Findeton

I was thinking "I pity the guy that has to read/review his code." but he mentions his code changes aren't complex so perhaps he's right on his approach.

Infrastructure is 0.5% of the government spending and can be paid by use, for example tolls.

I don't care about wealth inequality though. And trying to get taxes to be fair is impossible, as taxes are a form of theft.

I don't think you understand the marginal theory of value at all. Like, at all. Obviously the marginal theory of value does incorporate all your concerns.

First, because Menger, creator of the Austrian school of economics, uses methodological individualism. That means it includes the fact people have incomplete information and subjective value (for example based on what others value). These are points 2,3.

About point 1, you clearly don't understand marginalism. You value more water over gold, but a glass of water is cheaper than the same weight of gold. If you were thirsty and about to die in the middle of the desert, you'd pay up to infinite money for a glass of water and 0 for gold. But you value just the next marginal unit of water, not the first one, so you know you can have as many glasses of water as you want just by opening the tap. I'm sure in your lifetime you'll spend way more money on water/beverages than on gold, but a single glass of water is cheaper.

Yes, it was a very important book and set of ideas. But it also had some shortcomings. For example, he has a theory of value based on labor/work (and David Ricardo continued with that approach, and then Karl Marx as well). That is greatly improved by Carl Menger's marginal theory of value.

It's sad because Adam Smith wrote The Wealth of Nations in part to debunk Mercantilism. Smith wasn't right on everything, but he was right to criticize Mercantilism.

For example, if trade imbalances were so bad, we should sink any ship that comes into the US as this reduces trade imbalances (absurd example from Bastiat btw).

Keep nothing in the state. Solved.

Cut the spending, 32% like Milei did.

And even more new jobs.

One of the problems with Rome was that by using slaves, the rich didn’t value work. People are more productive if they are compensated according to their productivity. Also the rich didn’t systematically reinvest their capital in the most productive way as capitalists do nowadays, instead they bought titles/positions, land or married their children.

Nah they were too centralised. Actually I think the Greeks were closer by having city-states and inventing the aeolipile.

Shameless plug as AUC calendar is mentioned: https://aburbecondita.com

Years since the founding of the City (Rome), Ab Urbe Condita. Although during Imperial times they used years since the current emperor started his mandate, ehich could be confusing as sometimes there would be three emperors in a year.

Btw I loved the comic and I will anxiously wait for the next edition.

And remember that this is possible because the Spanish did respect the old culture. Actually it was the mexicans after their independence that tried to remove it.

Trump is a reaction to what was there before him (and in between). Perhaps Obama/Biden were not that bad in comparison, but they went too far in one direction and now the reaction is going too far in the other direction.

A bit absurd considering how cloudy and rainy England is. I'm sure someone else will be complaining about how unaffordable housing has become.

So trans/bisexual etc words are "hidden". Okay, that's not good, but honestly I don't think that's the most important topic.

Good riddance in my opinion. X is not completely free in terms of speech but it's better than before and better than the alternatives.

And some people don't like that.

I work at a secure online elections company. We're refactoring the code to make the tally as performant as possible, both in the use of resources and speed. So this is the fun part :)

I would say that, because government started guaranteeing the student debt, demand became insensitive to price.

I am not from the US but my understanding is that student debt only started to be a problem when the government started to guarantee it, in the 80s.

So they were priced out of interventionism.

And salaries stopped following increases of productivity after Nixon gave the final blow on the gold standard in 73. So again, priced out of interventionism.

They would have to pay for them.

It's really crazy.

Makes sense.

So far what he's doing is working.

I hope we remove sovereignty from states… to get it back to the people.

25b in assets, so that's less than 0.1% of all properties in Canada. And they say they're rigging prices? How so?

Well now Argentina has an economic surplus so that category is not valid anymore. Thanks Milei, you're doing a great job for your fellow citizens!

You learn enough about value investing to know who is actually following that framework and then you just hope it works. Note: it works.

Every function that the government is doing, was done (better) at some point by private enterprises.

About levelling the playing field, the problem is regulation in general. Monopolies are only bad if they are supported by violence=governments (for example you could consider Google a monopoly but it's a market based one). You don't need a lot of competition, just remove all regulatory barriers to entry/exit (note: barriers to exit are also important).

Governments don't know what has positive ROI... because they don't care about it. Private companies would go down if they do projects with negative ROI.

Tell me the incentives and I'll tell you the result.