of
inflation. Not just inflate, but inflate more and more. That's what
von Mises called the crack-up
boom". Eventuall the transaction cost due to the rate of increase
exceeds the value of most transactions, so the economy stops in its
tracks and falls over, dead.
Third, he worries about the U.S. trade deficit. "Trade deficit" is
a misnomer (and although he's talking about terminology problems in
this article, he doesn't catch this one.) There is no such thing as a
trade deficit. All free trade is balanced; deficit is not possible.
The term "trade deficit" really means that we're selling people things
inside the US more than we're selling things to be delivered to
people. As such, it's not much cause for worry.