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It’s highly worrisome when dollar values get to be so large, that the fundamentals of finance that we all follow in our daily lives are completely thrown out th

It’s highly worrisome when dollar values get to be so large, that the fundamentals of finance that we all follow in our daily lives are completely thrown out the window. Voting over and over to raise the debt ceiling, printing more money, keeping interest rates low in a strong economy are all things common sense thinking would be weary of. It's starting to feel like the same myopic thinking that lead to the Mortgage-backed securities crisis is making similar decisions again

Invictus0 7y ago
Running a household and running an economy are totally different things. There is a reason macro and microeconomics are taught separately.
- blackflame7000 7y ago
  See that's the problem. At the end of the day, its humans trading with humans whether it's 100 people or 10 Billion. The core of any economy and any transaction is trust. Trust that you are getting an even barter for your payment. Profits are always second to Trust in any market and when that trust is violated by clever accounting, there is always a time of reckoning.
  - pnx 7y ago
    See that's the problem, a sorting algorithm just moves values around, whether it's 100 values or 10 Billion. At the end of the day if bubble sort is good enough for a micro controller it's good enough for a data center.
    - blackflame7000 7y ago
      Until you realize a data center is a bunch of small nodes working together.
      - pnx 7y ago
        And of course bubble sort is the perfect solution for distributed sorting.
        blackflame7001 7y ago
        I don't get your argument. If something doesn't work on the small scale it certainly won't work on a large scale. That's exactly my original point about managing global finance
        pnx 7y ago
        Bubble sort works amazingly well on the small scale. It shits itself on the large scale. Just like how trying to run an economy like you do a household results in the great depression.
        blackflame7000 7y ago
        That's the converse of my argument. I'm saying that things that don't fly at small scale, don't become good ideas at large scale. Constantly calling the credit card company and asking for a credit raise instead of paying the bill, printing more money to pay the bill, and encouraging not saving for a rainy day by keeping interest rates low are all things that are terrible ideas for the individual so why is it good for 100 individuals grouped together? Actually, the answer is obvious: statistics are easier to manipulate with groups.
        pnx 7y ago
        >I'm saying that things that don't fly at small scale, don't become good ideas at large scale. They absolutely do. Fourier transform multiplication methods are a terrible idea if you run them on numbers that aren't hundreds of digits long, but the only way to multiply truly large numbers.
        Invictus0 7y ago
        Why not do some research and learn about this stuff? Very smart people spend a lot of time thinking about how to run economies: at least consider their ideas before you dismiss them.

Invictus0 7y ago

Running a household and running an economy are totally different things. There is a reason macro and microeconomics are taught separately.

blackflame7000 7y ago
See that's the problem. At the end of the day, its humans trading with humans whether it's 100 people or 10 Billion. The core of any economy and any transaction is trust. Trust that you are getting an even barter for your payment. Profits are always second to Trust in any market and when that trust is violated by clever accounting, there is always a time of reckoning.
- pnx 7y ago
  See that's the problem, a sorting algorithm just moves values around, whether it's 100 values or 10 Billion. At the end of the day if bubble sort is good enough for a micro controller it's good enough for a data center.
  - blackflame7000 7y ago
    Until you realize a data center is a bunch of small nodes working together.
    - pnx 7y ago
      And of course bubble sort is the perfect solution for distributed sorting.
      - blackflame7001 7y ago
        I don't get your argument. If something doesn't work on the small scale it certainly won't work on a large scale. That's exactly my original point about managing global finance
        pnx 7y ago
        Bubble sort works amazingly well on the small scale. It shits itself on the large scale. Just like how trying to run an economy like you do a household results in the great depression.
        blackflame7000 7y ago
        That's the converse of my argument. I'm saying that things that don't fly at small scale, don't become good ideas at large scale. Constantly calling the credit card company and asking for a credit raise instead of paying the bill, printing more money to pay the bill, and encouraging not saving for a rainy day by keeping interest rates low are all things that are terrible ideas for the individual so why is it good for 100 individuals grouped together? Actually, the answer is obvious: statistics are easier to manipulate with groups.
        pnx 7y ago
        >I'm saying that things that don't fly at small scale, don't become good ideas at large scale. They absolutely do. Fourier transform multiplication methods are a terrible idea if you run them on numbers that aren't hundreds of digits long, but the only way to multiply truly large numbers.
        Invictus0 7y ago
        Why not do some research and learn about this stuff? Very smart people spend a lot of time thinking about how to run economies: at least consider their ideas before you dismiss them.