LaEc

8 ms·

1.
by LaEc 3y ago
“ a special committee of Chinese Communist Party members”
2.
by LaEc 4y ago
Well, my father who heard about the ChatGPT hype believed it is an app you download from the Play Store and proceeded to download a couple of knockoffs with paid subscription features.
3.
by LaEc 4y ago
Animals eat farmed plants, and the amount of death/suffering required to produce the caloric equivalent is several orders of magnitude higher.
4.
by LaEc 6y ago
Perhaps the fact that he died 20 years earlier.
5.
by LaEc 6y ago
Lower income tax. Lower corporate tax. Eliminate onerous labour laws. Eliminate unnecessary regulation. Improve English education. Raise public sector tech salaries. Stronger accounting and capital market regulations. Stronger contrac
6.
by LaEc 6y ago
Those are not examples of true Veblen goods but rather goods which use price as a signal of quality. True Veblen goods are things like staple foods for the very poor where the increase in price eats so much of their income that they can onl
7.
by LaEc 6y ago
I think we are talking at cross-purposes, but I read your comment as suggesting a single account. No one calls our IRA the CPF MS, CPF always refers to the IRA and Medisave is totally separate even if it is partly administered by the CPF bo
8.
by LaEc 6y ago
HSAs are just like bank accounts. It reflects a debt owed to you by the govt/bank. The govt/bank doesn’t actually store all the money it owes on hand, it lends it out, makes investments or spends it. That’s why bank panics and ban
9.
by LaEc 6y ago
I agree with most of your ideas except energy ownership. However, as a Singaporean I have to say that Singapore has HSAs. They are called MediSave accounts and are separate from CPF although both earn interest. CPF is the retirement plan.
10.
by LaEc 6y ago
That's where the health savings accounts (HSA) and subsidization comes in. We want people to be able to afford healthcare but not abuse it. So what should we do? First, require each person to set aside part of their income to a HSA. Se
11.
by LaEc 6y ago
Let us assume that your concerns about devaluation come true. Let us say that Poor Man has $10,000 and Rich Man has $10,000,000. Devaluation of dollar by 10% means poor man loses $1,000 and Rich man loses $1,000,000. Who loses out more unde
12.
by LaEc 6y ago
Elimination of the price mechanism eliminates a key way to sort out who truly needs healthcare (or whatever service). Consider a safe elective knee surgery. If you knew it was paid for by the government, you would just sign yourself up for
13.
by LaEc 6y ago
If inflationary pressures get to high, the Fed will raise the Fed Funds rate, affecting the market interest rates, incentivizing saving, decreasing inflationary pressures.
14.
by LaEc 6y ago
The Fed is lending money to prevent a financial crisis, not simply giving it away. Look back at the 2008 crisis and see that the government actually profited significantly from issuing those debts in the long term. UBI is a giveaway not a l
15.
by LaEc 6y ago
Are healthcare outcomes worse in the US than other first world countries? Life expectancy is endogenous to variables like diet and exercise. Looking at cancer survival rates, the US is best at some and mediocre at others but other countries
16.
by LaEc 6y ago
World with IP: Expensive Range Rovers. World without IP: No Range Rovers. Your imagined world of cheap range rovers if we suspended IP only works once but destroys all future incentive to create.
17.
by LaEc 6y ago
Those open-air stockyards in Chicago look like crap, and even then still miles better than what pigs go through today. At least they saw the sky for more than the few minutes just before their deaths.
18.
by LaEc 6y ago
There isn't extensive documentation on the welfare of animals in large farms in history, but if you knew what goes on today, you wouldn't even dare write that. Chicks sent to the shredder, cramped living conditions for the entiret
19.
by LaEc 6y ago
But it says "plans to hire".
20.
by LaEc 6y ago
Vertical monopolisation is a mixed bag actually. Vertically integrated companies profit more with lower prices in the downstream market than a purely downstream product company because they make profit at both stages. Antitrust law is far
21.
by LaEc 6y ago
Can't go to next page and the search function doesn't work. Great mission!