loki49152

Assuming the rationality of economic actors goes wrong primarily because economists don’t know what “rationality” is and come up with weird accounts for what “rational” behavior would be under given circumstances. They aren’t talking about “rational” behavior in the sense laymen use the term.

The “invisible hand” is also something that actually does exist and is straightforward to explain. It’s the tendency individuals making decisions in their own self-interest to find others with compatible self-interest as the motivation to make a trade. Every mutually self-interested transaction adds up to a total gain for the overall economy because each side makes the trade precisely because they judge the other’s offer to be of higher value to them. The key to demystifying the observation is the insight that “value” is a judgement made by individuals in relation to their own lives, not some inherent property that can be determined apart from individuals value judgements.

Modern monetary theory isn't doing fine and neither are the countries with fiat currencies. They're all in absolute crisis because their economies are built on ever-shifting quicksand.

The "gold standard" isn't a theory of economics, it's an observation. Money is a medium of exchange - a mechanism for judging the relative value of unlike goods. That is literally impossible if the thing used as money is non-economic, like fiat currency. The money must be itself a tradeable commodity. Commodities that are useful as money have all the traditional traits you learn in elementary school, and gold is the traditional and current best fit for those traits.

Belief in the viability of "monetary policy" and fiat currencies always comes from a belief that no one can really know how economics works, so whatever anyone does right now might not work in the future. Well, obviously that's going to be true of people who refuse to learn what economics as a field actually is.

I'm personally willing to throw a couple of 9's on that figure to avoid dying the mushroom death.

"Woke" isn't a term applied by outsiders. It's the self-identification of in-group membership, spoken as a badge of what passes for pride.

That's not in his work, though. That's in the insecurities of people who set out to be offended.

The closest he gets is the characterization that's it's natural to women to have babies because their bodies are capable of it, and most women do or at least want to. That shouldn't even be controversial because it's borne out by all of human history.

Did you read half the quote? What exactly was the point of the criticism, do you think?

Ok, then. Where do you think babies come from?

The fundamental insight behind what became agile is that it isn't actually possible to have both a guaranteed delivery date and a guaranteed set of delivered features. The reality of software development just doesn't allow it.

Businesses don't "get things done" by operating as if they can have both. That's why projects fail, businesses cut corners, and then inevitably ship broken products or don't ship at all.

Most of the "agile methodologies" are nonsense dreamt up by borderline con artists attempting to sell their services. The fact that it's an either / or choice - and that nothing can get around that choice - is inherent in the nature of the work.

Big Oil didn't "lie" about climate change any more than the people who think sentient dinosaurs live in Hollow Earth "lied" about the way to get there.

The global warming theories they were presented as a result of fossil fuel burning fall into to "not even wrong" category of pseudoscience. CO2 doesn't cover the Earth, causing warming like a blanket. That was the theory they were given. It's not even wrong. It means nothing. And they debated it, decided it was meaningless, and moved on.

The criminals in this are the people who continue to push global totalitarian rule to fix a fake crisis. There is no climate emergency. What we're seeing now is the 100-year global water cycle oscillation. That's it. The only difference is that this time we're able to observe the environment on a global scale.

The reasoning is not circular because that would be devastating to your case?

Thanks, Yes man.

Lobbying is a form of self-defense against the real corruption - a government that has assigned itself the power to interfere in our day-to-day lives. Most people today take it for granted that "regulations" must exist because they solve some actual problem.

Usually, the "problem" they exist to solve is that some government functionary wants to look like they're "doing something", which is itself a form of corruption. Regulations also commonly serve ideologically-motivated belief that some faction has managed to force on everyone else. Everything else that is "corrupt" about proscriptive regulations follows from the fact that the belief in proscriptive regulations is a corrupt belief (and illegal under the US Constitution as it was actually written).

