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At least that all the citizens live in a perfect paradise, that shows a really lack of imagination. Even, if ideologically you are against spending the citizen

At least that all the citizens live in a perfect paradise, that shows a really lack of imagination. Even, if ideologically you are against spending the citizens money in the citizens, there are always things like basic research programs. The world could do with a few Manhattan Projects for batteries or cultured meat to help with the CO2 emissions, another spacial program or many other things.

lrem 7y ago
Not perfect, but everything seems to be already on the verge of diminishing returns. The only underprovisioned aspect is daycare, but that's a societal, not budgetary problem. To the main point, yes, I didn't think of research. It definitely makes sense to pour all surplus resources into it and it won't collapse the order. Now I'm curious why is it not being done.
- cinquemb 7y ago
  >Not perfect, but everything seems to be already on the verge of diminishing returns. Very true, for example there are about ~2060 (2026 are trading above par by about %11 on avg, as of 22-08-2019) IG bonds tracked by LQD ETF with the avg maturity date of 2023-05-04, that effectively (subtracting/adding avg % of each bond trading above/below par value from its interest rate when written) yields %0.12, negative if you subtract off "risk free" rate of a UST with a 3-5 year maturity. > Now I'm curious why is it not being done. My take: Plenty of government money already goes into research, the problem is that the process of allocation today follows the opaque prestige grant funding hamster wheel process with cronyistic characteristics, and not say "cash drop" to anyone who can post sub 5 page action plan for x funds on what outcomes/targets/objectives could happen from research to a public repo that tracks said research/ fund allocation through the life-cycle (where "[future] rights" on said repos could be bought and sold by various actors with contract conditionality such that %x of transactions are used to fund y initiatives).

lrem 7y ago

Not perfect, but everything seems to be already on the verge of diminishing returns. The only underprovisioned aspect is daycare, but that's a societal, not budgetary problem. To the main point, yes, I didn't think of research. It definitely makes sense to pour all surplus resources into it and it won't collapse the order. Now I'm curious why is it not being done.

cinquemb 7y ago
>Not perfect, but everything seems to be already on the verge of diminishing returns. Very true, for example there are about ~2060 (2026 are trading above par by about %11 on avg, as of 22-08-2019) IG bonds tracked by LQD ETF with the avg maturity date of 2023-05-04, that effectively (subtracting/adding avg % of each bond trading above/below par value from its interest rate when written) yields %0.12, negative if you subtract off "risk free" rate of a UST with a 3-5 year maturity. > Now I'm curious why is it not being done. My take: Plenty of government money already goes into research, the problem is that the process of allocation today follows the opaque prestige grant funding hamster wheel process with cronyistic characteristics, and not say "cash drop" to anyone who can post sub 5 page action plan for x funds on what outcomes/targets/objectives could happen from research to a public repo that tracks said research/ fund allocation through the life-cycle (where "[future] rights" on said repos could be bought and sold by various actors with contract conditionality such that %x of transactions are used to fund y initiatives).