beefield

I think the only consistent and reasonable measure for productivity of labor is how much the economy is willing to pay for the labor[1]. So if the society is willing to pay nurses n times higher salaries than 20 years before, the value of nurses work has become n times higher, and the productivity has increased n-fold. (minus inflation). And the baumol effect vanishes as a puff of smoke into air.

[1] But surely a worker creating only one thingie at the same time than other produce five thingies must be less productive, you say? Well, if the first one is able to sell his thingies at more than 5 times higher price than others, quite obviously s/he is more productive than the others.

In practice I think age buckets might be enough.

I have occasionally been toying with the idea that the number of votes you have would be dependent on your expected lifetime left. The longer hou have to live with your electee's decisions the more say you should have.

Funny. First "its collapse was first and foremost a result of its own poor risk management and communications" and then a looong rant how it actually was fault of Biden, Democrats and loose monetary policy.

So far I have not seen any evidence that the real reason was anything but "poor risk management and communications" A couple of percentage points change in interest rates is not a thing that should bring your bank down. If it does, you have failed, no excuses.

> If Disney trains an AI good enough to just generate a good story then I think that everyone who fed training data into that model should get a piece of the revenue.

So, if Disney decides to incorporate a sailing boat in ther stories, does that mean that anyone who has been making sailing what it is in our culture (i.e. anyone ever been on a boat, built a boat, talked about boats etc) should get a cut? If not, why not?

I can't articulate this well for now, but in all of the mayhem you asked to imagine, I must say I also see a possibility to freedom. Freedom from news because they are all garbage anyway, already now. Freedom from stupid mortgage application processes because you just buy/rent what you can afford. And so on. Of course, it is likely most people do not choose this freedom - maybe not even me - but it is there.

So I end up having values in the actual column that may be complete junk and I need to check another column to know that? I would expect that to cause trouble sooner or later.

I know pretty much nothing abut realtional algebra but I have written and read reasonable amount of SQL. And I find 3-value logic very handy, even if I occasionally see these arguments that it is somehow wrong? Can you ELI5 why I should dislike NULL and what should I do with my database when I do not know the value of an attribute or the attribute is not applicable for the row? (The answer to the latter might be to design a "better" schema? To that my response is that there are other measures for "goodness" that may be more important than ideological purity. Say, you may want to have all your data in one table instead of creating a new table for a thousand different subcases.)

My understanding is that US Treasury issues a bit more than 1000 billion USD worth T-bills each month. If this is true, Tether must be one of the largest T-bill purcahser (multiple percentages of total issuance every month). Count me sceptic. Somehow I would assume this would be big news in finacial world.

Edit: how do they claim bying them? I thought they had no us banking access?

>If everyone knows this, why keep your money there?

Because that applies to literally every single operative bank, and given FDIC insurance and other refulation, the risk of deposit losses for average joe is so small that they do not need to care.

I think you are selective here. There are lots of coins that have lost value permanently (FTT, luna etc), I also remember reading that there are lots of coins whose network has simply shut down due to lack of interest (no source here, though)

Would you be willing to make a honest try to compare quantitatively the percentage of deposits lost in regulated western banks vs money lost in failed crypto exchanges, stablecoins etc?

I think the difference must be many orders of magnitude to the benefit of regulated banks.

I'm a bit confused. (Haven't followed in detail) Did they not mark to market the bonds they bought and ended up insolvent in reality but not in their books? Shouldn't the regulators have pulled the trigger earlier, then? Or is this just a liquidity issue and the bank is solvent, but the assets need to be sold?

I guess we have different opinions what "no bullshit" means. This is what I consider no bullshit license:

https://en.m.wikipedia.org/wiki/WTFPL

And yes, I also wish everyone used this license everywhere.

> It’s completely unreliable because it sounds confident and plausible even when it’s wrong

This describes pretty accurately a non-trivial amount of people I have worked with.

> but given my location, I don't want to put money into it

You made me a bit curious, why not? Illinois seems to have sailing opportunities in many places, and with a good drysuit or wetsuit even dinghy sailing in colder climates is fine. And if you still do not fancy swimming, there are small keelboats you can handle on your own relatively easily. (Take your time to learn in easy winds and preferably a teacher of some sort, though)

I would argue any hard working is not clever by definition. But the ones who are otherwise clever but have a blind spot on the hard working part - they are scary. How efficiently and how far they can get into completely wrong and unexpected direction before stopping to think the overall picture can be mindboggling. The hardworking idiots are useful as long as their direction is contained.

I do not quite get the theoretical basis of the idea that shareholder value should be maximized. I mean, in order to maximize shareholder value, you need to pay a going rate to other factors of production anyway. If you pay too little wages, you do not maximize shareholder value etc. But if we maximized for say taxes or paid salaries in the long term, we would obviously need to pay going rate for capital, otherwise we would not maximize the taxes/salaries in the long term. So, what it is and why that makes maximizing shareholder value over other stakeholders? Before you answer, do remeber that if you do not pay going rate for capital, you are not maximizing anything else, either.

Okay, I have one theory. There kind of exists a measure for long term shareholder value, i.e. stock price. That would make it superior to other stakeholders because you can judge management on a relatively objective measure. Would make, if it did not have so abysmally bad signal to noise ratio that I find it hard to believe anyone seriously thinks that is the reason why shareholder value is superiour.

I think you might find places relatively close each other in the moon polar areas that are in aggregate illuminated most if not all the time.

https://space.stackexchange.com/questions/34025/moon-polar-d...

> I'm happy there are places where speech is not restricted.

that means no. Do you want to remove _every_ moderation made by companies/governments in all online forums, including HN?

No, it is the other way round. If there are no places where companies and/or governments censor/limit free speech/fight misinformation, every place turns into 4chan and you lose your ability to choose. I'm happy there are places where speech is not restricted. And I'm even more happy that there are places where speech is restricted. Do you think HN should stop moderating discussion?

well, we see where that ends by looking at 4chan. Why are you posting here and not there?

Because their customers/voters want it? Me, I very much prefer censored HN to free speech 4chan. The question is, what are you doing here if you prefer 4chan where the "truth" is not censored?

ChatGPT integrations to online forums: Hold my beer.

How do you propose western countries and social media companies fight disinformation?

I have occasionally needed to advise mobile users how to use a simple web app showing phone's location on a map. Sample size is at least tens of people, selection bias to somewhat young and active people. Based on this "research",for a median iPhone user a location-aware web app is simply broken. Without external help, they are unable to change the (default/dark pattern, I do not know?) setting of not letting browser access to location data. You are welcome to come up with reasons why Apple has made it so difficult. I have difficulties to think other than intentionally crippling web apps.

For some reason companies still agree to pay huge bonuses to their (already rich) executives to incentivize them working more/better.

So you’re saying the rich have much less to gain through hard work and shouldn’t be incentivized?

What makes you think they ever waged a war? I never saw any indication.

> That is incredibly difficult to achieve, and impossible to fully realize. But that should be the aim.

What makes you confident that not fully realized version of your utopia does not end up being a dystopia? For reference, see what happened for the not fully realized utopia of communism in Soviet Union