It's easier to understand the origin of this thinking if you put it in some of its more recent historical contexts:

* The "one drop of African blood" theory of the Democrats' Old South * "Jewish heritage", pretty much anywhere * "Class history" in the Marxist Socialist circles * "Intellectualism" in Khmer Rouge Cambodia

This is just another instance, from the same people who would have belonged to any one of these or similar groups. They all come from the same root intellectual history.

Labor markets aren't local when everyone can work from home. That's why this kind of move is absurd. Talent outside the Valley might be willing to take lower pay, based on lower cost of living, but just like everything else the price of their labor shouldn't be based on the cost to produce it.

I am suggesting exactly that. Government should be absolutely separate from education for the exact same reason government is absolutely separate from religion.

The purpose of government-run schools is not to ensure that each child gets an education. The purpose is to make sure the government gets to decide what constitutes an education.

No, it isn't. There is no secret magical end-run around Say's Law.

One might be inclined to say this if one doesn't understand the difference between physical nature and our consciousness of physical nature.

Mathematics does not exist outside of human minds. It is a method for measuring and describing the world around us that happens to lend itself to the study of its own conceptual structure.

Nothing in nature follows mathematical laws. Protons don't consult logarithm tables before they move through space. Particles don't consult statistics textbooks before they "decide" if it's time to decay. They act according to their nature, and that's all.

Well, AntiFa exists to engage in violence, by their own statements, so anyone "posing as" them to "call for violence" is just playing catch-up.

The United States isn't a democratic government. Democracy is the mechanism by which we choose our representatives, but our form of government is a Constitutional Republic.

You dream of Capitalism?

No, of course not. People who say "an economic system that serves human beings" never mean an economic system that actually serves human beings... except in the "To Serve Man" sense.

11 - 15 years is exactly the period of the "standard business cycle", which was established by the boom/bust nature of economies that depended primarily on agriculture. Farmers considered it common knowledge that the "business cycle" depended on the Sun's variability.

So, there is a definite, well-known, historically traced effect that occurs on around that time scale. It would take serious study to move past the coincidence level, but it's not something that can be dismissed out of hand, either.

Well, they did say “changed”, not “improved”.

You're talking about getting America involved in the worst possible kind of war - a war against reality. As a field of study, economics is a set of advanced physics word problems. There is no law you can pass and no policy you can enforce that will ever make the economy actually function the way you desire it to if the physical economy would produce a different outcome.

Our Sun lab ran on SunOS 4.1.1. Its NFS implementation was so unstable we'd get perhaps an hour and a half of use at a stretch before the file server would reboot... on an 8 machine network.

Trying to engineer society doesn't make any sense, much less by levying discriminatory taxes.

How much of that is due to a critical evaluation of his behavior and how much is due to the "modern" tendency toward foul hatred of anyone who accomplishes anything?

This is going to cause confusion with Rust - the game - and Oxide, its 3rd party mod plugin framework.

Memphis was the murder capital of the United States for a few years, but it was almost entirely gang-on-gang killings. That said, the Mall of Memphis (Mall of Murder) had to shut down because they found too many bodies in the grass between the building and the 'creek' that runs by it.

There's a joke people from Memphis understand. If you go to St. Louis, you might get shot by a gang member for your shoes. If you go to Memphis, you might get shot by the cops for your shoes.

What if the job they do is only worth the wage they can get to do it? What if economic reality means that either they take the market rate for the job - or the job is no longer available?

Why should anyone pay more than the economic value for goods and services?

You don't understand something basic. The root of this "diversity" focus is an expression of the believers' own racism and sexism. They believe racism and sexism are true yet also bad, so they have to engage in an endless routine of mental gymnastics to convince themselves that their view of the world is somehow ok.none of this is meant to solve any problem other than the SJWs' ability to deal with reality.

It will all become clear to you when you accept that it was the American Left who inspired the Fascists, Bolsheviks, and Nazis in Europe. All of them were leftist/socialist ideological movements. All of them copied policies that the American Progressives had put in place years before.

You are not fighting them. You are them.