ItsMonkk

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241.
by ItsMonkk 5y ago
This was a fair comparison - the same exact thing was true of Hughes and Rockefeller. But your argument is actually my argument. The past 50 years wealth inequality has grown, and we are now starting to see liquidity issues where for their
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by ItsMonkk 5y ago
> They simply can't do it and rather extrapolate current conditions to infinity. This is what I think more people should be paying attention to. I keep seeing the FIRE(financially independent; retire early) people talk about the ret
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by ItsMonkk 5y ago
I will say that I'm a huge fan of SlateStarCodex's epistemic status system, where before posts where he is unsure of he will clearly state how far he has gone down the rabbit hole, and such a status would have made for a better bl
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by ItsMonkk 5y ago
It's a case of top-down thinking vs bottom-up thinking. Historians build from bedrock and are able to directly work out causation, whereas these Programmers with a hobby in studying other systems don't get the feedback at that lev
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by ItsMonkk 5y ago
From Lyn's past article on Japan it is showed that over the past "lost" decades in Japan, the private sector debt has been dramatically reduced while the public sector debt has taken it's place. I really wish she looked
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by ItsMonkk 5y ago
It's so obvious what the real solution is now that you have laid it out like this. Your use-case was never best fit through YouTube. Doing so was always harmful to getting the job done, it's just even worse now. Your use-case was
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by ItsMonkk 5y ago
Oh, realized a better way to explain this. When you say yes, you grow the pie. When you say no, you get a bigger piece.
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by ItsMonkk 5y ago
Ahh.. I was less precise than I should have been. Words can be tricky - let me be more technical. There is price and there is value. The more they say yes, the more value you get. The more they say no, the higher the price.
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by ItsMonkk 5y ago
Exactly. Every person living in a city is a positive externality for the businesses. And every business is a positive externality for the residents. It's a network effect. The more people in a city, the better it is. The people who own
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by ItsMonkk 5y ago
I have absolutely no problem with people voting for zoning policies that decrease the supply of housing. I have a major problem with incentive structures that are setup such that the people that own houses in that environment become wealthy
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by ItsMonkk 5y ago
This is the conclusion that I am coming to as well. You need to pick the correct tool for the job. What's the correct tool? The simplest tool that can get the job done, the Principle of Least Power[0]. We often hear "Favor Composi
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by ItsMonkk 5y ago
In a fair system with no rent-seeking, you wouldn't. If the money supply is increasing at a rate faster than assets, you would raise the interest rate.
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by ItsMonkk 5y ago
No. We live in a fiat currency world where every dollar is allowed to leverage 10x. This means that every dollar defaulted on results in the destruction of 10 dollars. Even during the housing crash of 2008, the money supply didn't cont
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by ItsMonkk 5y ago
M2 * M2V = GDP With GDP being mostly the same trend it has been this chart is just tracking the surge in M2.
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by ItsMonkk 5y ago
One of the goals of keeping the money supply equal to the value of assets is a stable velocity. The stable velocity might end up the more important aspect, but I don't yet have a perfect intuition on how that works.
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by ItsMonkk 5y ago
From 1945 to 1971 the value of assets was increasing faster than the value of gold mined, and dollars were directly connected to gold, so everyone wanted more dollars, so the stock value of companies was low even though they were growing at
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by ItsMonkk 5y ago
Relevant xkcd: Here to Help[0]. If you don't have the minimum skills on the team, you're going to fail in ways that you don't see coming, the unknown unknowns. To spend billions when a former Zillow employee says that they ha
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by ItsMonkk 5y ago
It's a continuum. You want content to go from idea(chat), to discussion(forum), to documentation(wiki). Most people should only have to read the wiki, if they have already read the wiki, they can drop down to the forums, and if they ha
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by ItsMonkk 5y ago
Exactly. The Linux requirements are the single most complex problem and they need the power of git to handle that complexity. The problem isn't git. The issue is that everyone is using the most complex tool, from solo developer, to 10
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by ItsMonkk 5y ago
This mirrors my current thinking. Each individual naturally filters out information that they consider weird, the less they know the person that they are reading, the farther it is from their viewpoint, the more that idea will be passed ove
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by ItsMonkk 5y ago
One of the shocking things I figured out when researching this that no one ever talks about is just how efficient fat is. If you burn 2000 calories a day and eat 2000 calories a day, you are in a steady state. Won't gain or lose any we
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by ItsMonkk 5y ago
Yes, exactly. I go into a bit more in how I envision the plan in a previous post[0]. A much better introduction to the LVT is this book review[1]. People would still bid for the home. You might get one offer for $190k, another offer for $2
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by ItsMonkk 5y ago
Restrictive zoning is a consequence of scarcity seeking incentives. Housing can't be both Affordable and a good Investment. Therefore the only proper value for a home is the price that it costs to build it. The way to do that is a 100%
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by ItsMonkk 5y ago
That's all everything ever is anymore. You don't need to be a good stock picker if you know that someone sent a buy out, and you can get there first, buy it and then sell it to them. You don't need to find good domain names,
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by ItsMonkk 5y ago
I liked this, thanks. But that example is so weird, the second query is just as easy[0]. [0]: https://duckduckgo.com/?q=%21wa%20is%20it%20daytime%20in%20m...
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by ItsMonkk 5y ago
Get rid of them. Timezones are a leaky abstraction over daylight. They are to broad, so run into these failure modes. I would train people to run off of UTC time most of the time when they need to synchronize a specific time. Then train the
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by ItsMonkk 5y ago
If you implemented a Land Value Tax, all of the surplus value provided by something would be captured by that tax, and you could then subsidize a part of the positive externality using that tax. One way to do so with IP/information&#x2
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by ItsMonkk 5y ago
I'd love to hear them if you've got them. The one I worked out was "Agile is just budgeting, but for time instead of money".
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by ItsMonkk 5y ago
That and getting into corporate debt were extremely harmful.
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by ItsMonkk 5y ago
I'm not the GP, but I mostly agree. The principles that I suspect we both share are that concentration of power will always result in harms, and the only way to get ourselves out of the mud is diffusion of power. 1. Up until 1913 the S

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