HiLo

10 ms·

61.
by HiLo 11y ago
>All that is necessary is for the private sector to be better run and wiser than the government. Many economists would consider this to be a problem that falls under their realm of expertise. Can you provide counterexamples? If you look,
62.
by HiLo 11y ago
This is actually a pretty solid 1-line summary of the whole problem.
63.
by HiLo 11y ago
This is entirely subjective. What about those who devote their lives to a cause and go into government? Your money is better than their passion? This line of logic would suggest mercenaries are always have more incentive than soldiers.
64.
by HiLo 11y ago
I could say the same about your black and white thinking using outdated Chicago/Neoclassic economic theories when applied to aggregate economies, but I digress. I didn't say they were built on the charity of the system, just tha
65.
by HiLo 11y ago
Nothing happens in a vacuum. With great power comes great responsibility - at some point billionaires can't blame their shit going wrong on other people if they were the more capable ones and clearly felt they were more capable when th
66.
by HiLo 11y ago
Compare the Federal Reserve to many of these subprime "technology driven" lending startups. Who is more professionally staffed? Compare the NSA to Palantir. Compare NASA to SpaceX. Compare the Treasury to Enron. Compare Bell Labs
67.
by HiLo 11y ago
Private companies used to spend money killing, torturing, imprisoning, exploiting, robbing, and oppressing people, until the public stopped them through the means available to them in government. And you're saying this is a bad thing,
68.
by HiLo 11y ago
Does that discussion of his $100 million donation simply not count in your book? Did it not show up in your browser?
69.
by HiLo 11y ago
"it's the rich deciding what to do with their own money." No, I wouldn't agree on that at all. That runs entirely counterproductive to what our society is built on. This is the arrogance people talk about - you think you
70.
by HiLo 11y ago
This is such a retarded argument. How did it get into the budget if nobody thought it was a good idea? Do you know how much of a fight it is to get anything in there at all? Furthermore, all you're doing is cherry picking data points t
71.
by HiLo 11y ago
Because the structure that enabled you to amass that amount of wealth is flawed, and disproportionately rewards "you" over the network that actually did much of the heavy lifting. Nobody is saying they shouldn't be richly rew
72.
by HiLo 11y ago
No, it's a difference in opinion about who should decide what to do with the power , as the quote said.
73.
by HiLo 11y ago
What are you talking about? It has much more than that?
74.
by HiLo 11y ago
You take it as a given that the private sector is well-run and wise. Nobody is saying either solution is great. All it's saying is that: wouldn't it be better to have all this power be in the hands of the democratically chosen, ve
75.
by HiLo 11y ago
No I mean if you read all of it, it talks about the nuance in a lot of detail.
76.
by HiLo 11y ago
Krämer: So it's not the state that determines what is good for the people, but rather the rich want to decide. That's a development that I find really bad. What legitimacy do these people have to decide where massive sums of money
77.
by HiLo 11y ago
Why's that?
78.
by HiLo 11y ago
Or just as not worth more than the trouble they're bringing to this whole ordeal, when viewing it all as a portfolio of assets. (referring to the core biz)
79.
by HiLo 11y ago
It's only worth that if somebody pays that, which would be who in this case?
80.
by HiLo 11y ago
Fair. Has it been made explicitly illegal anywhere, or just not explicitly legal? Sorry for being difficult.
81.
by HiLo 11y ago
Does anybody know if they would have to get the DTC/NSCC on board with this (or if that would even be difficult), as they are the actual custodians for most of these securities and presumably would have to approve any new accepted form
82.
by HiLo 11y ago
To be fair, all of this means government protection against harmful, unfair action against you. Even if they don't sanction it, can they actually stop you from doing as you please with an asteroid, obviously assuming you somehow had th
83.
by HiLo 11y ago
Whoa OK well then by that line who said Earth creatures get to claim non-Earth objects?
84.
by HiLo 11y ago
The reason I ask is because I worked for one of the largest traders of physical commodities in the world, and was involved in that trade. What you're talking about is called cornering the market, and when it happens, the people go to j
85.
by HiLo 11y ago
Not everything can be made into a damn hacker house or incubator. That's not a business model for the economy as a whole. We're going to start seeing startups doing rollups of startups doing shared working spaces for startups maki
86.
by HiLo 11y ago
Playing devils's advocate, when have people, in all history, carrying large amounts of cash not been strapped? When I was in Nicaragua for awhile it was kind of known you don't fuck with the cash dealers. From my experience, espec
87.
by HiLo 11y ago
Not only does it make people targets, it's highly conducive to money laundering - an oft forgotten, but EXTREMELY important purpose, that seems to be too often forgotten in the fintech community.
88.
by HiLo 11y ago
And it might also be one of the best measures of aggregate economic activity for a large region, which could also be considered a good measure of............?
89.
by HiLo 11y ago
If you could build a giant battery the size of a large warehouse, on the cheap..... even people in Texas would be buying, as then all that wind could be used.
90.
by HiLo 11y ago
Hey so do you know how many commodity hedge funds own storage assets? Did you know those storage assets are highly specialized for each commodity? Just trying to politely point out that it's not the hedge funds that would be doing that

More ›