5,881 karma · joined October 20, 2016
econ and investing
Evidently not. Or at least many of them didn't in this case.
See a completely plausible causal chain:
Inflation up -> Rates up -> Housing purchases down -> rental demand up -> rental prices up -> inflation up
>If what you're doing isn't likely to be censored by authorities then you're being incredibly wasteful by using blockchain
If the wasteful people doing non-crime activities on the blockchain weren't there it'd be incredibly easy for the authorities to crack down. In other words, if the only legitimate use cases of crypto is facilitating crime, it can only even achieve that goal as long as many people are using crypto for the other stuff you think is wasteful.
Furthermore, why wouldn't a topic like private members' clubs be fair game for any sort of major journalistic outfit?
Oil is on its way out the door. Oil companies all have projections that show demand for oil increasing in the short term and decreasing in the long term. The list of their options to (1) increase their profits by (2) increasing the supply of oil are all investments that only pay off in the long term. Hence, even as prices rise in the short term, they are making calculations off the long term and finding it not very profitable to increase supply. Simple economic theories of corporate response to supply and demand don't work nearly as well with this long-term, short-term incentive difference.
I think this is the key. Obviously eliminating gifted programs and just tossing those resources into the wind is bad. But if instead we eliminated gifted programs, shifting those resources into remedial programs and then made the normal classes more difficult that seems like a solution that would satisfy almost everyone.
This is the problem. I don't believe all the tethers were sold in exchange for $1. If Tether wasn't receiving $1 for every tether then everything else falls apart.
How is this not just the exact same formula? "Oh you see it's stable because there's this exchange mechanism and it's attached to this floating currency, blah blah blah." It all sounds very complex but then it breaks and you look underneath and it seems like anyone who understood what the mechanics actually were would've always been a little sketched out by it. Is this whole ecosystem not just small-time hobbyists and programmers trying to create this exact dangerous dynamic over and over?
Markets exist by virtue of laws created by governments - property law being the primary example - expecting actors in a free market who aggregate enough wealth to affect those governments not to just strikes me as unrealistic. It reminds me a bit of gaming. Everyone agrees that in a competitive game the most fun part is early on before a 'meta' can be established. But of course that meta will always end up established and it's basically dumb to be mad at people for metagaming or to otherwise expect them not to.
Then wouldn't you see businesses fighting for it instead of against it?
Phrenology is bumps on the head right? I think hook nose would be physiognomy. But yes, the idea was that your behavior was due to your brain and your brain was composed of many different parts that each controlled different propensities or abilities. Then it was just a matter of identifying where those propensities lived, in relation to the head and then you could feel for the differences from person to person across the surface of the head. From the naive viewpoint it is plausible, oh, you say the back right section of my head, above the ear is a bit larger so the self-control portion of my brain is well developed? I've always thought so!
Setting aside the marshmallow test, you can easily see how scientific theories about this sort of thing, both right and wrong, easily integrate.
>It's very, very expensive, and their purchasing model seems designed to prevent people from realising this.
How is it expensive in a way that's not transparent?
Judging by the article, quite a large difference.
>there must be better solutions than solidifying the systematic problems which capture this segment of the population.
We're talking about poor children here. The systemic problem of this segment of the population is that they are poor. It's easy to talk about poor adults and prescribe behavioral adjustments, it's a way of assigning desert. It's much harder to talk about poor children because it's obvious that no child deserves to be poor.
Like what?
This is going to be the interesting part. To my mind this is where partial automated driving systems are basically incompatible with people and cars. There is just no way a person who is behind the wheel but who isn't driving can be in control and highly attentive in the same way as a person who is actually driving.